Great American Insurance Group Teams Up with Hub International on National Elevator Program
CINCINNATI -- October 27, 2016 -- Great American Insurance Group is pleased to announce that its Alternative Markets Division recently entered into an agreement with JM Associates / Burnham + Company, a division of HUB International Northeast, to be the insurance carrier for The National Elevator Insurance Program. The program offers specialized insurance coverage to elevator contractors, inspectors, consultants, distributors and manufacturers. This new offering is through Great American’s Elite Programs model and administered by the Hub International office located in Fort Lee, New Jersey.
"The National Elevator Program is the premiere insurance solution for elevator contractors nationwide, and we are honored to be the insurance carrier for this well-established, profitable franchise," stated Richard Suter, Divisional Senior Vice President, Alternative Markets. “We also feel privileged to be able to work with Hub, the recognized subject matter expert in this industry.”
Hub International Northeast has been creating comprehensive insurance and risk management products for the elevator industry for more than 40 years. The majority of their employees have more than 20 years of experience in arranging insurance for customers involved in various aspects of the elevator industry.
“We’re thrilled that Great American has become our exclusive general liability partner for our customers,” adds John Tateossian, First Vice President and National Elevator Program Director, Hub International Northeast. “Given their focus on program business in combination with the company’s excellent financial strength, we are excited about the long-term potential of this relationship and enhanced offerings we can now offer our customers through this exclusive program.”
About Great American Insurance Group Alternative Markets
Great American Insurance Group’s Alternative Markets Division has been building long-term, profitable insurance relationships since 1999. The Division operates four businesses: Agency Captive Programs, Group Captive Programs, Elite Programs and Cyber Risk. Find more information about these products at greatamericancaptive.com.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years (most recent rating evaluation of “A+” (Superior) affirmed May 12, 2016). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
Coverage description is summarized. Refer to the actual policy for a full description of applicable terms, conditions, limits and exclusions. Products are underwritten by Great American Insurance Company of New York, Great American Alliance Insurance Company and Great American Assurance Company, authorized insurers in all 50 states and DC. 301 E. Fourth St., Cincinnati, OH 45202.
About Hub International
Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States, Canada and Puerto Rico.
ContactsGreat American Insurance Group
Richard Suter, 860-683-4746
Divisional Senior Vice President, Marketing
Alternative Markets Division
Hub International Limited
Cara Siegel, 516-677-4992
Vice President, Communications – East Region
Diane P. Weidner
Assistant Vice President, Investor and Media Relations
American Financial Group, Inc.