Posted on 02 Apr 2012
WRM America, a leading insurance provider specializing in property and casualty coverages for educational institutions, has increased its capacity to insure a wider range of institutions by forming a strategic partnership with Catlin US (Catlin), part of Catlin Group Limited, a global specialty property/casualty insurer and reinsurer carrying an A.M. Best “A” (Excellent) XV rating with a surplus of more than $2.5 billion.
WRM America has signed an agreement with Catlin which Lawrence Miniter, head of underwriting operations at WRM, describes as a “milestone collaboration.” Under terms of this agreement WRM America will serve as the Underwriting Manager on Catlin’s behalf in the U.S. education marketplace and will issue policies on Catlin paper.
“Catlin is a perfect fit for WRM America,” says Miniter. “They are not a typical insurer issuing a policy. Catlin is committed to being an innovative underwriting services company like us; they look for new and creative ways to help clients cost effectively manage risk through broad coverages and comprehensive services.”
Steven Sims, head of national education segment marketing at WRM America, says, “This important step dramatically increases our competitive advantage. Continuing our focus on meeting the risk management needs of all schools, we can now address a wider range of risks.”
Sims adds that the company’s partnering brokers will maintain their working relationships with WRM America underwriters, risk managers and claims experts.
“We continue to apply our twenty five plus years of focus on the national education market,” says Sims. “And we now bring Catlin’s global resources to the local level in our ongoing commitment to partnership beyond the policy.”
Nick Greggains, Chief Underwriting Officer of Catlin US Insurance, added, “We’re excited to partner with such a key player in the education marketplace. At Catlin, we focus on providing superior service to our clients, which makes WRM America a great partner for us. Their expertise in this space together with our financial strength, I believe, will prove to be a very attractive proposition for our customers.”
About WRM America
WRM America is a leading specialty insurance and alternative risk program management company specializing in the unique exposures faced by education, government and not-for-profit institutions. WRM America currently operates in 27 states and plans to operate in all states. WRM America programs provide coverage and risk management services for colleges and universities, K-12 private independent schools, public and charter schools. Lines of coverage provided in the program include: Property – Fire and Allied, Commercial General Liability (including a number of enhancements), Educators Legal Liability, Excess Liability, Commercial Auto Liability and Physical Damage, Crime, Inland Marine, and Boiler & Machinery.
About Catlin Group
Catlin Group Limited, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 lines of business worldwide. Gross premiums written in 2011 were $4.5 billion. Catlin writes business through six operating hubs in London, Bermuda, the United States, the Asia-Pacific region, Europe and Canada. Through these hubs, Catlin works closely with policyholders and their brokers. Altogether, Catlin operates in more than 55 offices in 21 countries. Catlin's underwriting units are rated 'A' by A.M. Best and Standard & Poor's. Catlin will provide insurance coverage for WRM America through its two US admitted insurers - Catlin Insurance Company, Inc. and Catlin Indemnity Company.
More information about WRM America is available at www.wrmamerica.com <http://www.wrmamerica.com>.
More information about Catlin is available at www.CatlinUS.com <http://www.catlinus.com/>.