Jupiter Underwriting Group
Jupiter Underwriting Group is a Florida-based Managing General Agent founded in 2019 that underwrites admitted umbrella and follow-form excess liability coverage for middle market commercial businesses, representing Indemnity National Insurance Company (Best's A-VIII) across 42 states.
- Company typePrivate
- Founded2019
- HeadquartersJupiter, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Jupiter Underwriting Group does
Jupiter Underwriting Group is a Florida-based Managing General Agent (MGA) founded in 2019 by David Folkes and Dennis Burton, specializing in admitted umbrella and follow-form excess liability coverage for middle market commercial businesses. The company operates exclusively as an agent for Indemnity National Insurance Company (INIC), an AM Best A-VIII rated admitted carrier, offering up to $5,000,000 in capacity across its two core products — Lead Umbrella Coverage and Follow Form Excess Liability Coverage — with a $5,000 minimum premium on a $1MM limit and no fleet size limitations on excess auto. Target verticals span manufacturing, fabrication, contractors (specialty, service, artisan, janitorial), hospitality, real estate, oil and gas specialty contractors, trucking and logging, retail, wholesale, and special events, distributed through licensed independent insurance brokers across 42 approved states.
The company's go-to-market is entirely broker-driven: independent retail and wholesale insurance agents submit commercial umbrella and excess risks on behalf of their middle market clients, with Jupiter providing case-by-case "source underwriting" decisions. Pricing is quote-based and not publicly disclosed; the underlying revenue model is commission-based, with Jupiter earning MGA commissions on the premium it underwrites and administers on INIC's behalf. No proprietary technology platform, AI/ML capability, or digital underwriting portal is disclosed — the company's value proposition rests on admitted paper capacity, A-VIII financial strength, multi-state licensing, and the underwriting experience of a leadership team drawn from ACE/Chubb, Navigators, AIG, Zurich, Marsh & McLennan, and Selective Insurance.
In April 2026, Jupiter was acquired by DOXA, an Indiana-headquartered specialty insurance firm pursuing expansion in specialty casualty. Following the acquisition, founders Folkes and Burton continue to lead Jupiter while contributing strategic support to DOXA's broader platform, which includes DOXA Programs, LLC and DOXA Claims, LLC. The firm employs approximately 11–50 professionals and operates without disclosed funding rounds or institutional investment.
Jupiter Underwriting Group firmographics
Firmographics- Name
- Jupiter Underwriting Group
- Legal name
- Jupiter Underwriting Group
- Website
- https://jupiterug.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Jupiter Underwriting Group is a Florida-based Managing General Agent founded in 2019 that underwrites admitted umbrella and follow-form excess liability coverage for middle market commercial businesses, representing Indemnity National Insurance Company (Best's A-VIII) across 42 states.
- Ownership category
- akta.pro rank
Jupiter Underwriting Group industry classification
Industry- Product category
- Commercial Umbrella Insurance
- NAICS
- Other Insurance Related Activities (52429), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Commercial Excess Liability (Large Accounts) (FSAJANAG)
Keywords
Where Jupiter Underwriting Group is headquartered
LocationHeadquarters
- HQ city
- Jupiter
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Jupiter Underwriting Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- MGA Underwriting Commission: As a Managing General Agent, Jupiter Underwriting Group earns commissions for underwriting and administering insurance policies on behalf of Indemnity National Insurance Company (INIC). The company specializes in admitted umbrella and follow-form excess liability coverage for middle market commercial risks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Lead Umbrella and Follow Form Excess Liability coverage |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Jupiter Underwriting Group product offering
Product offeringCore offering
Jupiter Underwriting Group is a Florida-based Managing General Agent (MGA) that underwrites admitted umbrella and follow-form excess liability insurance on behalf of Indemnity National Insurance Company (INIC, Best's A-VIII rated). The firm provides up to $5,000,000 in coverage capacity for middle market commercial businesses across 42 states.
Product overview
Jupiter Underwriting Group is a Florida-based Managing General Agent (MGA) offering a unified portfolio of two complementary commercial casualty insurance products: Lead Umbrella Coverage and Follow Form Excess Liability Coverage. Both products are underwritten through its partnership with Indemnity National Insurance Company (INIC), an A-VIII Best's rated admitted carrier. The company provides up to $5,000,000 total capacity across these lines, targeting middle market commercial businesses across 42 states. The minimum policy premium is $5,000 for a $1,000,000 limit. Coverage spans diverse industries including manufacturing, fabrication, contractors, special events, retail, wholesale, restaurants, and bars/taverns.
Differentiator
Problem solved
Functional benefit
Products and services
- Lead Umbrella Coverage Admitted umbrella liability insurance offering up to $5,000,000 in coverage capacity for middle market commercial businesses, underwritten on behalf of Indemnity National Insurance Company (INIC).
