Velocity Risk Underwriters
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Velocity Risk Underwriters is now positioned as a tech‑enabled E&S specialty property MGU focused on catastrophe‑exposed commercial property (middle market and small commercial) across the U.S., with strong presence in Florida, Texas and the Southeast, and is part of Ryan Specialty Underwriting Managers. It no longer operates as an active homeowners market. Homeowners status: • Public trade press reports and agency communications confirm that effective May 26, 2023, Velocity Risk ceased writing new homeowners business and began a full exit of all homeowners programs, both admitted and non‑admitted. The company described this as a permanent exit from the homeowners market. • As of the latest corporate and Ryan Specialty materials, Velocity Risk is described only as a specialty property / catastrophe MGU focused on middle market and small commercial property, with no mention of any personal lines or homeowners offerings. Operational guidance for HOME submissions: • New business: Do not submit any new personal homeowners risks to Velocity Risk; the line is closed to new business nationally. • Renewals / in‑force: Existing homeowners books were placed into run‑off beginning in 2023. Any remaining legacy policies should be handled strictly according to carrier‑issued non‑renewal / withdrawal plans and state‑specific regulatory rules. Retail agents should follow the instructions in the policyholder or agency notices rather than standard new‑business channels. • Appetite: There is no current homeowners appetite. All classes of HO (standard, high‑value, coastal, admitted or E&S) should be treated as declined business for placement with Velocity. • Geography: The homeowners exit was not limited to any one state (e.g., Florida) but applied to all Velocity homeowners programs nationally. • Producer instructions: Velocity’s own site stresses that it works directly with brokers/agents and does not solicit from the public, and that some products are surplus‑lines only; however, this now applies to its commercial property offerings, not homeowners. Agents should shift homeowners placements to alternative markets; any questions about residual in‑force policies should go through the contacts or instructions provided in withdrawal / non‑renewal notices. Current focus (for context when you see Velocity on a risk): • Preferred business today is catastrophe‑exposed commercial property (named storm, earthquake, tornado/hail, fire) in middle‑market and small commercial segments, often written on an E&S basis. • Velocity operates nationally with particular depth in FL, TX and the broader Southeast for commercial property. Summary for front‑line use: Treat Velocity Risk Underwriters as a commercial E&S catastrophe property MGU only. Do not route or market any new or renewal homeowners accounts to Velocity; consider the line fully closed and in run‑off, and follow existing carrier notices for any legacy policies still on the books.