Specialty Underwriters' Alliance has announced that its subsidiary, SUA Insurance Company, has entered into a quota share arrangement with American Safety Indemnity to provide general liability to companies engaged in the automobile repossession business.
Courtney Smith, president and CEO of Specialty Underwriters’ Alliance Insurance Company (SUA), stated: We are delighted to enter into a second arrangement with American Safety, expanding the programs where we can write accounts requiring A-rated paper. We are excited about this new program opportunity with Aeon in the collateral recovery (repossession) customer segment.
Brad Isaacson, director of program business at American Safety Insurance Services, American Safety Indemnity’s administrative service provider, said: American Safety is pleased to expand its relationship with SUA. This helps to meets our corporate diversification strategy of targeting very specific market segments and aligning ourselves with underwriting and distribution partners that provide very detailed industry expertise.