Excess Underwriting
- Company typePrivate
- Founded2008
- HeadquartersMarkham, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
Excess Underwriting firmographics
Firmographics- Name
- Excess Underwriting
- Legal name
- Towerhill Insurance Underwriters Inc. o/a Excess Underwriting
- Website
- https://excessunderwriting.ca
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Excess Underwriting industry classification
Industry- Product category
- Specialty Insurance Underwriting (Managing General Agent)
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)
- akta.pro secondary industries
- Excess Casualty (Lead/Umbrella/XS) (FSAJAGAA), Excess Liability Insurance (FSAJANAC), Commercial Umbrella / Excess Liability (FSAJADAL)
Keywords
Where Excess Underwriting is headquartered
LocationHeadquarters
- HQ city
- Markham
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Excess Underwriting business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Insurance Premium Revenue: Excess Underwriting earns revenue by underwriting insurance policies and collecting premiums from policyholders through its broker network. As an MGA, the company binds coverage and earns underwriting profit while transferring risk to insurer partners and Lloyd's syndicates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Canadian Automotive Insurance Program (CAIP) for auto repair garages |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Excess Underwriting product offering
Product offeringCore offering
Excess Underwriting is a Canadian Managing General Agent and Lloyd's Coverholder/Broker that underwrites and binds specialty and non-standard commercial and personal lines insurance products on behalf of insurer partners and Lloyd's syndicates. The company distributes exclusively through independent retail insurance brokers across Canada, providing access to capacity and coverage solutions for complex, hard-to-place, or capacity-strained risks that standard insurers decline or limit.
Product overview
Excess Underwriting is a Canadian Managing General Agent (MGA) offering a diversified portfolio of commercial and personal lines insurance products through broker partners. The product portfolio includes: DealerSure for automotive dealers, Commercial Property & Liability, Construction Risks, Professional Indemnity, Specialty Coverages, Personal Lines, GameDay Sports and Recreation for amateur sports organizations, the Canadian Automotive Insurance Program (CAIP) for auto repair shops, Trade Credit and Political Risk Insurance, Excess Liability Facility, Cyber Insurance, and Habitational Coverage. The company operates as a coverholder at Lloyd's and broker at Lloyd's, providing capacity and access to specialty and non-standard risk markets that traditional insurers may decline.
Differentiator
Problem solved
Functional benefit
Brands
- DealerSure: Insurance program for automobile dealers
- GameDay – Sports and Recreation
- Canadian Automotive Insurance Program (CAIP)
Products and services
- DealerSure Automotive dealer insurance program providing coverage for motor vehicle dealerships across Canada, covering property, garage automobile, and liability exposures for dealers.
- Commercial Property & Liability Commercial property and general liability insurance coverage for businesses with complex or non-standard risk profiles, distributed through retail broker partners.
- Construction Risks Insurance coverage designed for construction industry risks and contractor needs, spanning contractor and project-owner exposures through all construction project stages.
- Professional Indemnity Professional liability insurance (errors and omissions / malpractice coverage) for professionals seeking protection against claims arising from professional services.
- Specialty Coverages Non-standard and specialized insurance coverages for unique risk exposures that do not fit standard market templates; serves brokers and their commercial clients with capacity for hard-to-place risks.
- Personal Lines Personal lines insurance products covering individual and family needs, distributed through the broker channel for non-standard personal exposures.
- GameDay – Sports and Recreation Specialty insurance coverage for Canadian amateur sport and recreation marketplace covering sporting and leisure events, participants insurance, associated travel, and entertainment risks.
- Canadian Automotive Insurance Program (CAIP) Purpose-built comprehensive insurance solution for automobile and truck repair garages across Canada, integrating Property, Garage Automobile, and Commercial General Liability coverages under one policy, with $5M third-party liability limit and replacement cost property coverage; target premiums starting at $10,000 for established repair garages and body shops.
- Trade Credit and Political Risk Insurance Insurance protection for businesses against non-payment of receivables and political risks, offered to small and medium enterprises through the broker channel in partnership with Elevate Global Insurance.
- Excess Liability Facility Excess umbrella liability coverage providing additional limits above primary Commercial General Liability policies for complex commercial risks, paired with expanded property limits.
Quantifiable outcome
- Can write across most Canadian jurisdictions (excluding Quebec, NWT, Nunavut)
- +2 more outcomes
Companies that use Excess Underwriting
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles3 records
Excess Underwriting technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Excess Underwriting partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Elevate Global InsurancecoreExcess Underwriting partnered with Elevate Global Insurance to offer Trade Credit Insurance to small businesses, making coverage more accessible, affordable, and easier to obtain for SMEs seeking protection for their receivables.
- GameDay InsurancecoreGameDay Insurance, originally a stand-alone Gallagher MGA, was aligned to report directly into Excess Underwriting in February 2022. The combined offering, branded as GameDay: Sports and Recreation, addresses coverage gaps in the Canadian amateur sport and recreation marketplace.
