STAMFORD, Conn.--(BUSINESS WIRE)--General Star Management Company today announced the launch of the Allied Health and Churches & Schools Programs. The programs will be offered through Promont Insurance Advisors, the program administrator. Together, they will provide eligible risks with customized insurance solutions. The programs will be written on a non-admitted basis.
Coverage will be written by General Star Indemnity Company, rated A++ (Superior) by A.M. Best Company, and carries an AA+ Insurance Financial Strength Rating from Standard & Poor's Corporation. General Star is a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies.
“This partnership is another exciting piece of our strategic commitment to providing insureds with the best possible coverage and care,” stated Jeff Longbons, President of Promont Insurance Advisors. “A critical element to the partnership is our ability to expand the product offerings of two very important pieces of Promont’s portfolio: Allied Health and Churches & Schools Programs. In addition to possessing financial stability, General Star is a stalwart player in the Managing General Agency and Program Administration space. They understand how to help Promont continue to improve our industry-leading response time and service levels.”
“We are excited to partner with Promont to provide coverage on a customized basis for allied health risks as well as insureds in the churches and schools marketplace,” said Scott Ginsberg, VP and Program Underwriting Executive for General Star. “Promont has a nationwide reputation as a professional program administrator, with in-depth industry expertise. We are delighted to add that skill to the equation.”
General Star President and CEO Martin Hacala said he is eager to expand General Star’s program offerings via this recent collaboration with Promont. “Their specialized knowledge of the business is a terrific advantage. I have great confidence in the ability of the program to rapidly achieve its potential. Allied Health and Churches & Schools will have the comfort of a very secure insurer ready to deliver the protection they need.”
Promont Insurance Advisors is a Chicago-based, industry-leading, specialized underwriting organization with a focus on Home Healthcare providers and Churches. PROMONT accepts business on an open brokerage basis from retail and wholesale insurance brokerages for risk within the United States and its territories and is a member company of Fort Wayne, IN-based DOXA Insurance Holdings, LLC.
General Star Indemnity Company is an eligible surplus lines insurer in all states, the District of Columbia, Puerto Rico, and the Virgin Islands. It has the status as an unlicensed insurer in California and operates under NAIC Number 0031-37362. Insurance is placed with the General Star Indemnity Company by licensed producers and, for risks that qualify, by licensed surplus lines brokers.