Stone Oak Underwriters, LLC of San Antonio, TX announces they are now accepting submissions from Independent Agents for Public Entities in Texas and Alabama with this new wholesale agency created by Tom Ramsbacher, President and Joe Cantu, Chief Operating Officer. Stone Oak Underwriters’ initial program focus will be serving local Independent Agents writing small to medium sized Public Entities such as Cities, Counties, Towns, Townships, Utility Districts and various other Special Purpose Districts. Early next year the agency plans to expand into the Public School market along with a handful of other specialty programs presently under review.
Their current available products for Public Entities including General Liability, Public Officials Liability, Law Enforcement Liability, Auto Liability and Physical Damage, Property, Inland Marine, Crime and Excess Liability, are written with A rated Carriers. “Joe and I have been underwriting and distributing specialty coverage through Independent Agents for over 20 years, with the majority of that time in key executive roles with such companies as Titan, USF&G, and Trident,” commented Tom Ramsbacher, President of Stone Oak Underwriters. Their plans include expanding access to local agents in the states of CO, GA, IN, KY, MS, NY, NC, OH, PA, SC and WI over the next several months.
Contact Tom Ramsbacher, Stone Oak Underwriters, (877)-836-0670 or Sales@stoneoak.com or
http://www.stoneoak.com/
Additional Information:
Depending upon the size of the entity and complexity of the operations, some professional lines coverage may be offered on a non-admitted basis, while the package products will be written on admitted paper. Currently the agency has resident and non-resident licenses approved in six states with the remaining states in process of approval with the various state insurance departments. Joe Cantu, Chief Operating Officer states “Our background and expertise in the select class of public entities and the independent agents that serve them, allows us to have a major voice in coverage design, pricing approach and distribution strategy”. They note that leveraging this knowledge gives them distinct opportunities for other specialty products by matching this same agency base and their respective needs to markets that may have distribution challenges.
Joe Cantu was one of the founding partners and Chief Underwriting Officer of Trident Insurance Services, from 2000 to 2004 and prior to that was Vice President-Underwriting for Titan Indemnity Company’s Public Entity division with responsibilities for rate and form development, regulatory compliance and filings, as well as reinsurance placement from 1987 to 1998. He also spent two years as an Underwriting Supervisor at Marinco, Inc. from 1985 to 1986 specializing in public entities.
Tom Ramsbacher served as Vice President and Elected Officer of Titan Holdings, Inc, from 1998 to 2004 and prior to that was President of Charter House Underwriters, and Vice President of Governmental Entities for USF&G from 1994 to 1998. His previous roles included, Vice President for Titan Indemnity Company’s Public Entity division with responsibilities for distribution, underwriting and risk management from 1987 to 1994, and was a public entity underwriter for Marinco, Inc. in 1986.
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