PURE Specialty Exchange (PSE), the specialty surplus lines insurance carrier dedicated to providing PURE members and other responsible, high net worth families with solutions for their complex exposures has expanded its High Value Homeowners coverage to Connecticut and Rhode Island.
The product is designed for homes requiring up to $75M in coverage, including:
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homes in coastal areas or those exposed to high-frequency weather events
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short-term rentals
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homes with unique construction
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homes with prior losses
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other complex or non-traditional risk profiles that increasingly fall outside of the appetite of admitted carriers
As risk complexity grows—particularly for high-value properties in vulnerable geographies—non-admitted solutions remain a critical tool for delivering tailored coverage, maintaining access to capacity, and supporting long-term market resilience.
“The expansion of our E&S capacity reflects our commitment to providing flexible, forward-looking solutions for UHNW clients with complex risk profiles,” said Patty Quina, SVP of E&S Underwriting. “As traditional carriers continue to recalibrate their exposure, this additional capacity enables us to better serve properties in high-exposure regions—especially where admitted options are limited—while maintaining the underwriting discipline and customization this segment expects.”
PSE is a reciprocal exchange in which:
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Members (policyholders) help efficiently grow the carrier’s surplus through surplus contributions (a small fee that is paid in addition to their premium). This helps reduce PSE’s cost of capital and resulting premiums over time.
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Members appoint an Attorney-in-Fact to manage day-to-day insurance operations. PSE’s Attorney-in-Fact is PURE Specialty Risk Management, LLC.
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Underwriting profits or other surplus gains may be allocated to Member Savings Accounts held in the name of each active member.
Additionally, members have access to the same claims, risk management, Member Advocate and service resources as PURE. This includes alerts from the PURE Situation Room, an always-on resource that keeps them informed about risk and how to reduce it.
In addition to these new states, PSE’s High Value Homeowners coverage is available in Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Louisiana, Massachusetts, Mississippi, Montana, North Carolina, New Jersey, New York, South Carolina, Texas, Utah and Wyoming.