Reliance Global Group, a subsidiary of Montvale, N.J.-based Empire Insurance Holdings, LLC has launched UniSurance, a new specialty insurance product for the multi-family real estate sector.
This program is being offered in response to growing demand from the real estate industry to address certain uninsured property exposures. The product was developed in collaboration with real estate and insurance executives.
Reliance Global Group can now offer this product to insured’s in all 50 states because of the formation of Reliance Global Insurance, Ltd, a Bermuda based captive insurance company, and the affiliation with a domestic AM Best A rated carrier.
UniSurance will be offered through select retail and wholesale channels. Other partnerships are being formed as well, so that the product can be offered as part of industry specific insurance package programs.
Ben Z. Goldberg, chief executive officer of Empire Insurance Holdings, LLC, said the company envisions further applications of this concept to other sectors, as well.