Propriety partners with Grid151 to deliver title reinsurance via captive insurance

Propriety Insurance Advisors, which deals with insurance solutions for the real estate industry, has announced a strategic partnership with Grid151, a technology-powered insurance and fulfillment platform serving the real estate and financial services industries. This collaboration will allow Propriety to integrate Grid151’s title reinsurance program into captives owned by real estate focused organisations, creating customised risk management solutions designed specifically for institutional real estate investors and operators. 

Propriety will leverage the partnership to benefit its extensive global network of leading real estate owners, enhancing access to industry expertise and expanding the delivery of tailored insurance solutions to its clients. The addition of Grid151’s title insurance focused program complements the suite of solutions Propriety has designed for insuring complex, high-value commercial real estate transactions. 

Together, the partnership aims to redefine risk management in real estate transactions by embedding title reinsurance within captive insurance structures, providing cost efficiency and enhanced flexibility. This initiative empowers clients to mitigate risks associated with property transactions while leveraging the stability and control of captive insurance models to drive down costs. 

“We are excited to join forces with Grid151 to deliver innovative title insurance solutions tailored to the unique needs of the real estate industry,” said John Philipchuck, founder and chief executive at Propriety. “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 optimize title insurance cost relative to traditional risk transfer, helping them enhance profitability and achieve their investment goals with greater confidence.” 

“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,” said Clint Casabella, at Grid151. “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.”

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