The Mechanic Group, a Division of Specialty Program Group LLC, Announces Partnership with Palomar for "Best In Class" Security Alarm & Investigator Program
The Mechanic Group, a division of Specialty Program Group (SPG), has announced a partnership with Palomar Excess and Surplus Insurance Company (PESIC), a subsidiary of Palomar Holdings, Inc., to enhance its "Best In Class" Security Alarm & Investigator Program. PESIC, rated "A" (Excellent) by AM Best, will strengthen The Mechanic Group's ability to provide tailored General Liability and Umbrella Coverage for the Security & Alarm industry.
Key benefits of the partnership include:
- Advanced underwriting authority for swift policy issuance
- Expert claims management
- Comprehensive coverage highlights tailored for the Security and Alarm industry
Il Mechanic Group, una divisione di Specialty Program Group (SPG), ha annunciato una partnership con Palomar Excess and Surplus Insurance Company (PESIC), una sussidiaria di Palomar Holdings, Inc., per migliorare il suo programma di allerta e investigazione di sicurezza "Best In Class". PESIC, valutata "A" (Eccellente) da AM Best, rafforzerà la capacità del Mechanic Group di offrire coperture personalizzate per la Responsabilità Generale e l'Umbrella nel settore della sicurezza e degli allarmi.
I principali vantaggi della partnership includono:
- Autorità avanzata per la sottoscrizione per un'emissione rapida delle polizze
- Gestione esperta dei reclami
- Coperture complete personalizzate per il settore della sicurezza e degli allarmi
El Mechanic Group, una división de Specialty Program Group (SPG), ha anunciado una asociación con Palomar Excess and Surplus Insurance Company (PESIC), una subsidiaria de Palomar Holdings, Inc., para mejorar su programa de Alarmas de Seguridad e Investigación "Best In Class". PESIC, calificada como "A" (Excelente) por AM Best, fortalecerá la capacidad del Mechanic Group para proporcionar Cobertura de Responsabilidad General y Umbrella personalizada para la industria de Seguridad y Alarmas.
Los beneficios clave de la asociación incluyen:
- Autoridad de suscripción avanzada para una rápida emisión de pólizas
- Gestión experta de reclamaciones
- Características de cobertura integral personalizadas para la industria de Seguridad y Alarmas
Mechanic Group는 Specialty Program Group (SPG)의 한 부서로서, Palomar Holdings, Inc.의 자회사인 Palomar Excess and Surplus Insurance Company (PESIC)와 협력하여 "Best In Class" 보안 경보 및 조사 프로그램을 강화한다고 발표했습니다. AM Best의 평가에서 "A"(우수) 등급을 받은 PESIC는 보안 및 경보 산업에 맞춤형 일반 책임 보험 및 우산 보험을 제공할 수 있는 Mechanic Group의 능력을 강화할 것입니다.
이 파트너십의 주요 이점은 다음과 같습니다:
- 신속한 정책 발급을 위한 고급 언더라이팅 권한
- 전문적인 클레임 관리
- 보안 및 경보 산업에 맞춤화된 포괄적인 보장 하이라이트
Le Mechanic Group, une division de Specialty Program Group (SPG), a annoncé un partenariat avec Palomar Excess and Surplus Insurance Company (PESIC), une filiale de Palomar Holdings, Inc., pour améliorer son programme d'alarme et d'enquête sécuritaire "Best In Class". PESIC, noté "A" (Excellent) par AM Best, renforcera la capacité du Mechanic Group à fournir une couverture de responsabilité générale et umbrella adaptée à l'industrie de la sécurité et des alarmes.
