WAYZATA, Minn., Dec. 27, 2021 (GLOBE NEWSWIRE) — Trean Insurance coverage Group, Inc. (Nasdaq: TIG), a number one supplier of services and products to the specialty insurance coverage market, introduced at present that its subsidiary, Benchmark Insurance coverage Firm, a number one author of program enterprise, shaped a brand new extra and surplus traces subsidiary, Benchmark Specialty Insurance coverage Firm, an Arkansas home surplus traces provider. The brand new entity joins Benchmark Insurance coverage Firm, a Kansas domiciled provider, American Liberty Insurance coverage Firm, a Utah domiciled provider, and 7710 Insurance coverage Firm, a South Carolina based mostly provider, as members of the Trean Insurance coverage Group.
Now that it has secured approval in its domicile state of Arkansas, Benchmark’s new E&S subsidiary is working to acquire the remaining regulatory approvals essential to conduct enterprise all through the US. With admitted and non-admitted carriers, Trean Insurance coverage Group firms have the potential to supply a full vary of threat options to our Program Companions and Normal Brokers.
About Trean Insurance coverage Group, Inc.
Trean Insurance coverage Group, Inc. (NASDAQ: TIG) gives services and products to the specialty insurance coverage market. Trean underwrites specialty casualty insurance coverage merchandise each by means of its program companions and its personal managing basic businesses. Trean additionally gives its program companions with a wide range of providers together with issuing provider providers, claims administration and reinsurance brokerage. Trean is licensed to jot down enterprise throughout 49 states and the District of Columbia. For extra data, please go to www.trean.com.
This press launch comprises forward-looking statements as that time period is outlined within the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embody statements that aren’t historic or present details. These statements might talk about the Firm’s web revenue, money movement, monetary situation, impairments, expenditures, progress, methods, plans, achievements, capital construction, organizational construction, market alternatives and basic market and business circumstances. Such forward-looking statements may be recognized by phrases corresponding to “anticipate,” “estimate,” “count on,” “intend,” “plan,” “predict,” “challenge,” “imagine,” “search,” “outlook,” “future,” “will,” “would,” “ought to,” “may,” “might,” “can have,” “seemingly” and related phrases. Ahead-looking statements are based mostly on administration’s present expectations and assumptions about future occasions. These statements are solely predictions and should not ensures of future efficiency. Ahead-looking statements contain dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements if the underlying assumptions show to be incorrect or because of dangers, uncertainties, and different components, together with the impression of the COVID-19 pandemic on the enterprise and operations of the Firm, our program companions and different enterprise relations. Different components that will trigger such variations embody the dangers described within the Firm’s filings with the U.S. Securities and Trade Fee, together with the Firm’s Annual Report on Kind 10-Okay for the yr ended December 31, 2020. These forward-looking statements communicate solely as of the date on which they’re made. Besides as required by relevant securities legal guidelines, the Firm disclaims any obligation to replace or revise any forward-looking assertion, whether or not because of new data, future developments, modifications in assumptions or in any other case. Buyers are cautioned to not place undue reliance on the forward-looking statements contained on this press launch or in different filings and public statements of the Firm.
Supply: Trean Insurance coverage Group, Inc.