xpt
XPT Group LLC is a U.S. specialty insurance wholesale distribution platform, operating XPT Specialty wholesale brokerage and Platinum Specialty Underwriters MGU/MGA programs across trucking, hospitality, construction, property, flood and other hard-to-place lines. It serves independent retail insurance agents through 22 offices nationwide and writes over $550 million in GWP.
- Company typePrivate
- Founded2017
- HeadquartersPlano, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What xpt does
XPT Group LLC, formed in 2017 and headquartered in Plano, Texas, is a specialty insurance distribution platform that operates two integrated pillars: XPT Specialty, a wholesale brokerage and binding firm connecting independent retail agents with specialty and excess & surplus (E&S) markets across dozens of commercial and personal lines; and Platinum Specialty Underwriters, a Managing General Underwriter (MGU) and program platform that develops and manages binding-authority programs for hard-to-place risks including trucking, hospitality, construction, property, environmental and flood. The company distributes through 22 U.S. offices and a portfolio of acquired brands (WSS, W.E. Love, SVA, Sierra Specialty, LP Risk, S&H Underwriters, Klein & Costa, IPC, Houston Surplus Lines, WestPro, Flood Risk Solutions) alongside proprietary programs (Platinum Excess Trucking, Platinum Property Program, Sierra Farm, Gambit Re). Underlying technology consists of a tech-enabled distribution stack that supports expert underwriters and brokers with quoting, binding, claims management, loss inspection and actuarial analysis, including Flood Risk Solutions' proprietary first-to-market flood multi-rater integration platform developed in 2018.
XPT earns revenue primarily through wholesale brokerage commissions on placed premiums and through MGA/MGU underwriting fees, binding fees, and profit participation on programs it manages, with the recent launch of Gambit Risk Finance (Gambit Re) extending economics into reinsurance. The GTM motion is sales-led and relationship-driven: growth is generated by acquiring specialty wholesale and underwriting businesses, hiring established producer teams with books of business, and launching new MGA programs rather than building consumer-facing channels. Customers are independent retail insurance agents and brokers (B2B SMBs) across the United States seeking access to specialty markets; coverage verticals span trucking/transportation, construction, hospitality (bars/taverns/restaurants), agriculture, environmental, flood, personal lines, professional lines and workers' compensation. The company is privately held, with B.P. Marsh & Partners Plc (AIM: BPM) as a long-standing institutional investor holding a 32.2% stake following the 2019 Madison Capital Funding round, and reports over $550 million in Gross Written Premium.
xpt firmographics
Firmographics- Name
- xpt
- Legal name
- XPT Group LLC
- Website
- https://xptholdco.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Short description
- XPT Group LLC is a U.S. specialty insurance wholesale distribution platform, operating XPT Specialty wholesale brokerage and Platinum Specialty Underwriters MGU/MGA programs across trucking, hospitality, construction, property, flood and other hard-to-place lines. It serves independent retail insurance agents through 22 offices nationwide and writes over $550 million in GWP.
- Ownership category
- akta.pro rank
xpt industry classification
Industry- Product category
- Specialty Insurance Distribution
- NAICS
- Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)
Keywords
Where xpt is headquartered
LocationHeadquarters
- HQ city
- Plano
- HQ country
- United States
- HQ region
- North America
Offices18 records
Markets served
xpt business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Wholesale Brokerage Commissions: XPT operates as a specialty insurance wholesale distribution platform earning commissions from placing insurance products for retail agents through carrier relationships.
- MGA Program Administration: Managing General Agency operations through Platinum Specialty Underwriters, managing binding authority programs and earning underwriting profits from specialty lines including trucking, property, construction, and hospitality.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
xpt product offering
Product offeringCore offering
XPT Group LLC operates a specialty insurance wholesale distribution platform for Property and Casualty risks, serving retail insurance agents and brokers. Through its two core platforms, XPT Specialty (wholesale brokerage and binding authority) and Platinum Specialty Underwriters (MGA/MGU underwriting), the company places specialty and excess & surplus lines coverage and develops binding authority programs across trucking, construction, hospitality, environmental, property, agribusiness, and flood insurance. XPT writes over $550 million in Gross Written Premium and supports retail agents through tech-enabled quoting, binding, issuing, and payment workflows.
