announced it is more than doubling its in-house individual account coverage limits up to $25 million for its middle-market umbrella insurance program. This new middle-market feature is aimed at leveraging an umbrella program offered by the large account division of the Wausau, Wis.-based firm’s parent company, the Liberty Mutual Group.
Wausau President and Chief Operating Officer Joe Gilles said in a statement that the expanded umbrella limits will make it easier for buyers to achieve the benefits of streamlined negotiation and simplified program management that come from placing their large lead excess with a single insurer. Increasing lead limits, he said, lets Wausau offer buyers a full range of risk solutions from an “A”-rated insurer. The limits are becoming more common, but often require more than one carrier.
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