Posted on 24 Feb 2011
Allied Insurance Brokers announced plans today to expand its Real Estate Program known as “Distinctive” into the state of New Jersey, with many new agents to be appointed. The program will encompass writing mixed-use building occupancy such as apartment and mercantile operations for lessor’s risks. The program uses admitted A.M. Best “A”+ XV rated paper on a Commercial Package with property enhancements.
Allied Insurance Brokers, headquartered in Marriottsville, MD, has operated as an MGU since 1996. The firm underwrites several insurance programs, the largest of which is real estate, offering coverage for Office Buildings, Retail Centers, Apartments and Condominiums primarily in the Mid-Atlantic region through select retail agents. “We have now achieved a long-standing goal to enter New Jersey with the product and coverage we need to compete in the smaller risk mixed-use market. This provides us with new territory for growth, and we are pleased to move forward on this initiative,” said CEO Jeffrey Marsh. firstname.lastname@example.org