Preferred Concepts Launches Auto Industry Division

March 4, 2011

Preferred Concepts, LLC, a national insurance program administrator, has established an automotive industry underwriting unit, SeaFire Insurance Services a division that initially will specialize in franchise auto dealers, independent auto dealers, mechanical repair and collision repair facilities. SeaFire will provide retail agents with insurance products from the Chubb Group of Insurance Companies that address the challenges of automotive industry customers nationwide.

SeaFire uses a targeted and limited distribution model focusing on retail insurance agents with scale, brand, resources and auto dealer expertise. The principals of SeaFire have a combined 57 years of underwriting experience in the automotive marketplace.

Additional brokerage services are offered through Mercator Risk Services, another division of Preferred.

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