Effective January 1, 2018, State National Insurance Company, Inc. and National Specialty Insurance Company (hereinafter collectively “State National”) became the newest insurance carriers for Safe Harbor Pollution Insurance. State National joins an existing panel of admitted supporters including Starr Indemnity & Liability Company (A.M. Best ‘A Excellent’ rated) and Berkshire Hathaway Specialty Insurance (A.M. Best ‘A++ Superior’ rated).
State National (A.M. Best ‘A Excellent’ rated) is the nationally recognized leader in fronting, offering the most freedom and accessibility to resources, allowing Safe Harbor to pursue the strategy best suited for their business.
Tony Gerone, Principal of Safe Harbor, expressed, “We are really looking forward to working alongside State National. This relationship is a great opportunity to strengthen our existing portfolio, as well as explore innovation with new products.”
On the cusp of their fifth year in business, Jack Falvey, VP of Operations for Safe Harbor, notes the importance of this decision.
“As Falvey Insurance Group continues to expand its offering, State National is an ideal partner for a General Agent like Falvey. We decided to start our relationship with State National due to their ability to let us drive our programs to better serve our clients and broker partners.”
Additionally, Safe Harbor will also open a new facility at Lloyd’s of London to expand opportunity for international pollution risk enabling them to provide global solutions. This international facility is in addition to the 100% admitted facility subscribed to by Starr Indemnity & Liability Company, Berkshire Hathaway Specialty, and State National that is admitted in all 50 States and Washington, D.C.
About Safe Harbor Pollution Insurance
At Safe Harbor, the newest name in vessel pollution insurance is also the most experienced. As veterans of WQIS, and with roughly 50 cumulative years of experience, Safe Harbor offers the strongest and longest track record of continuous applied expertise in the vessel pollution industry. Safe Harbor supports clients with the industry’s leading infrastructure and institutional knowledge available in the market today. Offering the broadest coverage, largest spill response network and most transparent claims process in the industry, Safe Harbor is more than an insurance company; but a partner and vessel pollution expert you can trust. – www.safeharborpollutioninsurance.com
About State National
State National was founded in 1973 to simplify the complexities of insurance for our clients. From the beginning, our high-quality programs and superior service helped us create a unique insurance company that thrives on strong customer relationships and customized solutions to address the nuances of each customer’s business. Our innovative insurance products are the foundation of our Collateral Protection Insurance business. In 1979, we expanded our products to include a fresh perspective on insurance by assuming control of our first insurance company, the genesis for our fronting business. Through a strong history of strategic alliances and acquisitions, State National brings together people and technology to remove barriers. – www.statenational.com
About STARR Companies
STARR Companies (or STARR) is the worldwide marketing name for the services offered by the operating insurance and travel assistance companies and subsidiaries of STARR International Company, Inc. and for the investment business of C.V. Starr & Co., Inc. The shared history of STARR Companies can be traced back to December 1919, when Cornelius Vander Starr founded an insurance company in Shanghai, China. Starr formed STARR International in September 1943 in Panama. During the 1940s,
STARR International became the parent company to all of the overseas companies. C.V. Starr was incorporated in 1950 and served as the parent company for various Starr insurance enterprises. Starr Indemnity & Liability Company holds an A.M. Best financial strength rating (FSR) of "A" (Excellent), Financial Size Category XIV, and an issuer credit rating (ICR) of "A".
About Berkshire Hathaway
Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance. We are part of Berkshire Hathaway’s National Indemnity group of insurance companies, consisting of National Indemnity and its affiliates, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. We are part of Berkshire Hathaway’s insurance operation, which has been in business since 1940 and has a long history of writing all types of risks, including the most complex. The Berkshire Hathaway brand is synonymous with trust, integrity and prudent risk taking. It is a company known for doing the right thing for customers, colleagues and business partners. BHSI is continuing – and building on –this tradition.