Arden Insurance Services and Green Shield Risk Solutions partner to mitigate wildfire risk

Arden Insurance Services LLC, an MGA focused on insurance for residential condominium associations, has teamed up with Green Shield Risk Solutions, a catastrophe risk mitigation specialist based in Chicago, to tackle the increasing wildfire threat.

This partnership aligns with Arden’s technology-driven approach, utilising advanced data and analytics to thoroughly assess risks in wildfire-prone regions.

Moreover, it enables Arden to offer unique risk mitigation strategies to brokers and clients seeking advice on enhancing structural resilience.

Patrick Blandford, Founder and CEO of Greenshield, commented: “Our partnership with Arden represents a notable step forward in our mission to help protect communities from the devastating impact of wildfires.

“We’re excited that they have chosen our state-of-the-art wildfire analytics to supplement their best-in-class underwriting platform.”

Blandford noted that environmental factors are causing a swift increase in both the severity and frequency of wildfires, making it essential to adopt new and innovative methods for wildfire underwriting and proactive mitigation.

He continued: “Ultimately, we believe that exposure to extreme weather doesn’t make a property uninsurable, just worthy of expert attention. Green Shield’s insights delve deeper than a traditional risk score, enabling underwriters to navigate the wildfire risk landscape and identify properties that are good risks in what are traditionally considered challenging geographic regions.

“Working together, we’re helping Arden better understand the realities of the wildfire exposure they are proactively looking to manage.”

Brian Cohen, Co-founder and CEO of Arden, added: “Arden is excited to collaborate with Green Shield and incorporate their expert analytics into our underwriting process. We focused on taking a differentiated approach to wildfire risk since we first entered the California market in 2016.

“In 2023, we launched our Wildfire Exposed Product. Today, through our partnership with Green Shield, we can provide our clients with not only differentiated insurance protection, but also the knowledge and resources to prevent and mitigate their wildfire risk.”

Cohen stated that what distinguishes Arden is the company’s extensive underwriting expertise, its specialised focus on residential condominium associations, and its forward-thinking approach to risk management.

He concluded: “Green Shield naturally aligns with those differentiating elements, allowing Arden to provide comprehensive solutions to our broker partners in a property market that has tried to avoid brush-exposed risk.

“In the end, we expect Green Shield’s property-level insights to complement our already comprehensive analysis of wildfire-exposed risks, enabling us to meet the needs of residential condominium associations perceived to be exposed to wildfire risk.”

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