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Everspan Partners with Centrex Underwriters on Hospitality-Focused Liability Programs
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Everspan Group has launched a partnership with Centrex Underwriters, enhancing its presence in the hospitality insurance sector. Rated A- by AM Best, Everspan aims to capitalize on Centrex's 34 years of expertise in liquor liability and general liability insurance. Operating in 38 states, Centrex specializes in insurance for various hospitality venues including bars, wineries, and golf courses. This collaboration is expected to support growth and profitability for both firms in the hospitality industry.
Positive
Everspan Group enters the hospitality insurance market, diversifying its offerings.
Centrex brings over 30 years of profitable experience in liquor liability underwriting.
The partnership is anticipated to drive growth and enhance service capabilities.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Everspan Group, Rated A- (Excellent) by AM Best, today announced it has launched a program partnership with Centrex Underwriters, Inc., a managing general agency specializing in liquor liability and general liability insurance for the hospitality industry.
Centrex operates in 38 states and the District of Columbia and serves a wide range of businesses, including bars/taverns, wineries, liquor stores, caterers, dance halls, golf courses and bowling alleys.
“Centrex is a family-owned business with deep roots in the hospitality industry, having profitably underwritten liquor liability for more than 30 years,” said Steve Dresner, Everspan’s Chief Underwriting and Reinsurance Officer. “Everspan is excited to diversify into this sector and thrilled to partner with an underwriter as experienced as Centrex.”
Centrex has been providing liquor liability insurance coverage since 1988, making it one of the longest-running hospitality programs. In 2012, it began writing a general liability line of business to complement the ongoing liquor liability line of business.
“Centrex is excited to bring its 34 years of experience and knowledge of the hospitality industry to Everspan,” said Erik Carlson, Senior Vice President at Centrex. “With Everspan's experience and guidance, we anticipate an enduring relationship that will allow Centrex and Everspan to grow, profit, and service the needs of our wholesale brokers.”
About Everspan Group
Everspan Group is a specialty property and casualty insurance platform that operates nationwide on an admitted and non-admitted basis. The companies which comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company. For more information, please refer to www.everspangroup.com.
About Centrex Underwriters, Inc.
Headquartered in a suburb of Memphis, Tennessee, Centrex Underwriters, Inc,. is a family owned and operated independent Managing General Agency specializing in Liquor Liability and General Liability insurance. Writing a broad range of hospitality business in 38 states plus Washington, D.C., Centrex offers affordable insurance products through a select group of Wholesale Excess and Surplus Lines brokers. For more information, please visit www.centrexuw.com.
Everspan Group announced a partnership with Centrex Underwriters, joining forces in the hospitality insurance sector.
What is the significance of the Centrex Underwriters partnership for Everspan Group?
The partnership allows Everspan to diversify its insurance offerings and leverage Centrex's extensive experience in liquor and general liability insurance.
How long has Centrex Underwriters been in the hospitality insurance business?
Centrex Underwriters has been underwriting liquor liability insurance since 1988, providing over 34 years of industry experience.
In how many states does Centrex Underwriters operate?
Centrex Underwriters operates in 38 states and the District of Columbia.
What type of insurance does Centrex Underwriters specialize in?
Centrex specializes in liquor liability and general liability insurance for the hospitality industry.
