Courtney Smith, president and chief executive officer, stated "Flying Eagle represents a great opportunity, as they complement our existing contractors book and have substantial experience writing this customer class. We look forward to welcoming this new Partner Agent to our organization and expanding our offerings in the western region." In conjunction with the Partner Agent agreement, Flying Eagle has agreed to purchase $1 million of SUA's Class B common stock.
David Lambin, president of Flying Eagle, also commented "We are very excited about partnering with SUA Insurance Company. The general liability policy being offered will provide an excellent foundation for a contracting insurance program. We look forward to a long and prosperous relationship."
About Specialty Underwriters' Alliance, Inc.
Specialty Underwriters' Alliance, Inc., through its subsidiary SUA Insurance Company, is a specialty property and casualty insurance company providing 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, professional employer organizations, public entities and contractors. SUA's innovative approach provides products and claims handling, allowing the Partner Agent to focus on distribution and customer relationships.