Scarborough, a division of Financial and Professional Risk Solutions, has entered into a nationwide exclusive underwriting agreement with CNA, a business insurer.
Scarborough has announced that it is exclusively underwriting on behalf of CNA all property and casualty lines of business for community banks with assets of less than $3 billion. Lines included within this exclusive underwriting agreement are property, general liability, auto liability, workers compensation, umbrella, mortgagee’s errors and omissions, foreclosed property, and repossessed auto.
This new strategic alliance expands upon the existing underwriting agreement Scarborough enjoys with CNA for fidelity and management liability lines for community banks nationwide.
Mark Tomlinson, managing director of Scarborough, said: We developed this program in response to market demands, and fully expect that it will allow us to better serve the overall insurance needs of the community banking segment.