First Indemnity boosts MGA capacity with Knight Specialty

Specialty insurance agency First Indemnity Insurance Group continues to boost its underwriting capacity as it inked an agreement with California-based Knight Specialty Insurance Company, a member of the Hankey Group and an AM Best Rated A (excellent) carrier.

A release from the company said the addition of Knight Specialty Insurance marks First Indemnity’s fifth general agency contract since the termination of its relationship with Skyward Specialty Insurance Group in 2020.

 With this new capacity agreement, First Indemnity will be able to include Knight Specialty’s excess professional liability, miscellaneous professionals’ and accountants’ professional liability business lines to its roster, expanding its MGA capacity.

“At First Indemnity, we are committed to building solutions for our clients that address their needs, be they existing or emerging,” said John Randolph, assistant vice president of First Indemnity. “Our partnership with Knight Specialty Insurance Company will help us strengthen both our exceptional underwriting capacity and our business relationships as we continue to adapt to industry realities and the risk mitigation needs of our clients.”

Founded in 1989, First Indemnity is a specialty insurance agency that provides professional liability products to lawyers and law firms. It is an AM Best Rated PA-3 (strong) company led by a seasoned team of insurance professionals, including in-house underwriters. Last year, it launched special insurance coverage aimed at assisting law firms that are seeking higher limits or that may be carrying inadequate coverage.

“The world is an increasingly complicated place, and the risks law firms are facing are considerable and increasing,” Randolph said in 2021. “First Indemnity’s Law Firm Excess Protect can help close coverage gaps for firms that aren’t carrying adequate coverage or those that need higher coverage limits due to the challenges and risks associated with running a modern law firm.”