Companies & Services: Prime
Prime Holdings Insurance Services, Inc.
Prime Holdings Insurance Services, Inc., founded in 1992, is a holding company for a suite of excess and surplus lines insurance service companies offering underwriting, risk management, claims, brokerage and financing services nationwide. With offices in Salt Lake City, Naples, and Chicago, Prime Holdings wrote $52.8 million in premiums in 2016, $117.1 million in premiums in 2017, $174.5 million in premiums in 2018, and $222.9 million in premiums in 2019.
Prime Insurance Company (“Prime”)
Prime, a surplus lines insurance company, was funded by a cash infusion of $16 million in May 2006. In 2009, Prime merged with The Prime Insurance Syndicate, Inc. (“Prime Syndicate”), with Prime Insurance Company as the surviving company. Prime provides a stable market for specialty risks including commercial property, inland marine, healthcare services, commercial liability, garage services, professional liability, and many more. The Prime companies have formed a number of strategic relationships with some of the world’s premier insurance organizations, including Lloyd’s of London, Gen Re, and RLI. Prime currently holds an A.M. Best rating of “A” (Stable).
Prime Property & Casualty Insurance Company Inc. (“PPCI”)
PPCI is an admitted carrier that provides liability coverage for taxis, business auto, drive away operations, towing, repo, trucking and more.
Evolution Insurance Brokers (EIB)
EIB is Prime’s full-service brokerage specializing in excess and surplus lines insurance nationwide. Through EIB, independent producers find solutions for specialty liability, professional, property and casualty, and specialty risks.
Services
Underwriters Direct Access (UDA)
UDA underwrites business for Prime Insurance Company and Lloyd’s of London and is structured to provide careful underwriting as a third party administrator.
Claims Direct Access (CDA)
CDA handles claims for Prime Insurance Company and Lloyd’s of London and is structured to provide aggressive claims handling as a third party administrator. Click here for more information.
Risk Management Direct (RMD)
RMD provides risk management services for Prime Insurance Company and Lloyd’s of London and is structured to provide attentive risk management as a third party administrator.
Greenlight Premium Finance Company
Greenlight Premium Finance Company, a Prime-owned finance company, provides customers with the ability to place and finance coverage in one place.