National Interstate Insurance Company, a Richfield, Ohio-based provider of captive insurance for the transportation industry, has been expanding its Large Account Rental Captive (LARC) program.
The LARC program is part of the company’s Alternative Risk Transfer component and provides an innovative risk management solution for clients with $2 million or more in annual insurance premiums.
The company has welcomed three new LARC customers in 2009, bringing the total number of in-force large account clients to seven. These customers have annual premiums in the $2 million to $11 million range.
National Interstate Corporation founded in 1989, is a specialty property and casualty insurance holding company with a niche orientation and focus on the transportation industry. It has 27 unique captive programs and more than half of its gross written premiums are derived from Alternative Risk Transfer products. The company is rated “A” (Excellent) VIII by A.M. Best, and in addition to Richfield, has operations in Honolulu, Hawaii; Mechanicsburg, Pa.; and St. Thomas, Virgin Islands.
National Interstate Corporation, www.natl.com
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