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It's a mad scramble for sidecars, traction and plateaus. Sounds like Amazing Race, you say? Nope, but the staid world of insurance is pretty interesting these days.
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Members of an RRG know their business better than anyone else - often giving the RRG an underwriting edge over traditional insurance companies.  |
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Keep up to date on news that's important to your business.
The 2007 numbers
are in for National Contractors Insurance
Company, Inc., A Risk Retention Group
- Another year of solid
growth, with 2007 premiums increasing by
16.5% over 2006
- Strength
and security – reinsured
by am best rated a- ix, 95:5 quota share
after 1st $10,000 – arguably one of
the strongest RRG’s in the construction
market
- Fabulous customer service,
including 24 hour turn around on quotes
- Online quick-rater launching
June 15, 2008
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Reinsurance Carrier
It is our pleasure to announce effective May 1, 2007 Greenlight Reinsurance, Ltd (GL Re) is the reinsurance carrier for National Contractors Insurance Company, Inc., A Risk Retention Group (NCIC) on a 95% / 5% quota share of all losses in excess of $10,000. GL Re now covers 95% of all loses in excess of $10,000 per claim. This contract will run continuously until either party gives notice of cancellation.
GL Re is a property casualty reinsurance company rated “A-“(Excellent) VIII” by AM Best. The Best’s rating report and current financial statements for GL Re can be found on their website at www.greenlightre.ky. |
From start to finish theft protection; a must for artisan contractors
As the construction industry in the United States continues to rise at a rapid pace, artisan contractors increasingly represent a vital part of this industry's growth. However, due to the fact that most artisans are self-employed, finding adequate insurance at an affordable price can be difficult, especially in the current market.
Read more at www.InsuranceJournal.com
Refining risk management strategies seems to be an activity everyone's taking up.
Carriers, re insurers, bond producers and
receding insurers are all assessing their options and
opportunities.
Read more at Business Insurance Industry Focus
Risk Retention Group 2005 Premium Grows 11.5% to $2.4 Billion
Risk retention group 2005 annual gross written premium grew to $2,449.1 million, an increase of $252.0 million or 11.5% compared to 2004 annual premium of $2,197.1 million.
For full story, subscribe to the Risk Retention Reporter
Giving Producers a Track to Run on
Polestar gives agencies a systematic approach to sales, marketing and value-added services.
Read more at www.RoughNotes.com
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Headquarters: 866.363.2642
20350 Ventura Blvd, Suite 205
Woodland Hills, California 91364
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