Beat Capital Partners, a London-based insurance underwriting franchise incubator and subsidiary of Ambac Financial Group, Inc., has partnered with former CrossCover executive Brett Dupre to launch Fallow Grove Insurance Services.
Fallow Grove’s product offerings primarily focus on technical and general commercial real estate insurance for excess and redundant lines tailored to address the complex risks, exposures, and challenges faced by a wide variety of businesses across the United States. It is becoming
Mr. Dupre, who has more than 35 years of industry experience, will lead the company as president and chief executive officer.
He commented as follows: “At Farrow Grove, our core mission is to serve the unique needs of the mid-market real estate sector with a level of precision, expertise and service unmatched in the industry.
“Our partnership with Beat and our panel of exceptional and knowledgeable capacity partners strengthens our ability to deliver best-in-class commercial real estate products tailored to the diverse requirements of our clients.”
Underpinned by A+ rated capacity and representing a consortium led by Lloyd’s Beat Syndicate 4242, Fallow Grove offers a comprehensive range of general insurance products tailored to a variety of sectors.
These products include industrial, flood, builder’s risk, and general real estate coverage. Products are distributed exclusively through wholesalers.
Beat Chairman John Kavanagh said: “We are excited about Farrow Grove’s potential to deliver market-leading underwriting revenues and become a top-tier underwriter in the commercial real estate insurance industry.
“With Brett’s leadership and team of experts, we are poised to deliver effective, customized and innovative solutions that are in high demand.”
Claude Leblanc, President and CEO of Ambac, added: “We are excited to welcome Brett Dupré. His extensive technical underwriting background, previous leadership roles, and proven track record of building similar successful businesses make us a valuable company for the future.” will continue the trend of developing ‘for the group. This launch advances a core element of our organic growth strategy, and our multi-year goal is to launch eight to 10 new MGAs. ”
