A cannabis insurance group has expanded its cover and added a managing general agent. Garnet Underwriting Managers (GUM), the managing general underwriter assigned to manage Garnet Casualty Insurance Corporation, has signed Pennsylvania-based Conway E&S as its first managing general agent. The company said it was a “significant step” in the advancement of its cannabis insurance offerings.
The company has also announced an indoor-grow offering of insurance products as an enhancement to its offerings available to partners in the National Cannabis Risk Management Association (NCRMA). The products are offered through brokers who are members of the NCRMA’s appointed broker program, which was launched to provide NCRMA members with access to qualified and vetted cannabis insurance agents. There are currently 15 appointed brokers in the program, with several others under review.
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