The company announced this week that the CRC group and a subsidiary of Trust Insurance Holdings, based in Alabama, have launched a mutual exchange, initially written in Florida, Georgia, Alabama, California and Colorado, the company announced this week.
A company spokesperson said that the church lives in the Mutual Insurance Exchange Illinois and plans to work in all 50 states after the license is completed. Mutual cooperation has received about $ 100 million in financing.
“We are happy to announce the establishment of the church mutual insurance exchange, which, along with our current high -quality career partners, will allow us to serve the coastal commercial E&S property market, which we have supported for more than 25 years,” said Brian Red, CEO of Amk, in a statement.
Amk will be a special managing agent for the church. AM’s best financial rating firm has assigned the firm’s financial power classification.
Amk, based in the Houston area, is one of the largest cats based on cats and has mastered coastal commercial property in writing. It has reported more than 2 billion billion in the additional and additional annual written premium. It was founded in 2000.
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