Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Co., today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and underwrite commercial general liability programs to the underserved construction segment, including the roofing trade. These programs will be available through selected brokers in ten states in the western region. Flying Eagle is headquartered in Minden, Nevada and has over 15 years experience underwriting this customer class, according to SUA Insurance’s release.
“Flying Eagle represents a great opportunity, as they complement our existing contractors book and have substantial experience writing this customer class,” said Courtney Smith, president and CEO. “We look forward to welcoming this new Partner Agent to our organization and expanding our offerings in the western region.”
In conjunction with the Partner Agent agreement, Flying Eagle has agreed to purchase $1 million of SUA’s Class B common stock.
Chicago-based Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Company, is a specialty property and casualty insurance company providing commercial insurance products through exclusive wholesale Partner Agents that serve niche groups of insureds.
Source: SUA
Topics Mergers & Acquisitions Agencies Underwriting Illinois
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