Chicago, IL (February 20, 2019)
Prime Insurance Company has announced the addition of three top insurance companies to its roster of reinsurers. As a premier excess and surplus lines insurance carrier for specialty risks, Prime has longstanding strategic relationships with Lloyd’s of London, Gen Re, and RLI. Today, the company has the extra support of National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc.; AXA XL, a subsidiary of global insurance and reinsurance company AXA; and Transatlantic Re.
“We are pleased to have the added power and prestige of these reinsurers behind us,” says Rick J. Lindsey, CEO, President and Chairman of Prime Insurance Company. “We believe it’s a natural extension of our strength, stability and growth.” Prime writes business in all 50 states up to $10 million limits in-house and up to $20 million through reinsurance partners. Prime is rated A by A.M. Best* and has developed a bold business model that has inspired 30 years of success and growth.
Over the past few years, Prime has seen great expansion, especially with the introduction of “All-In-One” approach, which is customized coverage that encompasses specialty liability, property and casualty, professional, individual and commercial auto insurance.
Prime provides fast, flexible underwriting and a partnership approach to specialty liability, professional, property and casualty insurance coverage. The company’s proven partnership approach to underwriting, risk management and claims has inspired 30 years of success and growth. Adds Mr. Lindsey, “We look forward to working with all our reinsurance partners and serving the specialty lines market with even greater support.”
Prime Insurance Company, Inc. is an excess and surplus lines insurance carrier with offices in Chicago, IL; Naples, FL; Exton, PA; and Salt Lake City, Utah. For more information, please contact Barbara Malkowski, Sr. VP Marketing and Board Member, barbaram@primeis.com or 312-884-5801.
*For latest updates visit www.ambest.com
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Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.
