"We are delighted to be aligned with a partner that can allow us to write accounts requiring A-rated paper, stated Courtney Smith, president and CEO of SUA. “We are optimistic that this will expand premium with our public entity segment and we look forward to exploring other opportunities with American Safety."
Additionally, Brad Isaacson, Director of Program Business at American Safety Insurance Services, Inc., American Safety Indemnity Co.'s administrative service provider, stated: "American Safety is pleased to enter into a partnership with SUA. This 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.”
About Specialty Underwriters' Alliance, Inc.
Specialty Underwriters' Alliance, Inc., through its subsidiary SUA Insurance Company, is a specialty property and casualty insurance company that provides commercial insurance products through exclusive wholesale partner agents that serve niche groups of insureds. These targeted customers require highly specialized knowledge due to their unique risk characteristics. Examples include tow trucks, building contractors, professional employee organizations and public entities. SUA's innovative approach provides products and claims handling, allowing the partner agent to focus on distribution and customer relationships.
About American Safety
American Safety offers innovative insurance solutions in the alternative insurance market for environmental remediation, contracting and other specialty risks underwritten by American Safety Casualty Insurance Company, American Safety Indemnity Company and American Safety Risk Retention Group, Inc., each of which is a subsidiary or affiliate of American Safety Insurance Holdings, Ltd. , a Bermuda-based holding company. The American Safety companies, as a group, are rated "A" (Excellent) VIII by A.M. Best.