Business Moves

February 26, 2016
Safety National Forms Safety Specialty Insurance Company

Safety National Casualty Corporation acquired an excess and surplus company that will begin operations in March 2016 as Safety Specialty Insurance Company (SSIC).

Safety Specialty will initially focus on complementing Safety National’s public entity multi-line program, which includes general liability and auto liability coverage. Through SSIC, Safety National will now be able to offer law enforcement liability, public officials liability and educators legal liability coverage. At this time, all public entity coverage is solely available bundled with Safety National’s excess workers’ compensation coverage.

Safety Specialty Insurance Company is domiciled in Missouri and will offer products in all 50 states.

DIMONT Expands Capabilities to Include Auto Insurance Services

DIMONT, a specialty provider of insurance and loan administration services to the residential and commercial financial industries, announced it now provides comprehensive insurance claims services on auto loans, including identifying damage, insurance coverage and date of loss, and filing and adjusting claims on repossessed vehicles for servicers, lenders, banks, credit unions, investors and other auto lenders.

The new service mitigates the losses to loan portfolios and provides returns by maximizing the value of assets while a vehicle is re-marketed.

Great American Insurance Group’s Executive Liability Division Adds Atlanta, Denver Regional Offices

Great American Insurance Group’s Executive Liability Division announced the opening of two regional offices in Atlanta, Ga., and Denver, Colorado. The expansion comes just one year after opening a regional office in Los Angeles. The Executive Liability Division’s home office is located in Schaumburg, Ill., with additional regional offices in Chicago, New York, Princeton, N.J., and Toronto, Ontario.

The Atlanta regional office is led by Tim Kalteux who has been with Great American’s Executive Liability Division for 15 years, as underwriting manager in the Private Company Group.

Jason Deich will lead the Denver regional office. He joins Great American as an underwriting manager. Deich has 10 years of insurance industry experience, specializing in management liability lines for publicly traded companies.

Courtney Olsen joins the Denver regional office as a senior underwriter. She brings 13 years of industry experience, with six years focusing on management liability lines for private companies.

The Atlanta and Denver offices are accepting new business immediately.

Vericlaim acquires BPO Technical Services

Vericlaim—a subsidiary of Sedgwick Claims Management Services, Inc., and global provider of loss adjusting and claims management services—has acquired the assets of BPO Technical Services, a Texas-based professional loss adjusting company with specialized expertise in agricultural losses.

BPO Technical was founded a decade ago by Thomas Powell, a 37-year insurance industry veteran who previously held leadership positions at Crawford & Company and Tennessee Farmers Mutual, the loss adjusting arm of the Tennessee Farm Bureau. Established as a small family business, today the firm manages national commercial property accounts and serves clients in Canada and the U.K. from its office near Houston.

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