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News
| 6/11/2008 |
The 2007 numbers are in for National Contractors
Insurance Company, Inc., A Risk Retention Group
- Another year of solid growth, with 2007 premiums increasing
by 16.5% over 2006
- Strength and security – reinsured
by am best rated a- ix, 95:5 quota share after 1st $10,000 – arguably
one of the strongest RRG’s in the construction
market
- Fabulous customer service, including 24 hour turn
around on quotes
- Online quick-rater launching June 15,
2008
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5/1/2007 |
It is our pleasure to announce effective
May 1, 2007 Greenlight Reinsurance, Ltd (GL Re) is the
reinsurance carrier for National Contractors Insurance
Company, Inc., A Risk Retention Group (NCIC) on a 95% /
5% quota share of all losses in excess of $10,000. GL
Re now covers 95% of all loses in excess of $10,000 per
claim. This contract will run continuously until
either party gives notice of cancellation.
GL Re is a property casualty reinsurance
company rated “A-“(Excellent) VIII” by
AM Best. The Best’s rating report and current
financial statements for GL Re can be found on their website
at www.greenlightre.ky. |
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For additional information please visit our website at www.4ncic.com or that of Contractor Managing General Insurance Agency, Inc. our managing general underwriter at www.cmgia.com
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