- Follow Form Excess Liability Coverage Follow-form excess liability insurance that sits above underlying primary casualty limits, providing additional capacity up to $5,000,000 for middle market commercial businesses across 42 states.
Companies that use Jupiter Underwriting Group
Customer profileSegments5 records
Ideal customer profiles1 record
Jupiter Underwriting Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Jupiter Underwriting Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Indemnity National Insurance Company (INIC)coreJupiter Underwriting Group is a Managing General Agent representing Indemnity National Insurance Company (Best's A-VIII rated, admitted) for umbrella and follow-form excess liability coverage. INIC provides the financial strength and regulatory approval for Jupiter to underwrite and administer insurance policies. Primary carriers must have Best's A-6 or better for follow-form coverage.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Jupiter Underwriting Group competitors and assessment
Company assessmentBroad incumbents
- Amwins: Major wholesale brokerage and specialty MGA with extensive excess casualty and umbrella offerings. Provides broader product portfolio and deeper broker relationships than Jupiter, representing a competitive benchmark for the same middle-market commercial segment.
- RPS (Ryan Specialty): Specialty insurance organization combining wholesale brokerage with multiple MGA platforms, including excess casualty offerings. Larger and more diversified than Jupiter, competing for the same middle-market umbrella placements through wholesale distribution.
- Kinsale Capital Group: Large specialty E&S insurer with significant excess casualty and umbrella business. While Kinsale is a carrier rather than an MGA, it directly competes for the same middle-market excess liability submissions through wholesale brokers.
- Burns & Wilcox: Largest specialty insurance MGA/wholesale brokerage in North America, offering umbrella and excess casualty capacity across many admitted and non-admitted paper. Competes with Jupiter for the same broker submissions but at significantly greater scale.
- CRC Insurance Services: Major wholesale brokerage and specialty MGA platform with significant excess and umbrella casualty offerings. Competes directly with Jupiter for middle-market commercial broker submissions and offers broader carrier and product access.
Direct peers
- James River Insurance Company: Specialty E&S carrier/MGA platform with significant excess and umbrella liability business for middle-market commercial accounts. Directly competes for the same broker submissions and underwrites similar contractor, hospitality, and real estate risks.
- Capstone Underwriters: Specialty MGA focused on commercial umbrella and excess casualty placements for middle-market risks, with similar broker-distributed model and admitted-paper carrier partnerships. Highly comparable in product mix, target customer, and distribution approach.
- Skyward Specialty Insurance Group: Specialty insurance company with a growing MGA platform offering excess casualty and umbrella coverage for middle-market commercial risks. Similar target customer profile and broker-distributed model, with broader product diversification.
- Velocity Risk Underwriters: Specialty MGA offering excess and surplus casualty lines through wholesale brokers, with focus on middle-market commercial umbrella and excess liability. Comparable in size, target segment, and broker distribution.
Others
- DOXA: Parent company and acquirer of Jupiter Underwriting Group since April 2026. DOXA is a specialty insurance firm pursuing growth in specialty casualty, making it the corporate parent rather than a competitor, but its broader MGA platform provides context for Jupiter's strategic positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks7 records
Key highlights5 records
Customer concentration
Jupiter Underwriting Group social profiles
Digital presenceJupiter Underwriting Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jupiter Underwriting Group leadership team
Management profileNumber of profiles
Jupiter Underwriting Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jupiter Underwriting Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jupiter Underwriting Group
What does Jupiter Underwriting Group do?
Jupiter Underwriting Group is a Florida-based Managing General Agent (MGA) that underwrites admitted umbrella and follow-form excess liability insurance on behalf of Indemnity National Insurance Company (INIC, Best's A-VIII rated). The firm provides up to $5,000,000 in coverage capacity for middle market commercial businesses across 42 states.
Is Jupiter Underwriting Group a public or private company?
Jupiter Underwriting Group is a private company. It is classified as corporate owned and is currently acquired.
When was Jupiter Underwriting Group founded?
Jupiter Underwriting Group was founded in 2019. It employs 11 to 50 people.
Where is Jupiter Underwriting Group based?
Jupiter Underwriting Group is headquartered in Jupiter, United States, in the North America region.
How does Jupiter Underwriting Group make money?
One revenue line is on record: MGA Underwriting Commission.
Who are Jupiter Underwriting Group's main competitors?
Broad incumbents on record are Amwins, RPS (Ryan Specialty), Kinsale Capital Group, Burns & Wilcox and CRC Insurance Services. Direct peers are James River Insurance Company, Capstone Underwriters, Skyward Specialty Insurance Group and Velocity Risk Underwriters. DOXA is listed as an others.
Does Jupiter Underwriting Group have an API?
No public API is recorded for Jupiter Underwriting Group.
What industry is Jupiter Underwriting Group in?
Jupiter Underwriting Group's product category is Commercial Umbrella Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAJANAG, Commercial Excess Liability (Large Accounts). Its NAICS code is 52429 and its SIC code is 6411.