Great American Insurance Group announced the launch of its Public Sector Alternative Risk Division. This Division will offer a comprehensive list of coverages in the reinsurance and excess insurance markets for Pools, Trusts, Joint Powers Authorities (JPAs), Reciprocals and Captives in the Public Entity space. Targeted classes include: municipalities, schools, counties, housing authorities, and other special service districts with minimum self-insured retentions of $100,000. Coverage is available in all 50 states.
The Public Sector Alternative Risk Division office will report to Mr. Gary Powers, Divisional President, Great American's Property and Casualty Insurance Group and will be based in Richmond, Virginia. The Division will be accepting new business beginning August 1, 2012. Mr. Powers stated: "Great American is committed to serving the Public Sector marketplace. We are focused on providing specialized insurance solutions that meet its unique business needs."
In connection with the launch of this Division, Great American also announced the hiring of Scott Rohr as Divisional President. Mr. Rohr has 21 years of experience working exclusively in Public Entity business with an emphasis on underwriting, sales and management. Additionally, Great American hired Andrew Kay as Divisional Vice President. Mr. Kay has seven years of experience in Public Entity business including pricing, underwriting and operations. Mr. Rohr and Mr. Kay will report to Mr. Powers.
Mr. Don Larson, President and Chief Operating Officer of Great American's Property and Casualty Insurance Group, commented: "Our new Public Sector Alternative Risk Division is a good example of how we continue to grow our specialty P&C business. Our outstanding professional underwriting talent is provided with capital, security, and back office support, to position them to operate and grow the Division in an entrepreneurial manner. We are pleased to welcome Scott and Andrew to Great American."