General Star Launches Allied Health and Churches & Schools Programs

(BRK.A), (BRK.B)

General Star Management Company has announced the debut of the Allied Health and Churches & Schools Programs. The programs will be offered through Promont Insurance Advisors, the program administrator. Together, they will provide eligible risks with customized insurance solutions. The programs will be written on a non-admitted basis.

Promont Insurance Advisors is a Chicago-based, industry-leading, specialized underwriting organization with a focus on Home Healthcare providers and Churches.

Coverage will be written by General Star Indemnity Company, rated A++ (Superior) by A.M. Best Company, and carries an AA+ Insurance Financial Strength Rating from Standard & Poor’s Corporation. General Star is a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies.

“This partnership is another exciting piece of our strategic commitment to providing insureds with the best possible coverage and care,” stated Jeff Longbons, President of Promont Insurance Advisors. “A critical element to the partnership is our ability to expand the product offerings of two very important pieces of Promont’s portfolio: Allied Health and Churches & Schools Programs. In addition to possessing financial stability, General Star is a stalwart player in the Managing General Agency and Program Administration space. They understand how to help Promont continue to improve our industry-leading response time and service levels.”

“We are excited to partner with Promont to provide coverage on a customized basis for allied health risks as well as insureds in the churches and schools marketplace,” said Scott Ginsberg, VP and Program Underwriting Executive for General Star. “Promont has a nationwide reputation as a professional program administrator, with in-depth industry expertise. We are delighted to add that skill to the equation.”

General Star President and CEO Martin Hacala said he is eager to expand General Star’s program offerings via this recent collaboration with Promont. “Their specialized knowledge of the business is a terrific advantage. I have great confidence in the ability of the program to rapidly achieve its potential. Allied Health and Churches & Schools will have the comfort of a very secure insurer ready to deliver the protection they need.”

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.