Western Insurance Holdings Forms New Company: On Point Risk Solutions [Manufacturing Close – Up]

Western Insurance Holdings, Inc., a property and casualty holding company, announced the formation of its newest company - On Point Risk Solutions, Inc.

According to a Jan. 19 release, On Point Risk Solutions brings a wealth of expertise to the surety and construction, and property and casualty insurance industries. On Point Risk Solutions is backed by Western Insurance Holdings, the parent of ICW Group Insurance Companies, a group of property and casualty carriers.

"On Point Risk Solutions goes beyond traditional third party claims administrators," said Kevin Prior, president of Western Insurance Holdings. "This is a flexible and nimble operation that can handle virtually every aspect of a claim, from straightforward claims adjustment to full underwriting support and claims administration services."

On Point Risk Solutions provides property and casualty services to commercial property and liability insurance carriers, managing general agents, reinsurers and self insureds (including public entities). It can handle every aspect of a claim, from coverage review, investigation and settlement, litigation management, and subrogation.

David Reilly, assistant vice president of On Point Risk Solutions, said, "We have extensive experience handling the largest and most complicated property and liability claims, with a special emphasis on coverage. On Point Risk Solutions is well positioned to handle virtually any type of claims program."

Sue Karlan, vice president of On Point Risk Solutions, said: "We are a third-party claims administrator and so much more. Our entire On Point Risk Solutions staff has worked in-house for many sureties, both large and small. If companies need temporary staffing, we have experienced adjusters ready to fill in. If the needs of your company are more complex, On Point Risk Solutions has the resources to provide a complete claims handling program. We truly understand the subtleties of the business from the inside."

Specific surety services include underwriting assistance, surety claims, staffing, start-up support, surety program run-off assistance, audits and due diligence reviews.

Karlan added, "We'll be attending the Fidelity and Surety Law Committee 2012 Mid-Winter Program, sponsored by the American Bar Association in New York CityJanuary 24-27, as well as other trade group meetings that week. We look forward to showcasing ways On Point Risk Solutions can meet the unique and diverse needs of companies in today's property and casualty and surety industries."

More information:

www.onpointrisk.com

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