Alteris Launches New Specialty Insurance Program for Large Water-Related Entities in the U.S.
BOSTON--(BUSINESS WIRE)--Alteris Insurance Services, Inc., a wholly-owned subsidiary of Argo Group International Holdings, Ltd. (NASDAQ:AGII), an international underwriter of specialty insurance and reinsurance products, today announced that the company has launched a new specialty insurance program for large water-related entities in the contiguous U.S. (excluding Alaska and Hawaii).
“In partnership with our dedicated public risk solutions practice, Alteris is well positioned to leverage its specialized knowledge base to provide ongoing education, customer support and other valued-added services—efforts that we’re confident will help to deepen relationships with brokers and insureds alike over the long term.”
Alteris’s new specialty insurance coverage will provide protection to large water-related facilities (water, sewer, reclamation and irrigation districts)—up to $11 million in capacity—against property and liability losses that can result from the treatment, storage and distribution of water. Specialty insurance coverages include general liability, auto liability, employment practices liability, public officials liability and law enforcement professional liability. The new program will be managed through Alteris Public Risk Solutions, a division of Alteris that provides specialty insurance products and services to governmental entities and self-insured governmental pools.
“Large water-related entities continue to deal with increasingly complex risks in their day-to-day operations, yet traditional insurance products available in the market today are still falling short,” said John Atherton, senior vice president, general manager, Alteris Public Risk Solutions. “To keep pace with the evolving risk management demands of this unique business class, we’re looking forward to teaming up with Alteris to deliver a totally-customizable specialty insurance solution that responds to actual—not assumed—needs for such specialized protection.”
“We are pleased to announce this exciting new program for large and complex water-related entities that participate in their own risk bearing,” said Paul Fuller, senior vice president, underwriting, Alteris. “In partnership with our dedicated public risk solutions practice, Alteris is well positioned to leverage its specialized knowledge base to provide ongoing education, customer support and other valued-added services—efforts that we’re confident will help to deepen relationships with brokers and insureds alike over the long term.”
For more information about Alteris’s new specialty insurance program for large water-related facilities in U.S., contact Paul Fuller at (415) 901-2566 or email@example.com.
Alteris Inc. and Alteris Insurance Services, Inc., members of Argo Group International Holdings, Ltd. (NASDAQ:AGII), provide services-oriented, complete solutions, operating through three business divisions: Strategic Markets, Alternative Risk, and Commercial Subsets. Alteris offers managing general agencies and insureds access to a broad array of exclusive risk solutions for specialty programs and alternative risks including program placement, risk bearing solutions, capital support, strategic alliances, policy systems solutions, claims services, and reinsurance solutions. Information on Alteris is available at www.alterisus.com.
About Argo Group
Argo Group International Holdings, Ltd. (NASDAQ:AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s insurance subsidiaries are A.M. Best-rated ‘A’ (Excellent) with a stable outlook and Argo Group’s U.S. insurance subsidiaries are Standard & Poor’s-rated ‘A-’ (Strong) with a stable outlook. For more information visit www.argolimited.com.