Tower Hill Specialty Enters Illinois Property Insurance Market

Ohio-based Tower Hill Specialty is now offering property insurance in Illinois.

Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products. Insurance coverages for vacation homes, rental properties and fixer-uppers are some of the specialized products that the company offers.

Tower Hill Specialty will be available in 21 states across the continental U.S. by year-end 2019, with specific regions targeted at each phase of the expansion. CEO Manny Rios, a 30-year veteran of the property insurance industry, said in a statement that Tower “provides quality, high-demand insurance products to underserved markets at competitive rates. Our targeted focus and business model afford us the opportunity to respond quickly in a dynamically changing marketplace.”

The company’s regional expansion now includes these key states: Alabama, Georgia, Indiana, Illinois, Ohio Texas and Wisconsin.

Through a network of regional and national insurance carriers, the Tower Hill Specialty products are available exclusively through Tower Hill Prime Insurance Co.

An affiliate in the Tower Hill family of companies, Tower Hill Prime currently holds a Financial Strength Rating® of “A-” (Excellent) from A.M. Best Company. Founded in 2003 and with more than $110 million in surplus as of June 30, 2018, Tower Hill Prime offers both Personal Lines and Commercial Lines products throughout the Southeast and in the markets served by Tower Hill Specialty.

Source: Tower Hill Specialty

Topics Trends Excess Surplus New Markets Illinois Property Market