NBIS Executive Vice-President Kevin Cunningham announces the
launch of a new Heavy Construction and Transport Insurance Program
developed in partnership with Tower Group Companies of New York City,
New York.
“Tower Group Companies and NBIS have developed a multi-line, risk
management-based platform to better serve the needs of insured customers
and their agents/brokers,” Mr. Cunningham said. “This vastly superior
program is better than any I have seen in the specialized heavy
equipment and related transport industries in over 25 years. As Managing
General Underwriter (MGU), our collaboration with Tower Group Companies
is truly symbiotic when considering our mutual dedication to the
delivery of high performance results for customers and other
stakeholders. We are confident that the Tower/NBIS Programs will achieve
significant interest in the specialty insurance marketplace,” added Mr.
Cunningham.
On behalf of Tower Group Companies, Gary S. Maier, Senior Vice
President and Chief Underwriting Officer, said, “The launch of the Heavy
Construction and Transport Program exemplifies how Tower has become a
leader in growing specialized program business. By partnering with
leading program underwriting agents, like NBIS, we can jointly deliver
program business that requires unique underwriting and product
expertise. Through this approach Tower is able to expand into specialty
classes of business that are not normally distributed through our retail
and wholesale agents.”
NBIS is a hybrid Managing General Underwriter (MGU), specializing
in insurance program administration for the heavy construction equipment
and related transport industries and in the residential builders’ and
contractors’ marketplace.
With operations strategically located in Atlanta, Baltimore,
Chicago and San Diego, NBIS provides program underwriting, policy
issuance, claims adjusting and customized risk management services as a
specialty insurance provider for the construction and transport industry
sectors to retail producers nationwide.
Tower Group Companies (Tower) is a leading insurance and
risk-related services company based in New York City. Tower provides
property and casualty insurance to underserved markets and has different
market facilities tailored to meet the needs of its producers in order
to attract a wide range of segments in the market, from preferred to
non-standard including excess and surplus lines. Tower Group Companies
has earned an A-(Excellent), IX, A.M. Best rating. Tower is listed on
the NASDAQ Global Select Market under the symbol TWGP.
For more information, please visit the Companies’ websites at www.nbis.com
and www.twrgrp.com.
NationsBuilders Insurance Services, Atlanta
Lana
Adkins, 770-257-1714
Marketing Coordinator
ladkins@nbis.com
or
Tower
Group Companies, New York
Suzanne Burke, 212-655-8947
Assistant
Vice President, Specialty Division
sburke@twrgrp.com
