Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment including schools, other educational institutions and municipalities.
SRS provides primarily workers’ compensation and liability insurance to its public entity clients. According to a statement released by SUA, the company will focus on California initially and plans to expand into additional regions later this year. The company anticipates that future annual premium volumes will exceed $20 million. SRS has also agreed to purchase $1 million of SUA’s Series B common stock.
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