Propriety Insurance Advisors has formed a strategic partnership with Grid151 to expand the use of title reinsurance programmes within captive insurance vehicles, targeting institutional real estate investors and operators. Under the collaboration, Propriety will embed Grid151’s title reinsurance capabilities into captives owned by real estate-focused organisations. The move is designed to help clients reduce transaction-related costs while maintaining the protection offered by traditional title insurance policies. The companies say the partnership will help redefine risk management for commercial property transactions, allowing clients to benefit from cost efficiency and greater flexibility. The initiative is intended to support institutional investors in leveraging captive models for enhanced control and pricing advantages in title insurance. John Philipchuck, founder and CEO at Propriety, says: “We are excited to join forces with Grid151 to deliver innovative title insurance solutions tailored to the unique needs of the real estate industry. “Our combined expertise will provide clients with unmatched protection and strategic advantages in today’s challenging insurance market. This partnership will enable real estate owners to significantly optimise title insurance cost relative to traditional risk transfer, helping them enhance profitability and achieve their investment goals with greater confidence.” Clint Casabella, SVP Business development and strategy at Grid151, adds: “This partnership with Propriety significantly accelerates our ability to educate sophisticated and institutional real estate industry participants that an alternative risk transfer strategy exists for title insurance. “By facilitating the addition of title insurance into our client’s captive programs, we’re enabling new risk financing pricing advantages on top of the same policy, protection, and coverage that they receive in status quo.”
