Zurich North America expands its public sector offering through Programs agreement with Allied Public Risk, LLC.
Schaumburg, Ill., October 22, 2018
Zurich North America has entered into an agreement with program administrator, Allied Public Risk LLC to provide a full range of insurance coverage to select cities, towns, boroughs, counties, and special service districts with populations under 100,000. Zurich will begin writing the MuniPlus program on November 1 with a policy effective date of January 1, 2019.
“We are very excited to bring the best of Zurich North America to the public sector through Allied Public Risk,” said Greg Massey, head of Programs for Zurich North America. “Allied is strongly positioned to address public sector exposures and to provide innovative, responsive, and tailored protection for public sector customers. Zurich’s strengths combined with Allied’s strong foothold in the public arena will help us create resilience for communities that face unique sets of risks on a daily basis.”
MuniPlus is available in select states through Allied’s proprietary distribution system comprised of public entity broker specialists. The program offers a full ensemble of coverages addressing the unique risks of public entities including public official’s liability, police professional liability, employment practices liability, property, general liability, auto and cybersecurity. Umbrella coverage is available with limits of up to $10 million.
“Together, Zurich and Allied are providing an all-inclusive value offering to our broker advocates and their policyholders,” said Paul R. Fuller, CEO of Allied Public Risk. “Zurich offers a unique best-in-class combination of property capacity, risk engineering services, and coverage breadth. Equally important, they have an established fluency within the public sector and are distinguished for their claims handling, financial security, and segment commitment.”
For more information about the MuniPlus primary insurance program, please visit: www.alliedpublicrisk.com.
Zurich has served the programs business market for more than 60 years and is one of the leading writers of programs in the United States providing long term stability, experience and professionalism to niche businesses where unique and high levels of risk exist. To learn more about Zurich’s Program business, visit https://www.zurichna.com/en/prodsols/zpm.
About Allied Public Risk, LLC
Allied Public Risk is a specialty Managing General Underwriter (MGU) providing primary customized, holistic solutions to municipalities, and special districts, water-related entities, and emergency service organizations, as well alternative market solutions throughout the United States. Its parent company, K2 Insurance Services, LLC is a leading underwriting and distribution franchise in the program insurance market. Allied Public Risk’s unique insurance solutions are built upon responsive service, financial security, and customized, first-rate coverage. APR’s team of underwriting specialists and experienced leadership understand the complexities of, and solutions to, public risk exposures.
About K2 Insurance Services, LLC
K2 Insurance Services (K2) is a specialty insurance services holding company, which owns and controls a diverse set of program administrators, retail agencies, and an A.M. Best “A” rated insurance carrier. Through these entities K2 markets, underwrites and services in-excess-of half a billion dollars annually in niche driven commercial and personal insurance premiums. Since its formation in 2011, the company has grown to become a significant player in the specialty insurance market and continues to grow through new acquisitions and organically. K2 is headquartered in San Diego, California and is a privately held company. For more information about K2, please visit www.k2ins.com.
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 53,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading provider of insurance products and services, including workers’ compensation, liability, property, specialty and F&I (finance and insurance) for a number of major industries, such as Construction, Auto Dealers, and Technology. It offers life insurance and disability coverage in the United States. Zurich employs approximately 9,000 people in North America. It’s a top-four commercial insurer in the U.S. and has been insuring U.S. businesses for more than 100 years. Further information is available at www.zurichna.com.