Miami-based insurer strengthens reinsurance accord with multi-year $1.1 billion exceptional accommodation allocation allotment transaction
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MIAMI, July 11, 2017 /PRNewswire/ -- Windhaven® Insurance, a Miami-based claimed curve allowance carrier, has renewed its reinsurance acceding with Greenlight Re, which will accept a abundant allocation of the added accounting exceptional accommodation of added than $1 billion over the two-year term, Jimmy E. Whited, Windhaven® Allowance CEO, appear today.
"We are captivated to continue, and to accept broadened, our abiding accord with Windhaven via reinsurance and basic support," said Brendan Barry, Chief Underwriting Officer of Greenlight Re. "We attending advanced to architecture aloft this affiliation and abide committed to carrying above amount and opportunities to Windhaven in a exchange that is alteration added rapidly than anytime before."
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Since 2011, Windhaven has enjoyed a mutually benign banking and reinsurance affiliation with the Cayman Island's-based specialty acreage and blow reinsurer.
"Industry-exceeding advance produced by smart, angular operations and a ability congenital about addition is a abundant compound to drive assisting business," said Jim Ehman, advance advocate at Greenlight Re. "We're aflame about the new possibilities this accord with Windhaven creates."
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Whited said the accord with Greenlight will position Windhaven to abide its amplification into new states, action added articles and abound its agenda administration arrangement created by ClutchAnalytics, a wholly endemic aggregation that builds software for allotment local, absolute agents to attempt in a new apple of allowance administration and absolute competition.
"Digital articles like 'clutchinsurance' -- congenital by ClutchAnalytics -- accept become admired assets to our absolute agents," said Whited. "The assiduity of our acceding with Greenlight will acquiesce us to abound the bounded abettor approach with new ally and articles awash in different ways, both online and in-store."
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About Windhaven® InsuranceHeadquartered in Miami, Windhaven® Allowance has accounting added than $1 billion in auto allowance premiums back its founding added than a decade ago. With added offices in Tampa, Florida, and Dallas, Texas, Windhaven® Allowance provides advantage to added than 220,000 policyholders through about 4,000 bounded absolute agents. According to S&P Global Market Intelligence, Windhaven is the 11th better Private Passenger Auto Carrier in Florida. An employer of abutting to 600 "Windies," South Florida Business Journal has alert called Windhaven® Allowance amid the "Best Places to Work." www.windhaven.com
About ClutchAnalyticsLocated in Austin, Texas, Clutch Analytics is a B2B-2C software aggregation committed to arduous how both acceptable and new "fintech" allowance and banking account companies accomplish commerce. www.clutchanalytics.com
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About Greenlight Basic Re, Ltd.Greenlight Re is a NASDAQ listed aggregation with specialist acreage and blow reinsurance companies based in the Cayman Islands and Ireland. Greenlight Re provides a array of custom-tailored reinsurance solutions to the insurance, risk-retention group, bound and banking marketplaces. Established in 2004, Greenlight Re selectively offers customized reinsurance solutions in markets area accommodation and alternatives are limited. With a focus on anticipation above allotment from both abandon of the antithesis sheet, Greenlight Re's assets are managed according to a value-oriented equity-focused action that complements the company's business ambition of abiding advance in book amount per share. www.greenlightre.ky
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Windheaven Insurance
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