Trean Insurance Group Launches New E&S Carrier, Benchmark Specialty Insurance Company
December 27 2021 - 4:15PM
Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of
products and services to the specialty insurance market, announced
today that its subsidiary, Benchmark Insurance Company, a leading
writer of program business, formed a new excess and surplus lines
subsidiary, Benchmark Specialty Insurance Company, an Arkansas
domestic surplus lines carrier. The new entity joins Benchmark
Insurance Company, a Kansas domiciled carrier, American Liberty
Insurance Company, a Utah domiciled carrier, and 7710 Insurance
Company, a South Carolina based carrier, as members of the Trean
Insurance Group. Now that it has secured
approval in its domicile state of Arkansas, Benchmark’s new E&S
subsidiary is working to obtain the remaining regulatory approvals
necessary to conduct business throughout the United States. With
admitted and non-admitted carriers, Trean Insurance Group companies
have the capability to offer a full range of risk solutions to our
Program Partners and General Agents.
About
Trean Insurance Group, Inc. Trean Insurance Group, Inc.
(NASDAQ: TIG) provides products and services to the specialty
insurance market. Trean underwrites specialty casualty insurance
products both through its program partners and its own managing
general agencies. Trean also provides its program partners with a
variety of services including issuing carrier services, claims
administration and reinsurance brokerage. Trean is licensed to
write business across 49 states and the District of Columbia. For
more information, please visit www.trean.com.
Forward-Looking Statements
This press release contains forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements that are not historical or current facts. These
statements may discuss the Company’s net income, cash flow,
financial condition, impairments, expenditures, growth, strategies,
plans, achievements, capital structure, organizational structure,
market opportunities and general market and industry conditions.
Such forward-looking statements can be identified by words such as
“anticipate,” “estimate,” “expect,” “intend,” “plan,” “predict,”
“project,” “believe,” “seek,” “outlook,” “future,” “will,” “would,”
“should,” “could,” “may,” “can have,” “likely” and similar terms.
Forward-looking statements are based on management’s current
expectations and assumptions about future events. These statements
are only predictions and are not guarantees of future performance.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements if the underlying assumptions prove to
be incorrect or as a result of risks, uncertainties, and other
factors, including the impact of the COVID-19 pandemic on the
business and operations of the Company, our program partners and
other business relations. Other factors that may cause such
differences include the risks described in the Company’s filings
with the U.S. Securities and Exchange Commission, including the
Company’s Annual Report on Form 10-K for the year ended December
31, 2020. These forward-looking statements speak only as of the
date on which they are made. Except as required by applicable
securities laws, the Company disclaims any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future developments, changes in assumptions or
otherwise. Investors are cautioned not to place undue reliance on
the forward-looking statements contained in this press release or
in other filings and public statements of the Company.
Contacts
Investor Relations investor.relations@trean.com
(952) 974-2260 Source: Trean Insurance Group, Inc.
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