BancInsure, Inc. Announces New Partnership with Eagle Insurance and Imperial Casualty and Indemnity

New alliance to focus on PEO workers’ compensation.

Oklahoma City, OK, September 18, 2009 --( BancInsure announces today a new alliance with Eagle Insurance Agency Holdings, LLC and Imperial Casualty and Indemnity Company.

Eagle Insurance Agency operates as a Managing General Agency (MGA) with a focus on Professional Employer Organizations (PEO). Together with Imperial Casualty and Indemnity Company, they focus on providing superior workers’ compensation insurance specific to the unique risk management needs of PEOs.

“We are pleased to partner with BancInsure,” indicated Jerry Lancaster, Chairman and President of Eagle, “this partnership allows Eagle to benefit from the financial strength of two national insurers to serve the workers’ compensation insurance needs of our clients.”

“The BancInsure alliance with Eagle and Imperial is another example of the specialty programs that we have initiated in recent years,” said Rodney N. Sargent, President and CEO of BancInsure. “Leveraging the significant expertise of our partners, in specific niches has been a cornerstone of our history. In this instance, we have found two strong partners.”

“These arrangements augment BancInsure's core operations,” continued Sargent, "and do not alter our commitment to community bankers or the financial institution marketplace. BancInsure’s primary focus remains on banks.”

According to Terry McCullar, Chief Executive Officer for Imperial Casualty and Indemnity, “the partnership brings collective experience, unmatched expertise, and a carrier rated A- (Excellent) by A.M. Best Company to the PEO sector. Imperial is uniquely positioned to provide the niche expertise required to serve the PEO community.”

Under the alliance agreements, Eagle and Imperial will provide expertise and resources in the marketing, sales, underwriting and claims handling of workers' compensation insurance specific to professional employer organizations. For more information on Eagle and its offerings for PEOs, please contact Terry McCullar at (214) 618-6900 or Jerry Lancaster at (972) 668-6700.

Peter Risman
(210) 854-7121
5005 North Lincoln Boulevard
Oklahoma City, Oklahoma 73105