Prime Authorized to Write Surplus Lines in New York State
Salt Lake City, UT, Chicago, IL, December 19, 2017- Prime Holdings Insurance Services, Inc. (“Prime Holdings”) introduced that its subsidiary, Prime Insurance Company (“Prime”), just lately obtained approval to write specialty strains insurance coverage protection in New York state.
“We are thrilled to have received authorization to conduct business in New York State. This is a further indication of how Prime is working diligently with the insurance departments, producers, and insureds to provide a stable E&S marketplace all across the United States,” stated Rick J. Lindsey, President, Chairman, and CEO of Prime Insurance Company.
Prime gives extra and surplus strains property and casualty insurance coverage choices for specialty, common legal responsibility, multi-peril, property, well being care providers, skilled legal responsibility insurance coverage and extra. Prime writes non-standard, specialty dangers and has an A.M. Best Credit Rating of “A” (Excellent).
Prime Holdings is an insurance coverage holding firm for an built-in group of property and casualty, extra and surplus strains service organizations. These organizations provide underwriting, danger administration, and claims providers to producers and insureds in 50 U.S. states, the U.S. Virgin Islands, and different territories. As of early December 2017, Prime Holdings has written greater than $120 million in gross premiums for the 12 months. Prime maintains workplaces in Chicago, Salt Lake City, and Naples, Florida. Prime Holdings has shaped strategic enterprise relationships with a few of the world’s strongest insurance coverage corporations, together with Lloyd’s of London, Trans Re, Gen Re and RLI.
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