Narragansett Bay Gets R.I. Renewal Rights from Quincy Mutual

December 22, 2009

Narragansett Bay Insurance Co. will begin offering homeowners coverage to Rhode Island policyholders of Quincy Mutual Fire Insurance Co. as part of a renewal right agreement between the two insurers.

Narragansett Bay will begin offering the coverage next month.

Both companies said they have already met with agents who have customers subject to this transfer, to review the details and timing. Both insurers have also agreed to offer policy credits for customers who use the same agent to home insurance with NBIC and auto insurance with Quincy Mutual.

“Our partnership with Narragansett is about taking care of customers and our independent agents by providing them with options,” said Kevin Meskell, executive vice president of Quincy Mutual. Meskell said the agreement was part of a strategy to “reposition” Quincy Mutual’s personal lines offerings with Rhode Island agencies.

Added Nick Steffey, president and CEO of NBIC: “This arrangement provides another avenue of growth in our home state with both our current independent agents and new agent partners.”

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Source: Narragansett Bay Insurance Co.

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