Great American Insurance Group to Offer Natural Food and Vitamin Store Program Through Kapatoes Insurance Services
CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group is pleased to announce that its Alternative Markets Division has teamed with Kapatoes Insurance Services to offer specialized insurance to retail health food and vitamin stores. This new offering through Great American’s Elite Programs model will kick off on April 1, 2014.
“With a long history of strong program business experience, we are excited about the pricing and coverage advantages that this relationship with Great American will bring to our Cooperatives and Health Food/Vitamin store community countrywide.”
“Kapatoes Insurance Services has developed an impressive level of expertise and market share with respect to health food stores, vitamin stores and natural food cooperatives in the United States,” stated Richard Suter, Divisional Vice President of Marketing for Great American. “We are excited to work with such an industry leader.”
“We are thrilled that Great American is our exclusive insurance provider for our stores,” adds Mark Kapatoes, President of Kapatoes Insurance Services, LLC. “With a long history of strong program business experience, we are excited about the pricing and coverage advantages that this relationship with Great American will bring to our Cooperatives and Health Food/Vitamin store community countrywide.”
Great American Insurance Group’s Alternative Markets Division has been building long-term, profitable insurance relationships since 1999. The Division’s flagship product is the agency captive, a risk-sharing model designed for retail agents who wish to take risk on their own business as an alternative to traditional profit-sharing. Alternative Markets also offers competitive association and group captive solutions, as well as Elite Programs, a non-captive model that enables retail agents with an established industry niche to turn an existing book of business into an exclusive specialty program.
American Insurance Group
Products are underwritten by Great American Insurance Company of New York, Great American Alliance Insurance Company and Great American Assurance Company, which are licensed in all 50 states and the District of Columbia and are members of Great American Insurance Group. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship Company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years (most recent rating evaluation effective on February 22, 2013). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange and NASDAQ Global Select Market under the symbol AFG.