Established in 1985, NUS has earned the respect of industry leaders and business associates across the nation. In the first quarter of 2017, we were faced with the challenge of a great carrier partner, Transamerica Life Insurance Company, exiting the stop loss insurance business. NUS was overwhelmed with the support, interest and offers to work with us from several highly reputable carriers and reinsurers. We were humbled and appreciative of the opportunities and concern that was conveyed to us. After several months of consideration, NUS ultimately decided on two carriers to take us into the next chapter, Greenwich Insurance Company, a subsidiary of XL Catlin (www.xlcatlin.com) and Fidelity Security Life Insurance Company (www.fslins.com). The following release was issued on July 10, 2017:
National Underwriting Services, Inc. is very pleased to announce, effective immediately, it will be providing MGU services for two premier strategic carrier partners, Greenwich Insurance Company and Fidelity Security Life Insurance Company. NUS President Tom Gage stated, “We feel these two carriers best align with our business model and innovative approach to customized underwriting and product management for our clients.”
Greenwich Insurance Company is a wholly-owned subsidiary of XL Group Ltd, a NYSE listed company (Symbol: XL). XL Group, through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products throughout the world. XL Group’s core P&C operating companies, including Greenwich, are rated “A+” by Standard & Poor’s and Fitch, “A” by A. M. Best, and “A2” by Moody’s. For more information, visit xlcatlin.com. Greenwich Insurance Company is a Delaware-domiciled insurance company which has been in existence since 1946. Greenwich is rated “A+” by Standard & Poor’s and “A” by A. M. Best.” XL Catlin is one of the largest Property and Casualty carriers in the world with international, multiline capabilities. For more information, visit www.xlcatlin.com.
Fidelity Security Life Insurance Company, based in Kansas City, Missouri for over forty-five years, was chartered in 1969. FSL was founded out of the need in the market for customized insurance products for niche markets. More than forty-five years later, they continue to take pride in having “non-shelf” products, tailoring each program to customer’s needs. With $900 million in both assets and annual premium, and $200 million in capital and surplus, Fidelity Security Life Insurance Company has been rated A- (Excellent), based on an analysis of financial position and operating performance by A.M. Best Company, an independent analyst of the insurance industry. For the latest rating, access www.ambest.com. For more information visit www.fslins.com.
National Underwriting Services, Inc. was founded in 1985 in Helotes, Texas (San Antonio area) and continues to operate from its corporate office in Helotes along with an office in Omaha, Nebraska. NUS is one of the few remaining privately owned MGUs with original ownership. Our business model of working with fewer clients on a more selective basis, allows us to focus on the specific needs of each client to achieve mutual success. Our client, carrier, and reinsurance partner relationships are the cornerstone for our mutual success now and into the future. For more information visit www.nus1.com.
For any questions or additional information, please contact Tom Gage, President at 402-614-9330 or Dana Driscoll, Executive Vice President at 210-695-2381, Ext. 202.