- London Lloyd's SyndicatescoreExcess Underwriting provides lead or follow capacity through London Syndicate(s) for property coverage, with the ability to write up to 20% of total risk and maximum participation of $10M per risk for buildings under $50M Total Insured Value.
- Core UnderwritingminorExcess Underwriting announced merger with Core Underwriting in August 2022, combining underwriting capabilities and expanding product offerings for broker partners.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Excess Underwriting competitors and assessment
Company assessmentBroad incumbents
- Lloyd's of London: The London specialty insurance marketplace whose syndicates provide Excess Underwriting with its core capacity and regulatory franchise as a Coverholder. Direct upstream counterparty and a broader market into which Excess places and from which it sources E&S risk capacity.
- Markel Canada: Specialty insurer with a Canadian operations arm writing complex liability, property, and program business through wholesale and retail brokers. Comparable specialty/E&S overlap with Excess but at much greater scale and balance sheet capacity.
- Northbridge Insurance (Northbridge Financial): Canadian commercial P&C insurer writing mid-market and specialty business through broker distribution. Comparable broker-distributed Canadian commercial market presence to Excess, but at meaningfully greater scale and broader product breadth.
- Arch Insurance Canada: Canadian branch of a global specialty P&C insurer writing commercial, excess, and program business through wholesale and retail brokers. Overlaps with Excess on commercial excess liability and specialty programs, but operates as a direct carrier rather than an MGA.
Direct peers
- Burns & Wilcox: Wholesale insurance brokerage specializing in excess & surplus (E&S) lines, placing complex and non-standard risks through retail broker partners. Highly comparable to Excess Underwriting's MGA/Lloyd's broker model and broker-only distribution across North America.
- Beacon Underwriters: Canadian managing general agent (MGA) offering specialty commercial and personal lines distributed exclusively through retail brokers. Directly comparable business model and Canadian MGA positioning to Excess.
- Risk Placement Services (RPS): One of the largest North American wholesale brokers and MGAs placing specialty, E&S, and excess liability business on behalf of retail brokers through delegated authority arrangements. Operates an MGA platform similar to Excess and serves the same broker-distributed Canadian/U.S. specialty market.
- XS Brokers Brokerage Inc. Canadian wholesale insurance brokerage focused on excess and surplus lines for complex commercial risks, distributing exclusively through retail brokers. Operates in the same Canadian E&S wholesale brokerage category as Excess Underwriting.
- Victor Insurance (Canada): Managing general agent platform operating inside Marsh, underwriting and administering specialty commercial programs distributed through retail brokers. Directly comparable to Excess as a broker-distributed Canadian specialty MGA with global broker backing.
- Trisura Guarantee Insurance Company: Canadian specialty insurance carrier/MGA group writing surety, commercial, and warranty risks with broker distribution across Canada. Comparable to Excess as a Canadian specialty risk underwriter serving brokers across multiple niche lines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Excess Underwriting social profiles
Digital presenceExcess Underwriting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Excess Underwriting leadership team
Management profileNumber of profiles
Profiles5 records
Excess Underwriting subsidiaries and ownership
Company hierarchySubsidiaries2 records
Excess Underwriting funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Excess Underwriting 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 Excess Underwriting
What does Excess Underwriting do?
Excess Underwriting is a Canadian Managing General Agent and Lloyd's Coverholder/Broker that underwrites and binds specialty and non-standard commercial and personal lines insurance products on behalf of insurer partners and Lloyd's syndicates. The company distributes exclusively through independent retail insurance brokers across Canada, providing access to capacity and coverage solutions for complex, hard-to-place, or capacity-strained risks that standard insurers decline or limit.
Is Excess Underwriting a public or private company?
Excess Underwriting is a private company. It is classified as corporate owned and is currently operating.
When was Excess Underwriting founded?
Excess Underwriting was founded in 2008. It employs 11 to 50 people.
Where is Excess Underwriting based?
Excess Underwriting is headquartered in Markham, Canada, in the North America region.
How does Excess Underwriting make money?
One revenue line is on record: insurance Premium Revenue.
Who are Excess Underwriting's main competitors?
Broad incumbents on record are Lloyd's of London, Markel Canada, Northbridge Insurance (Northbridge Financial) and Arch Insurance Canada. Direct peers are Burns & Wilcox, Beacon Underwriters, Risk Placement Services (RPS), XS Brokers Brokerage Inc., Victor Insurance (Canada) and Trisura Guarantee Insurance Company.
Does Excess Underwriting have an API?
No public API is recorded for Excess Underwriting.
What industry is Excess Underwriting in?
Excess Underwriting's product category is Specialty Insurance Underwriting (Managing General Agent). Its primary akta.pro industry code is FSAEADAD, Wholesale Insurance Brokerage (Excess & Surplus Lines), with a secondary code of FSAJAGAA, Excess Casualty (Lead/Umbrella/XS). Its NAICS code is 5242 and its SIC code is 6411.