ATLANTA, Nov. 30, 2016 /PRNewswire/ -- Admission Holdco Management, LLC (Access), a arch allowance managing accepted bureau focused on the non-standard auto market, has purchased the Occidental Fire & Blow Aggregation of North Carolina (Occidental) Massachusetts non-standard auto allowance book from IAT Allowance Group (IAT). Occidental, a adapted acreage and blow allowance company, is allotment of the IAT Allowance Group, and afresh had its Banking Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Ratings (ICR) of "a-" affirmed by A.M. Best.
Image Source: i2.wp.com
Altamont Basic Ally logo. (PRNewsFoto/Altamont Basic Partners)
IAT is transitioning its anon produced (core) auto book to Admission through the sale, but will abide to act as the arising carrier via its subsidiary, Occidental Allowance Company. The Massachusetts book of business is about $35 actor in anniversary exceptional and is broadcast through a arrangement of absolute allowance producers. The acquirement of the Occidental non-standard book constitutes a abundant dispatch bean in Access' change to alter its offerings to their producers and insureds.
Access, a full-service managing accepted agency, originates, underwrites, and provides action and claims administration for their allowance aggregation partners. Over the accomplished 22 years, Admission has auspiciously managed books of business for abundant allowance companies. In December of 2015, Admission accustomed a abundant advance disinterestedness advance from Altamont Basic Ally ("ACP"), a average market-focused clandestine disinterestedness close with cogent acquaintance advance aural the allowance industry. Admission is alive alongside ACP to accompany opportunities to strengthen the Admission book of business with targeted acquisitions.
Michael McMenamin, Admission President and CEO, commented on the purchase: "We are aflame about the befalling to admission the Massachusetts auto allowance bazaar and added alter our book of business. We are actual admiring to accomplice with IAT and use our belvedere and ability to administer the Occidental program."
Image Source: amazonaws.com
Bill Cunningham, Chief Executive Officer of IAT said: "We've continued admired Access' ability in managing non-standard auto programs, as able-bodied as their technology platform, use of metrics and analytics, and basic services. Having Admission administer the Occidental Massachusetts book of business gives us abundant abundance alive absolute policyholders and producers will abide to accept a abundant product."
Keoni Schwartz, Co-Founder and Managing Director at ACP, said: "We are captivated with the acquirement of Occidental's Massachusetts business from the IAT Allowance Group, and are focused on acknowledging Admission through added targeted acquisitions that advantage the calibration and assortment of the Admission technology belvedere and services.
About Admission Holdco Management, LLC
Access offers specialty acreage and blow auto allowance programs that accommodate low bottomward payments, adjustable acquittal plans, accessible reinstatements, and bilingual chump casework to accommodated the needs of the abnormal customer. These articles are broadcast through a arrangement of anxiously called absolute allowance producers.
Image Source: access.com
Known as a baton in the allowance industry, the company's focus on technology addition ensures an added chump acquaintance through streamlined, accurate, and convenient processes. Admission utilizes technology commutual with animal bookish capabilities to calmly administer over $300 actor in premiums annually, partnering with 9,000 absolute allowance producers to assure its policyholders.
Story Continues
Access is the fifth better non-standard auto provider in California, baronial in the top 30 non-standard auto groups in the USA. The aggregation has consistently been accustomed as a top privately-held company, and has accustomed assorted awards for technology addition in the allowance industry.
Access was founded in 1994 and is headquartered in Atlanta, Georgia. For added information, appointment www.access.com.
Image Source: cheggcdn.com
About Altamont Basic PartnersAltamont Basic Ally is a clandestine advance close based in the San Francisco Bay Area with over $1 billion of basic beneath management. Altamont is focused on advance in average bazaar businesses with arch administration teams, allowance its portfolio companies ability their abounding potential. The firm's principals accept cogent acquaintance architecture business success belief beyond a ambit of industries, including banking services, government services, consumer/retail, industrials, and healthcare, and accept fabricated abundant investments in the allowance sector. For added information, appointment www.altamontcapital.com.
About IAT Allowance GroupIAT Allowance Group is a all-around allowance alignment fabricated up of bristles operating capacity – anniversary administration the aforementioned affection standards, charge to account and innovation, and an all-embracing mission of excellence. IAT Allowance Group leverages its accomplished administration talent, complete analytics, accurate operating platforms, and all-encompassing accident capabilities beyond the absolute action to bear specialized, acceptable solutions for its bartering and claimed curve clients. To apprentice more, appointment www.iatinsurancegroup.com.
Logo - http://photos.prnewswire.com/prnh/20130701/SF40796LOGO
Image Source: yumpu.com
To appearance the aboriginal adaptation on PR Newswire, visit:http://www.prnewswire.com/news-releases/access-holdco-management-llc-purchases-massachusetts-non-standard-auto-insurance-book-from-iat-insurance-group-300370278.html
Occidental Fire And Casualty Auto Insurance
Image Source: yumpu.com
Image Source: browntheis.com
Image Source: owler.com
Image Source: yumpu.com
Image Source: windows.net
{ 0 komentar... read them below or add one }
Posting Komentar