Great American Insurance Company and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation, have entered into a limited binding authority agreement.
Under the terms of the agreement, RPX Insurance Services, which specializes in patent litigation insurance, will underwrite and issue policies on behalf of Great American E & S Insurance Company.
RPXIS began underwriting policies on behalf of an affiliated risk retention group in 2012. In 2014, it established itself as a coverholder with Lloyd’s of London. This agreement with Great American is a natural progression allows RPX to align its underwriting and claims capabilities with a U.S.-based carrier.
RPX Corporation is a provider of patent risk and discovery management products, including patent litigation insurance. Using its proprietary actuarial model, RPX Insurance Services provides integrated claims management, preferred provider legal services, and case resolution support.
The operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
Was this article valuable?
Here are more articles you may enjoy.
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
