STAMFORD, Conn.--(BUSINESS WIRE)--GenStar announced today that it is the new insurer for the Founders Specialty Lawyers Professional Liability Program. GenStar President and CEO Marty Hacala commented, “GenStar is excited to associate with Founders Specialty. They are an experienced Program Manager with a proven history of providing professional liability insurance services. We are pleased to expand our program offerings to include a valuable product for lawyers through the services of Founders Specialty.”
The Lawyers Program will be offered on a primary basis and target small-to mid-size firms with 1-20 attorneys. Liability limits up to $2,000,000 will be available on a claims-made basis. Stephen van Wert, President of Founders said, “We are happy to be partnering with GenStar. They will be honoring the benefits that our claims-free insureds have accrued under our innovative Rewards Program and the years that have accrued in qualifying for our free retirement tail. In addition, with GenStar, we will now provide data breach coverage.”
The Lawyers Program will be written on an admitted basis by GenStar’s General Star National Insurance Company, which is rated A++ (Superior) by A.M. Best Rating Services, Inc. and carries an AA+ Insurance Financial Strength Rating from S&P’s Global Ratings. GenStar is a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies. General Star National is licensed in the District of Columbia, Puerto Rico, and all states. Insurance is placed with General Star National by licensed producers.