Product overview
XPT is a specialty insurance distribution platform formed in 2017 that operates as a platform-plus-partners model. The company brings together underwriting and wholesale brokerage firms across many specialty lines through acquisitions and new product development. XPT Specialty serves as the core wholesale brokerage and binding platform, while Platinum Specialty Underwriters functions as the MGU/MGA component focused on challenging and hard-to-insure risks. The portfolio includes acquired brands (WSS, Sierra Specialty, LP Risk, SVA, WEL, S&H Underwriters, Klein & Costa, IPC, WestPro, and Flood Risk Solutions) along with proprietary programs like Platinum Excess Trucking, Platinum Property Program, and Gambit Re reinsurance vehicle. The company writes over $550 million in Gross Written Premium (GWP) across specialty lines including trucking, transportation, environmental, bars/taverns, construction, personal lines, and flood insurance.
Differentiator
Problem solved
Functional benefit
Brands
- XPT Specialty: Wholesale brokerage and binding firm connecting insurance professionals with specialized solutions across multiple industries
- Platinum Specialty Underwriters
- Western Security Surplus (WSS)
- XPT Transportation
- Flood Risk Solutions (FRS)
- WestPro Insurance Services
- Sierra Specialty
- Platinum Excess Trucking
- Platinum Property Program
- Gambit Risk Finance (Gambit Re)
- Sierra Farm
Products and services
- XPT Specialty Wholesale Brokerage Platform Wholesale brokerage and binding firm that connects retail insurance agents with specialized property and casualty solutions across multiple specialty lines through strong market relationships and a client-first approach.
- Platinum Specialty Underwriters MGA/MGU Platform Managing General Underwriter platform that brings creative insurance solutions to unique and challenging risks, combining expert underwriting, claims management, loss inspection, and actuarial analysis on leading service technology.
- Flood Risk Solutions (FRS) Technology-driven MGA offering comprehensive flood insurance products and custom parametric insurance solutions with proprietary first-to-market flood multi-rater technology enabling seamless quoting, binding, issuing, and payment for brokers.
- Platinum Excess Trucking Managing General Underwriter specializing in Excess Liability for trucking and specialty auto accounts, focusing primarily on smaller to mid-size accounts with capacity for larger accounts within underwriting guidelines.
- Platinum Property Program Property insurance solutions for commercial real estate, hospitality, habitational, retail, and service-related risks throughout the United States, led by Managing Director Bryan McGarry and CUO Adam Berger.
- Gambit Risk Finance (Gambit Re) Reinsurance vehicle founded by Platinum executives to support Platinum Specialty Underwriters' programs and enable broader reinsurance market participation through strategic partnerships.
Quantifiable outcome
- Over $550 million in Gross Written Premium
- +1 more outcomes
Companies that use xpt
Customer profileNamed customers1 record
Segments6 records
Ideal customer profiles1 record
xpt technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
xpt partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered strategic and core.
- Flood Risk Solutions, Inc.strategicXPT Specialty acquired Flood Risk Solutions, Inc. (FRS), a technology-driven MGA specializing in flood insurance and custom parametric solutions. Founded in 2017 by Brendan Moeller and Eugene Podokshik, FRS offers proprietary multi-rater technology for flood insurance quoting and binding.
- S&H UnderwritersstrategicWestern Security Surplus (WSS) acquired S&H Underwriters, a Vermont-based MGA and surplus lines broker founded in 1998. The acquisition expanded WSS-XPT into New England and the Mid-Atlantic States, providing insurance solutions for excess, surplus lines and specialty insurance.
- ObsidianstrategicWestPro Insurance Services partnered with Obsidian, an A.M. Best rated 'A-' hybrid fronting program carrier, for bar, tavern and restaurant coverage. The partnership brings together underwriting, technical and operational expertise of a program administrator with a next generation fronting carrier and top tier reinsurance partners.
- Sierra Specialty Insurance Services Inc.coreXPT acquired Sierra Specialty, an MGA and wholesale broker based in Fresno, California specializing in agribusiness, P&C brokerage, transportation, garage, and general authority underwriting. Led by Kathy Schroeder and Mark Schroeder, Sierra continues to operate under its established brand.
