What Snyder Specialty does

Snyder Specialty, L.L.C. is a privately held Managing General Agency (MGA) and Surplus Lines Broker headquartered in Brooklyn, New York, with a satellite office in Monmouth Beach, New Jersey. The firm operates as a Lloyd's of London coverholder and underwrites hard-to-place, high-hazard, and high-risk personal and commercial property insurance that standard admitted carriers decline, including coastal homes, LLC- and estate-owned properties, vacant buildings, frame-construction properties, and accounts with prior claims or catastrophe exposure. Its product portfolio is organized into Personal Lines (Homeowners, Rental, Excess Flood, Renters, Vacant Property, Condominium Unit Owners, Dwelling Fire), Commercial Lines (Monoline Property, Commercial Package, Excess Flood), and Builder's Risk (personal and commercial construction). Differentiated endorsements include a High Value Home program for dwellings with limits starting at $800,000, with water backup, mold, home systems, service line, identity recovery, and home cyber protection modules.

The firm holds the pen on its programs, enabling it to underwrite, rate, quote, and bind accounts directly. Distribution is wholesale-only: Snyder Specialty does not sell to end consumers. Instead, retail insurance agents in New York, New Jersey, Connecticut, and Pennsylvania contact the firm by phone or via website forms to place risks for their policyholders. Revenue is generated through insurance premium earned on policies bound through this wholesale channel. Marketing is conducted through the company website, blog content on insurance topics, and organic social media presence (Facebook, Twitter, LinkedIn, YouTube), positioning the firm as a specialist partner for agents unable to place non-standard risks in tightening standard markets. The firm has operated for approximately 15–20 years, with its founding dated to 2005, and remains independently owned with no disclosed institutional investment, subsidiaries, or M&A activity.

Operationally the company is a micro-entity: stated headcount is 1–10 employees, there are no published pricing tiers, and management team information is not publicly disclosed. No AI, machine learning, or proprietary data-driven capabilities are described in the source material. The technology layer is described as an underwriting platform supporting quote, bind, and policy issuance for the listed product lines.

Name

Snyder Specialty

Legal name

Snyder Specialty, L.L.C.

Website

https://snyderspecialty.net

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Snyder Specialty, L.L.C. is a privately held Managing General Agency, Surplus Lines Broker, and Lloyd's of London coverholder that underwrites hard-to-place, high-hazard personal and commercial property insurance for retail agents in New York, New Jersey, Connecticut, and Pennsylvania.

Ownership category

akta.pro rank

Product category

Specialty Property Insurance

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD), Surplus Lines Property (CAT/High-Hazard) (FSAJAGAB)

Keywords

• Managing general agency
• Surplus lines brokerage
• Specialty property insurance
• High-hazard property coverage
• Builders risk insurance

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premium Revenue: As an MGA and Surplus Lines Broker, Snyder Specialty earns revenue by underwriting and binding insurance policies for retail agents. The company holds the pen for its programs, enabling it to underwrite, rate, quote and bind accounts directly. Revenue is generated through premium income from the insurance policies placed through its platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Snyder Specialty is a Managing General Agency (MGA) and Surplus Lines Broker operating as a Lloyd's of London coverholder. The company underwrites, rates, quotes, and binds insurance coverage for high-hazard, high-risk personal and commercial properties that standard insurers typically decline. It provides property and liability coverage, excess flood, monoline property, commercial package, and builder's risk insurance exclusively through retail insurance agents in the Tri-State Area and Pennsylvania.

