Posted on 15 Jul 2010
Markel Programs announced today that it has partnered with ProSurance Group, Inc., a managing general agency, to offer a new, monoline commercial Fidelity insurance program. Commercial Crime coverage is currently available countrywide on an open-brokerage basis. Fidelity insurance for financial institutions will be launched later this year.
Markel Programs and ProSurance Group’s Crime program is accessible to a wide variety of industries. Target commercial classes include retail businesses, ATM companies, manufacturers, casinos, and difficult- to-place risks. The coverage protects against fidelity and forgery, money and securities, robbery, safe burglary, computer fraud, money orders and counterfeit currency, theft of client property, funds transfer fraud, and agents.
“Both Markel Programs and ProSurance Group have in-depth experience insuring specialty classes of business,” stated Rick Wiseley, Managing Director of Markel Programs. “With Markel’s solid financial history and ProSurance Group’s 30-plus years of fidelity experience, we are a compelling choice for Commercial Crime coverage,” he continued.
John Wagner, Ph.D., Chief Executive Officer of ProSurance Group, commented, “Our producers and clients appreciate the small-company mentality, personal attention, flexibility, and quick turnaround Markel Programs and ProSurance Group provide. In addition to writing standard accounts, we’re willing to listen, go the extra mile, and underwrite difficult risks that larger, more bureaucratic insurers might turn away.”
The minimum premium is $2,500. Both primary and excess coverages are available.
ABOUT MARKEL PROGRAMS
A division of Markel Corporation, Markel Programs develops partnerships with managing general agents to offer single-source, admitted and non-admitted programs for a specific class or line of business. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer
service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. To learn more about Markel Programs, visit markelprograms.com.
ABOUT PROSURANCE GROUP, INC.
ProSurance Group was founded in the 1990s as a managing general agency for professional liability. It specializes in underwriting and marketing the more difficult lines of insurance. The Fidelity Division is headed by Dorothy Kent, an experienced senior fidelity underwriter. ProSurance Group markets through independent sub-producers and, in some cases, directly to its insureds. To learn more about ProSurance
Group, visit prosurancegroup.com.