AmRisc, a prominent subsidiary of CRC Group based in Alabama and Truist Insurance Holdings, has officially launched a new reciprocal exchange, marking a significant move in the commercial excess and surplus (E&S) property market. This new initiative, named Calais Reciprocal Insurance Exchange, began operations in key states including Florida, Georgia, Alabama, California, and Colorado, with plans to expand further.

The reciprocal exchange is domiciled in Illinois, and according to company representatives, it intends to eventually operate nationwide across all 50 states once licensing processes are finalized. The launch has been supported by initial funding of approximately $100 million, which positions the exchange for future growth and stability.

“We are excited to introduce Calais Reciprocal Insurance Exchange, which will complement our extensive network of high-quality carrier partners,” said Brian Reid, CEO of AmRisc. “This new venture strengthens our ability to serve the coastal commercial E&S property market—a sector we have supported for more than 25 years.”

AmRisc has been appointed as the exclusive managing agent for the Calais Reciprocal Insurance Exchange. In terms of financial strength, the AM Best rating agency has awarded Calais an A- (Excellent) rating, providing confidence in the exchange’s long-term viability.

Headquartered in the Houston area, AmRisc is recognized as one of the largest managing general agents (MGAs) with a focus on catastrophic (cat) risks. The company has carved a niche for itself by specializing in underwriting coastal commercial property, and it has maintained an impressive track record of more than $2 billion in excess and surplus annual written premiums since its founding in 2000.

Through this new reciprocal exchange, AmRisc aims to extend its reach and further solidify its position in the E&S market by diversifying its offerings and enhancing its capacity to serve clients in coastal regions.