Product overview

Snyder Specialty is a Managing General Agency (MGA) and Surplus Lines Broker operating as a Lloyd's coverholder, providing insurance agents with outside-the-box, competitive insurance solutions for high-hazard, high-risk personal and commercial properties. The company offers a portfolio of insurance products organized into Personal Lines (Homeowners, Rental, Excess Flood, Renters, Vacant Property, Condominium Unit Owners, Dwelling Fire), Commercial Lines (Monoline Property, Commercial Package, Excess Flood), and Builder's Risk (Personal and Commercial) programs. The core offering centers on hard-to-place property risks that are typically difficult to insure, including coastal properties, high-value homes, LLC or estate-owned properties, properties with underground tanks, frame-construction, older buildings, and properties with prior claims. Snyder Specialty serves retail agents throughout New York, New Jersey, Connecticut, and Pennsylvania.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Property and liability insurance coverage for high-value, high-risk, and coastal homes, including properties with underground tanks, frame-construction, prior claims, vacation/seasonal homes, homes with day care exposure, LLC-owned homes, and estate homes. Underwritten for retail insurance agents whose clients cannot secure coverage in standard markets.
• Rental Properties Insurance Property insurance coverage for rental dwellings and landlord-owned properties that are difficult to place in standard markets. Serves retail insurance agents seeking coverage options for landlord clients with hard-to-place rental property risks.
• Excess Flood Insurance Coverage extending beyond standard NFIP flood insurance limits for personal and commercial properties at risk of flood damage. Available to retail insurance agents whose clients require flood protection above standard federal program limits.
• Monoline Property Program Exclusive monoline property coverage program focusing solely on property-related risks such as fire, theft, and natural disasters without bundled liability coverage. Supports restaurant improvements, habitational risks, mixed-use mercantile buildings, and other classification combinations, with boiler & machinery and enhancement endorsements available. Targets retail insurance agents placing hard-to-place commercial property accounts.
• Commercial Package Policy Comprehensive commercial coverage combining Property, General Liability, Crime, Equipment Breakdown, and Business Interruption for small commercial accounts. Designed for retail insurance agents placing hotels, motels, restaurants, apartments, brownstones, vacant properties, and commercial buildings under construction.
• Builder's Risk Insurance Specialized coverage for residential and commercial structures during construction or renovation, including the foundation, building fixtures, machinery, equipment, and construction supplies. Designed for retail insurance agents whose contractor or property owner clients need coverage gaps filled during the construction phase.
• Renters Insurance Property insurance protecting renters from liability risks and covering personal possessions and additional living expenses when rental units become uninhabitable. Marketed to retail insurance agents for their renter clients.
• Vacant Property Insurance Specialized coverage for uninhabited or vacant residential and rental properties, protecting against theft, vandalism, fire, and other damages. Designed for retail insurance agents whose clients own properties that are temporarily unoccupied.
• High Value Home Insurance Enhanced coverage program for homes with dwelling limits starting at $800,000, including water backup, mold coverage, home systems protection, service line coverage, identity recovery, and home cyber protection. Marketed to retail insurance agents whose clients own high-value homes requiring broader protection than standard homeowners policies.

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Lloyd's of LondoncoreStrategic or Co-development PartnerSnyder Specialty operates as a Lloyd's coverholder, enabling the company to provide innovative, consistent product offerings for high-risk property accounts. The Lloyd's relationship provides access to capacity and underwriting capability for coastal properties, hard-to-place risks, and catastrophe-exposed accounts throughout the Northeast US market.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Amwins: Largest US specialty insurance distributor, combining wholesale brokerage, MGA, and underwriting capabilities across property, casualty, and specialty lines. Comparable surplus lines channel and retail-agent distribution model, but at substantially greater scale and product diversity than Snyder.
• CRC Group: Major US wholesale insurance broker specializing in E&S property, casualty, and specialty lines for retail agents. A broad incumbent in the same surplus lines distribution channel Snyder operates in, with significantly larger product scope and geographic reach.
• Burns & Wilcox: One of the largest US MGAs and wholesale insurance brokers, placing specialty and surplus lines property risks on behalf of retail agents nationwide. Highly comparable to Snyder as a surplus lines channel, but operates at much greater scale and product breadth, making it a broad incumbent rather than a head-to-head niche competitor.
• RPS (Risk Placement Services): National wholesale broker and MGA platform, now part of Arthur J. Gallagher, placing E&S property and specialty risks for retail agents. Overlaps directly with Snyder on surplus lines property placement but operates at national scale with a far broader product portfolio.

Direct peers

• Velocity Risk Underwriters: Specialty property MGA focused on catastrophe-exposed and non-admitted residential and commercial property, writing coastal and high-hazard risks for retail agents. A direct peer to Snyder given the shared MGA model, coastal/non-admitted property focus, and retail-agent distribution.
• Skyward Specialty Insurance Group: Specialty insurance carrier and MGA platform with property, casualty, and surety capabilities, including hard-to-place property placements for retail agents. Directly comparable to Snyder on specialty property underwriting, though it operates as a carrier/MGA hybrid with broader geographic and product reach.
• James River Insurance: E&S commercial carrier writing commercial package, monoline property, and specialty lines through wholesale and program-distribution partners. Comparable to Snyder's commercial Monoline Property and Commercial Package programs and surplus lines orientation, but at greater scale and as a carrier rather than a wholesaler/MGA.
• SageSure Insurance Managers: MGA managing residential property insurance, with significant coastal and catastrophe-exposed exposure across the US. Operates the same MGA / program-administrator model for hard-to-place residential property that Snyder does, though at substantially greater scale and on a national footprint.
• Kinsale Insurance: Excess and surplus lines insurance carrier specializing in property, casualty, and specialty risks for small-to-mid accounts. Comparable to Snyder on E&S property focus and small-account underwriting, though Kinsale operates as a carrier with broader geographic reach.
• Coastal Insurance Underwriters: Specialty MGA focused on coastal and high-hazard residential property placements for retail agents, including wind-only and surplus lines property. Highly comparable to Snyder on coastal property specialization, MGA model, and retail-agent channel, making it a close direct peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SnyderSpecialty
• YouTubeyoutube.com/channel/UCxWw_l5R7U2jeh37pUvGZRQ
• Facebookfacebook.com/Snyder-Specialty-LLC-103697954939843
• LinkedInlinkedin.com/company/snyder-specialty-llc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Snyder Specialty