Scale indicators5 records
Recent moves9 records
Expansion highlights6 records
xpt competitors and assessment
Company assessmentBroad incumbents
- AmWins Group: AmWins is the largest US specialty wholesale distributor and MGU/MGA platform, offering brokerage, binding authority, and program business across property, casualty, and specialty lines. Multiple XPT executives (Mark Smith, others) came from AmWins, making it the closest structural and operational analogue, though at materially larger scale.
Direct peers
- RPS (Risk Placement Services): RPS is a specialty wholesale brokerage and MGA platform owned by Arthur J. Gallagher, distributing E&S and specialty coverages to retail agents across the US. Directly comparable to XPT Specialty's wholesale brokerage and binding authority operations across similar specialty lines.
- CRC Group: CRC Group is a US specialty wholesale brokerage and MGA platform serving retail agents with E&S and specialty products across multiple industries. Highly comparable business model to XPT Specialty, with parallel focus on producer-driven specialty distribution.
- Burns & Wilcox: Burns & Wilcox is a national specialty insurance wholesaler and MGA focused on commercial and personal specialty lines for retail agents. Operates with a similar producer-driven, multi-specialty model to XPT Specialty.
- Brown & Riding Insurance Services: Brown & Riding is a privately held specialty wholesale brokerage and MGA offering E&S placement across property, casualty, and professional lines. Comparable to XPT in scale and specialty focus, with similar acquisition history.
- NSM Insurance Group: NSM Insurance Group is a specialty insurance program manager and MGA focused on niche commercial and personal lines distributed through retail agents. Directly comparable to Platinum Specialty Underwriters' program-driven MGU model.
- All Risks, Ltd. All Risks is a national specialty wholesale broker and MGA offering E&S and admitted solutions across personal and commercial lines. Operates with a similar multi-office, multi-specialty structure to XPT Specialty.
Emerging players
- Keystone Agency Partners: Keystone is a platform company that acquires and partners with specialty independent insurance agencies and wholesalers across the US. Closely parallels XPT's roll-up, partnership-style acquisition strategy in specialty distribution.
- Arcana Insurance Services: Arcana is a specialty wholesale broker and MGA focused on commercial and personal lines E&S placement for retail agents. Comparable in business model but smaller in scale than XPT Specialty.
- Velocity Risk Underwriters: Velocity Risk is a specialty MGU/MGA platform providing binding authority solutions across multiple specialty lines through wholesale distribution. Comparable to Platinum Specialty Underwriters' program business with overlap in property and specialty programs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
xpt social profiles
Digital presencexpt financial estimates
Financial estimateRevenue estimate
Valuation estimate
xpt leadership team
Management profileNumber of profiles
Profiles11 records
xpt subsidiaries and ownership
Company hierarchySubsidiaries15 records
xpt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
xpt 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 xpt
What does xpt do?
XPT Group LLC operates a specialty insurance wholesale distribution platform for Property and Casualty risks, serving retail insurance agents and brokers. Through its two core platforms, XPT Specialty (wholesale brokerage and binding authority) and Platinum Specialty Underwriters (MGA/MGU underwriting), the company places specialty and excess & surplus lines coverage and develops binding authority programs across trucking, construction, hospitality, environmental, property, agribusiness, and flood insurance. XPT writes over $550 million in Gross Written Premium and supports retail agents through tech-enabled quoting, binding, issuing, and payment workflows.
Is xpt a public or private company?
xpt is a private company. It is classified as venture growth investor backed and is currently operating.
When was xpt founded?
xpt was founded in 2017.
Where is xpt based?
xpt is headquartered in Plano, United States, in the North America region.
How does xpt make money?
Two revenue lines are on record. Wholesale Brokerage Commissions are the primary driver. The others are MGA Program Administration.
Who are xpt's main competitors?
AmWins Group is listed as a broad incumbent. Direct peers are RPS (Risk Placement Services), CRC Group, Burns & Wilcox, Brown & Riding Insurance Services, NSM Insurance Group and All Risks, Ltd.. Emerging players are Keystone Agency Partners, Arcana Insurance Services and Velocity Risk Underwriters.
Does xpt have an API?
No public API is recorded for xpt.
What industry is xpt in?
xpt's product category is Specialty Insurance Distribution. Its primary akta.pro industry code is FSAEADAD, Wholesale Insurance Brokerage (Excess & Surplus Lines). Its NAICS code is 524210 and its SIC code is 6411.