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Ullico Casualty Group Inc. Partners with State National Insurance Company to Offer “A” Rated Insurance
WASHINGTON, D.C. (March 21, 2012) – Ullico Casualty Group Inc. (“Ullico Casualty”) a subsidiary of Ullico Inc. a privately held specialty insurance and investments holding company serving the union workplace, today announces its offering of “A” rated Professional Liability policies with State National Insurance Company (“State National”).
The Ullico Casualty policies written with State National, which is rated “A” Excellent by A.M. Best Company*, will provide policyholders competitive Fiduciary Liability and Union Liability coverage at affordable premiums. As liabilities for unions and benefit funds evolve, coverage will be continuously updated to meet market needs.
“The partnership with State National will continue Ullico Casualty’s 25-year reputation for offering highly-regarded, competitive coverage to our policyholders,” said Edward M. Smith, President and CEO of Ullico Inc. “We are excited about this policy offering and the benefits that it will bring to our producers and policyholders.”
The partnership with State National also marks the end of Ullico Casualty’s relationship with Hudson Insurance Company. The new policy offerings with State National will be comparable and, will provide even broader coverage.
“Our experienced claims professionals and underwriters will continue to manage policy administration and will ensure a seamless transition,” Smith said. “Our producers may submit renewal and new business accounts to their trusted team here at Ullico on behalf of policyholders as they have always done to take advantage of these policy offerings.”
About Ullico Inc.
Ullico Inc. is a $5.6 billion insurance and financial services holding company whose subsidiary companies include The Union Labor Life Insurance Company; Ullico Investment Advisors Inc.; Ullico Investment Company; Ullico Casualty Company; and Ullico Casualty Group Inc. For additional information, visit www.ullico.com.
* Ratings as of March 1, 2012.
Chief Communications Officer