PGI Expands Habitational Program into 11 Additional States

October 23, 2006

PGI Commercial (PGIC) of Morristown, N.J. has expanded the geographic reach of its habitational facility with Praetorian Financial Group.

The program is now available in D.C., Ill., Ind., Md., Mich., N.J., N.Y., Ohio., Pa., Texas, and Wis., as well as the original territory of Ariz., Calif., Colo., Idaho, Nev., N.M., Ore., Utah and Wash.

PGIC underwrites coverage for apartment buildings and condominiums on a package or mono-line basis. Property, general liability, crime and hired and non-owned automobile coverages are offered.

PGI Commercial is the U.S. program manager of Bermuda-based insurance distributor Primary Group Limited. PGIC manages property and casualty programs on a nationwide basis.

The Praetorian Financial Group is a specialty insurer. The group’s insurance subsidiaries, Praetorian Insurance Co. and Redland Insurance Co., are rated “A-” (Excellent) by A.M. Best with a stable outlook, and “A” (Strong) by Standard & Poor’s with a stable outlook. Headquartered in New York, Praetorian Financial Group is a subsidiary of Hannover Re.

Source: PGI Commercial

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