This partnership creates new opportunities for MiniCo to respond quickly to market demand to provide much-needed insurance solutions for commercial properties within the self-storage sector and beyond.
Rockville Centre, NY (PRWEB) July 06, 2016
Aran Insurance Services Group has announced a new partnership with London-based Lloyd’s. Aran’s property and casualty subsidiary MiniCo Insurance Agency, LLC, has been named a Lloyd’s coverholder. This status grants MiniCo the authority to underwrite business in the United States and Canada on behalf of Lloyd’s syndicates.
As a Lloyd’s coverholder, MiniCo will be granted access to the Lloyd’s brand and financial security. The company will develop unique specialty insurance products designed to provide innovative property insurance solutions and support MiniCo’s independent agent network.
Aran Insurance Services Group Co-Founder and Chairman Tim Kenny commented, "We value the opportunity to partner with Lloyd’s and look forward to working together to develop new programs for Aran’s subsidiary MiniCo Insurance Agency."
John LaCava, Aran Insurance Services Group President and CEO, added, "This partnership creates new opportunities for MiniCo to respond quickly to market demand to provide much-needed insurance solutions for commercial properties within the self-storage sector and beyond."
About Aran Insurance Services Group
Aran Insurance Services Group is a multi-faceted company offering diversified insurance and financial services to the United States and Canadian markets. Aran specializes in both developing and acquiring insurance underwriting facilities offering specialty insurance products and services to the property casualty and accident health markets. For more information, visit http://www.aranins.com.
Lloyd's is the world's only specialist insurance and reinsurance market that offers a unique concentration of expertise and talent, backed by strong financial ratings and international licences. It is often the first to insure new, unusual or complex risks, providing innovative insurance solutions for local, cross border and global risks.