BancInsure Announces Partnership with KnightBrook Insurance Company

OKLAHOMA CITY--(BUSINESS WIRE)-- BancInsure’s President and CEO, Cara Byrne, signed a letter of intent today with KnightBrook Insurance Company. “This new partnership allows BancInsure to honor its steadfast commitment to provide A rated paper to the financial institution marketplace,” stated Byrne.

The BancInsure Program will issue KnightBrook Insurance Company policies that include BancInsure’s core products designed for financial institutions. Underwriting management and policy services will remain with BancInsure. This includes Directors and Officers Liability, Financial Institution Bond, Kidnap & Ransom, Excess Deposit Bond, Commercial Package Policy, and Lenders Single Interest. KnightBrook Insurance Company is headquartered in Los Angeles, CA, holds an A- (Excellent) Financial Strength Rating from A.M. Best Company, and is a part of the Hankey Group with 1,700 employees and over $1 billion in net worth.

“The partnership with KnightBrook Insurance Company is an enhancement of the current BancInsure Program and is part of an ongoing campaign designed to strengthen our market-leading position as the provider of choice for financial institution insurance needs,” continued Byrne. “KnightBrook is an ideal partner for BancInsure and will provide additional resources and options to our customers and business partners as we launch the program in the first quarter of 2012.”

“Leveraging the core competencies of both KnightBrook Insurance Company and BancInsure will be a key focus of this new partnership,” said Stephen Su, Chief Underwriting Officer of KnightBrook Insurance Company. “We are impressed with the underwriting knowledge, technical expertise, customer service focus, and strong business relationships possessed by the BancInsure and Matterhorn Financial Services operations and their employees.”

BancInsure has been specifically dedicated to the nation’s community banks for 25 years and retains an excellent business position strengthened by continued close ties to community banks and independent insurance agents serving the niche market. In addition, BancInsure is proud to have earned the endorsement of several state banking associations.

A full-line independent insurer specific to financial institutions, BancInsure's understanding of financial institutions and their intricate operations is unmatched in the marketplace. This translates to extraordinary value through complete risk mitigation and risk management solutions. Headquartered in Oklahoma City and licensed in 48 states, BancInsure has proudly earned an industry leading market share. www.bancinsure.com

BancInsure, Inc.
Brandy Crawford, 405-416-5202
Marketing Manager
[email protected]

Source: BancInsure