Overland Park, KS, August 08, 2011 --(PR.com
)-- Supermarket Insurance Group announced today that they have entered into a program partnership with State Auto Insurance Companies (NYSE:STFC), through Risk Evaluation and Design LLC (RED), a wholly owned subsidiary of State Auto dedicated to program business.
Bill Morrison, President of Supermarket Insurance Group, states, “We are extremely pleased to be associated with State Auto Insurance Companies. The financial strength of State Auto coupled with their broad licensing and our enhanced program product will allow us to fulfill our mission of building a world class operation focused exclusively on servicing the needs of the independent grocery retailer. This partnership will greatly benefit our producers and the grocers we currently serve and provide us the opportunity to eventually expand our territory to help independent retail grocers across the United States.”
Supermarket Insurance Group (SIG) is a group of experts specializing in insurance for independent retail grocers and operates as an underwriting general agency based in Overland Park, Kansas. The SIG team has over 30 years of experience in providing insurance and risk management services to the grocery industry. SIG markets its supermarket specific insurance programs through a select group of independent and grocery warehouse owned agencies.
State Auto Insurance Companies is a national specialty insurer group based in Columbus, Ohio. State Auto is rated “A (Excellent), Stable” by A.M. Best Company with a Financial Size Category of XIII (Surplus $1.25 to $1.5 Billion).
The program designed by RED, State Auto and SIG allows SIG to continue providing grocery specific coverages to protect the assets of independent retail grocers. Along with specialized coverage, independent retail grocers can benefit from SIG’s loss prevention programs and claims handling expertise to potentially reduce the cost of their insurance premiums over time.
This new partnership expands SIG’s relationship with State Auto by adding the Property and Casualty program being announced today with the existing Workers Compensation insurance program that SIG currently underwrites for RTW, another State Auto subsidiary.
“Supermarket Insurance Group’s knowledge of this market segment, their connections to the retail grocers and agents serving them, and their current relationship with our sister entity, RTW, made SIG a great choice as we consider program partners for State Auto,” said Kunal Gulati, RED’s Director of Marketing for the Midwest Region. “We look forward to a very successful partnership.”
About Supermarket Insurance Group
Supermarket Insurance Group underwrites and services policies on behalf of admitted insurance companies rated “Excellent” by A.M. Best. SIG is licensed to assist with the placement of insurance and works with many of the country’s leading agencies to provide quality insurance products and services tailored for independent retail grocers.
Learn more about Supermarket Insurance Group at www.SupermarketInsuranceGrp.com or call 913-948-7451.