Les principaux avantages de ce partenariat incluent:
- Autorité de souscription avancée pour une émission rapide des polices
- Gestion des sinistres experte
- Points forts de couverture complets adaptés à l'industrie de la sécurité et des alarmes
Die Mechanic Group, eine Abteilung der Specialty Program Group (SPG), hat eine Partnerschaft mit der Palomar Excess and Surplus Insurance Company (PESIC), einer Tochtergesellschaft von Palomar Holdings, Inc., bekannt gegeben, um ihr Programm für Sicherheitsalarme und Ermittlungen "Best In Class" zu verbessern. PESIC, die mit "A" (Exzellent) von AM Best bewertet wurde, wird die Fähigkeit der Mechanic Group stärken, maßgeschneiderte allgemeine Haftpflicht- und Umbrella-Versicherungen für die Sicherheits- und Alarmindustrie anzubieten.
Die wichtigsten Vorteile der Partnerschaft umfassen:
- Erweiterte Zeichnungsbehörde für eine schnelle Ausstellung von Policen
- Fachkundige Schadensverwaltung
- Umfassende Deckungshighlights, die auf die Sicherheits- und Alarmindustrie zugeschnitten sind
- Partnership with Palomar Excess and Surplus Insurance Company (PESIC), rated "A" (Excellent) by AM Best
- Enhanced "Best In Class" Security Alarm & Investigator Program
- Expanded coverage options and improved service efficiencies
- Advanced underwriting authority for faster policy issuance
- Expert claims management including risk assessment and efficient claims tracking
- None.
Insights
Leveraging over 30 years of industry experience, The Mechanic Group has long been a leader in customized insurance solutions for security guard companies, alarm installers, private investigators, and security consultants. Now, with the support of Palomar, the "Best In Class" Security Alarm & Investigator Program will offer expanded coverage options and improved service efficiencies.
"We are excited to partner with Palomar, whose expertise in specialty insurance will allow us to deliver even greater value to our brokers and clients," said Marc Katz, President of The Mechanic Group. "This partnership will further strengthen our "Best In Class" Security Alarm & Investigator Program, offering expanded coverage, improved service, and access to Palomar's robust underwriting capabilities."
Key Benefits of the Partnership:
- Advanced Underwriting Authority: Empowering brokers with swift, efficient policy issuance.
- Expert Claims Management: Including risk assessment, efficient claims tracking, and faster settlement negotiations.
- Comprehensive Coverage Highlights: Offering General Liability and supported Umbrella, and more, tailored specifically for the Security and Alarm industry
Palomar, recognized for its innovative approach to specialty insurance, will bring its underwriting and analytical expertise to the ProtectPlus Liability Program. Together, this partnership offers a powerful combination of industry knowledge and specialized coverage.
"We seek MGA's with a firm focus on underwriting discipline for ourselves and our reinsurance partners," said Jason Sears Executive Vice President, Head of Programs, of Palomar. "The Mechanic Group is a leader in the Security and Alarm industry, making them an ideal partner for Palomar. We are excited about the opportunity to collaborate with such a talented team in this niche market segment."
To learn more about our "Best In Class" Security Alarm & Investigator Program and how it can meet the specific needs of your business, please contact Marc Katz at mkatz@mechanicgroup.com.
About The Mechanic Group
The Mechanic Group specializes in writing customized, comprehensive insurance programs for the security and alarm industry. Since 1989, the group has been dedicated to serving this niche market with integrity and expertise. As part of Specialty Program Group LLC since 2019, The Mechanic Group has enhanced its ability to innovate and expand its product offerings. For more information, visit mechanicgroup.com.
About Palomar Holdings, Inc.
Palomar Holdings, Inc. (NASDAQ: PLMR) is the holding company of subsidiaries Palomar Specialty Insurance Company ("PSIC"), Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company ("PESIC"), and Palomar Underwriters Exchange Organization, Inc. Palomar's consolidated results also include Laulima Exchange, a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Palomar's insurance subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company, have a financial strength rating of "A" (Excellent) from A.M. Best.
About Specialty Program Group
Specialty Program Group LLC (SPG) is a leading specialty platform headquartered in Chicago,
CONTACT:
Mechanic: Marc Katz
Phone: (845) 735 0700
Email: mkatz@mechanicgroup.com
SPG Media: Lea Prses
Email: lea.prses@specialtyprogramgroup.com
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SOURCE Specialty Program Group
FAQ
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