Prime Authorized to Write Surplus Lines in Washington

December 7, 2004

Sandy, Utah-based Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in the state of Washington effective as of Nov. 1, 2004. Prime, which offers solutions for hard-to-place risks, will offer lines in Washington including commercial liability, commercial auto liability, commercial property, inland marine, garage services, healthcare services, personal lines, and professional liability. With authorization in Washington, Prime now has authority to write surplus lines business in 41 U.S. states and territories.

“In past years Prime has been able to write only limited business in Washington through its relationship with Lloyd’s of London syndicates,” said Rick Lindsey, president of Prime. “We are excited that we now have the ability to offer all of our lines in Washington, which will provide brokers and agents an opportunity to obtain coverage in classes where they could not find coverage before — coverage for contractors, special events, bars, taverns, restaurants, offices, limos, tow trucks, auto dealers, nursing homes and assisted living centers, cosmetic medicine, and home and pet owners, just to name a few of the classes Prime writes.”

The Prime Insurance Syndicate Inc., a Prime Holdings Insurance Services company, is an excess and surplus lines insurance company serving over 41 U.S. states and territories with its own capacity and the remaining states with its authority from Lloyd’s of London. Over 2,500 producers use Prime’s products as solutions for their hard-to-place risks. Prime Holdings maintains a suite of excess and surplus lines service organizations offering underwriting, risk management, and claims services for agents, brokers, insureds, and alternative markets throughout the United States, Canada, and the U.S. Virgin Islands. Founded in 1992, Prime has formed strategic business relationships with some of the world’s most powerful insurance companies including Lloyd’s of London and General Cologne RE.

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