SUA Signs Contract with Ill.-based American Patriot

Specialty Underwriters’ Alliance, Inc. has signed a new contract with Westchester, Ill.-based American Patriot Insurance Agency, Inc., a wholesale agency that specializes in roofing contractors. American Patriot provides commercial general liability and commercial auto liability both directly and through retail brokers. It will focus initially on fourteen states in the central and southern regions.

Courtney Smith, president and chief executive officer of SUA, stated, “American Patriot provides a great opportunity to market to the small to medium roofing industry. They are owned by the same principals as ABC Supply Company, the largest roofing materials supplier in the country. We anticipate American Patriot will begin writing business in the first half of 2006 and are excited about our partnership.”

In conjunction with the partner agent contract, American Patriot has agreed to purchase $1 million of SUA’s Series B common stock.

Topics Illinois