Richmond National

Richmond National Insurance Company is a non-admitted, wholesale broker-distributed excess and surplus lines carrier providing property, casualty, and professional liability coverage for small and mid-sized businesses that cannot obtain coverage in the standard admitted market. The company is authorized to write business in all U.S. states and Washington, D.C., and distributes exclusively through appointed surplus lines brokers, with no direct or retail channels.

The carrier operates a proprietary, internally developed technology platform built on Azure and Kubernetes, with a Python-based backend and an API-ready architecture. The platform automates underwriting clearance and policy issuance, enabling underwriters to concentrate on risk selection rather than administrative processing. Real-time data exchange and automation throughout the underwriting lifecycle differentiate the company from traditional E&S carriers reliant on legacy systems.

Richmond National was established in 2020 and achieved its first operating profit in 2024, the same year it recorded 64% premium growth with direct premiums written of USD 211.3M. The company holds an A- (Excellent) Financial Strength Rating from A.M. Best and has raised over USD 210M in total common equity capital, including a USD 55M follow-on round completed in March 2025. As of early 2026, the company was adding approximately 75 positions to its Glen Allen headquarters, supported in part by a USD 1.75M state economic development investment.