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News
| 12/22/09 |
National Contractors Insurance Co., Inc. a Risk Retention Group, Announces Initial A.M. Best Rating of B+ (Good)
Bigfork, Montana, December 22, 2009 –National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”) domiciled in Bigfork, Montana, has announced that A.M. Best has assigned NCIC an initial financial strength rating of B+ (Good), with a “stable” outlook.
In notifying NCIC of the B+ (Good) rating assignment, A.M. Best further stated that the ratings “reflect NCIC's adequate capitalization and experienced management team as well as its solid business plan, which is also weighed into the profitability metrics of the rating”.
Douglas Rubino, President of NCIC, outlining his perspective on the A.M. Best’s rating, responds: “We are pleased with receiving an initial rating of “B+ (Good)” from A.M. Best. Our B+ rating, which signifies NCIC’s financial position in A.M. Best’s “secure” category along with other highly rated carriers, is the result of years of careful management, responsible underwriting and fiscal conservatism overseen by the talented team of professionals I am fortunate to work with at NCIC.”
Mr. Rubino added “We look forward to the news of our strong rating assignment being enthusiastically received by our highly valued risk retention group members and our superb network of independent agents and brokers.”
NCIC exclusively serves those in the building profession, offering commercial general liability insurance coverage to builders and contractors in a large number of states through a network of independent insurance agents and brokers.
For additional information, visit the NCIC Web Site at www.4ncic.com or contact Alan Ring, Director of Sales & Marketing, at 714-612-8616 / aring@4ncic.com. |
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| 10/1/2009 |
NCIC Names Alan Ring as Director of Sales & Marketing
Alan Ring has joined National Contractors Insurance Company, Inc., a Risk Retention
Group ("NCIC") headquartered in Big Fork, Montana, as Director of Sales & Marketing.
Prior to joining NCIC, Mr. Ring was a Regional Manager for construction-related
publications and affiliated online properties, including CONTRACTOR, Green
Mechanical Contractor, Engineering Green Buildings and Building Design +
Construction.
Mr. Ring also served as a Business Development Manager for Brown & Brown of
California, Inc., located in Orange, California.
Prior to Brown & Brown, Mr. Ring was Vice President / Sales & Marketing for Wells
Publishing, publishers of Insurance Journal. While at Wells, he expanded and
managed the sales team as Insurance Journal grew from two to five regional editions
with nationwide print and online news coverage. He also developed a producer
development scholarship program.
“NCIC is pleased to have Alan join our firm”, states Douglas Rubino, NCIC President. “We value his unique blend of direct experience and in-depth knowledge of
insurance, construction, business media, sales and marketing.
Mr. Ring has a BA in History from UCLA, a Professional Designation in Advertising &
PR from UCLA Extension, and a Construction Risk & Insurance Specialist (CRIS)
Certification from the International Risk Management Institute (IRMI).
Mr. Ring can be reached at NCIC’s Anaheim Hills, California, office - aring@4ncic.com / 714-612-8616. |
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| 9/21/2009 |
NCIC Announces Expansion to Additional States: LA, NC, TN, WA
National Contractors Insurance Company, Inc., A Risk Retention Group ("NCIC") has
announced that the filing process has been completed in the States of Louisiana,
North Carolina, Tennessee and Washington for the Company is begin writing
Commercial General Liability coverages in those states. |
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| 6/12/2009 |
National Contractors Insurance Company, Inc., A Risk Retention Group
("NCIC"), releases 2008 numbers
The highlights:
- NCIC business has remained extremely stable in a challenging marketplace,
with 2008 premiums holding steady compared with 2007
- NCIC continues to be reinsured by an A.M. Best rated A- ix reinsurer, 90:10
quota share after 1st $10,000, continuing its track record as one of the
strongest RRG’s in the construction market
- Ongoing strong customer service, including 24 hour turn around on quotes
- Online quick-rater premium indicator launched one year ago helps producers
estimate premium pricing
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| 2/5/2009 |
Redomestication to Montana
National Contractors Insurance Company, Inc., A Risk Retention Group ("NCIC") has announced its redomestication to Montana and its expansion to AR, GA, ID, KY, NJ,
OR, PA, SC, & WY with appointments pending in LA, NC, TN, & WA. |
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| 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 |
Greenlight Reinsruance, Ltd
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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