Dallas, February 23, 2021 – Right on the heels of its company launch, Upland Capital Group (“Upland”) has added a new Excess Transportation Liability (XTL) specialty insurance offering targeting fleet sizes up to 250 revenue producing vehicles. Upland will deliver the new product through select wholesale brokers.
Upland will be writing the program in all 50 states on non-admitted paper, rated A-VIII by AM Best. The limits for consideration are up to $5 million (targeting $1 million and $2 million excess limits) and there are no excess attachment point restrictions.
All claims will be handled by a dedicated in-house team led by industry professionals with deep knowledge of the excess transportation market and ties to the company’s leadership.
“This move represents our commitment to building our business with an eye on relationships,” said Upland’s President of Insurance Operations and Chief Underwriting Officer James A. Damonte. “I’ve personally worked with our new team-members and can vouch for their industry knowledge and valuable client connections. Their contributions will make the process seamless which is something I think our select wholesale broker client base will appreciate.”
Upland’s new team, beginning 8 members strong, consists of veterans in the specialty insurance market who have worked together, and with Damonte, for many years. A couple of the initial members include:
• Krysia Alt, Senior Underwriter. Alt joins the Upland team having most recently served as commercial underwriter at Core Programs and was previously an underwriter at Hallmark Financial Services.
• Andrew (Drew) Stock, Vice President. Stock was most recently a vice president at Scion Underwriting Managers and spent significant time as a senior underwriter at Hallmark E&S.
• Mark Grossberg, Vice President. Grossberg will be assisting in the business development for the group and has worked with Damonte for more than ten years.
“I am excited to add this team, and this offering, to our Upland roster,” added Upland Capital Group’s Chairman, President, and Chief Executive Officer Todd Hart. “The way we will become a ‘great company’ is through talent acquisition. We strive to provide an environment that allows underwriters the space to master their crafts, so I predict a long tenure at Upland for this group.”
About Upland Capital Group
Upland Capital Group is an E&S casualty, property, and specialty insurance provider that was founded in 2020. Based in Dallas, Texas, Upland Capital is focused on becoming the most nimble, disciplined, and profitable specialty insurer by building a great company where “we entrepreneurs” can master their underwriting craft. Upland Capital is funded with over a $200 million of equity line by Newlight Partners and executive management.
For more information, please visit www.uplandcapgroup.com.