The Cincinnati Insurance Company has announced that its newest subsidiary, The Cincinnati Specialty Underwriters Insurance Company, now will accept excess and surplus lines business.
Cincinnati’s independent agencies in Georgia, Illinois, Indiana, Ohio and Wisconsin now have access to Cincinnati Specialty Underwriters’ (CSU) product line through CSU Producer Resources (C-SUPR), the new, wholly-owned insurance brokerage subsidiary of parent company Cincinnati Financial Corporation. CSU and C-SUPR will expand into additional states where Cincinnati currently offers standard market property casualty policies, including Virginia, as the new companies obtain the necessary state regulatory approvals.
James Benoski, president and CEO of The Cincinnati Insurance Company, said: We specifically structured our excess and surplus (E&S) operations to serve the needs of the independent agencies that currently market our standard market insurance policies. When part of their client’s insurance program requires E&S coverages, those agencies now can write the whole account with Cincinnati, gaining benefits not often found in the broader E&S market.