Bradley Wilson, president of Florida-based North American Liability Group, announced that the company has successfully negotiated a Re-insurance Agreement on an 80 percent quota share basis, with a Best A-Rated Re-Insurance Company.
Final negotiations are expected to be completed within 10 business days and will be disclosed by an additional release and in applicable filings.
Wilson stated, “We are pleased with the company’s progress. The company and its Best A-Rated Re-Insurer will enable NALG to commence offering its processing and formation services to its intended groups in key target markets.”
NALG is an insurance processing company that integrates universally compatible applications and infrastructure to manage and process insurance applications, claims and settlements.
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