Adirondack Exchange Opens for New York Personal Lines

August 22, 2006

Adirondack Insurance Exchange is now offering auto, homeowners, package, boat, fire and personal umbrella insurance to New York consumers, through select independent insurance agents.

Adirondack, an insurance exchange that is managed by Adirondack AIF LLC, a wholly owned subsidiary of OneBeacon Insurance Group, is writing only in the New York personal insurance market.

“A dedicated New York organization like Adirondack Insurance Exchange enhances the ability to deliver innovative products and value-added services – all supported by completely local employees and independent agents,” according to Thom McDaniel, president of Adirondack AIF LLC.

Adirondack is not necessarily a typical new company, however.

“Most of the business going into Adirondack is profitably insured now by members of the OneBeacon group and will transfer over the next several months,” said McDaniel. “OneBeacon’s independent insurance agents have been appointed as Adirondack partners, so customers will continue to receive high-quality service from insurance experts who live and work alongside them.”

Adirondack Insurance Exchange is headquartered in Williamsville, New York. The company is rated A (Exceptional) by Demotech, Inc.

OneBeacon Insurance Group is wholly owned by White Mountains Insurance Group, Ltd., of Hamilton, Bermuda.

Source: OneBeacon

Was this article valuable?

Here are more articles you may enjoy.