Gramercy Insurance Company Launches Trucking Liability Program

February 7, 2008

Gramercy Insurance Company (GIC), a global property and casualty insurer, announced the expansion of its Commercial Auto division with the addition of truck liability insurance. GIC now provides a single source solution for those customers seeking physical damage, cargo and liability coverage. GIC has named a select group of agents to its Founders’ Circle and launched the program in a ceremony with the Founders Circle agents in Dallas.

Antonio Barner, Gramercy’s vice president of operations, said the company believes this type of program is needed by small to medium transportation companies. Adding this program keeps GIC aligned with its strategic vision to offer a full commercial auto suite of risk solutions to a niche market, the company said.

AmWINS Transportation, formerly Seaboard Underwriters, acts as the program’s managing general agency for underwriting and policy issuance within guidelines developed and controlled by Gramercy.

National Transportation Adjusters Inc. (NTA) serves as the third party claims administrator. NTA is recognized as one of the country’s leading TPAs serving the trucking industry.

The whole program is reinsured by GMAC RE, a long time partner of GIC.

GIC’s trucking liability program targets small to medium trucking companies with units from one to 100. GIC’s primary focus is long haul trucking operations with an unlimited radius (in excess of 200 – 300 miles) using dry and refrigerated vans, flat bed, non-hazardous bulk tankers and containerized freight.

Founded in 1979, Gramercy Insurance operates from dual offices in Dallas, Texas, and Norcross, Ga. GIC underwrites Truck Liability, Truck Physical Damage, Motor Cargo, Contractors Equipment, and Builder’s Risk across the southern U.S., and beyond. Gramercy also insures and reinsures Contractual Liability Policies for Extended Service Contracts and is rated B+ by A.M. Best.

Source: Gramercy Insurance Company, www.gic.com

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