The GMAC Insurance Group in Detroit said it will start up an excess and surplus lines property business at the beginning of next year.

The operation will focus specifically on large property schedules and complex risks that are difficult to place in the traditional market.

Starting Jan. 1, Strategic Risk Specialists will become a business unit of GMAC RE Corp., which is based in Mt. Laurel, N.J.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.