Seibels Announces Gulfstream’s Geographic Expansion into South Carolina

COLUMBIA, S.C.--(BUSINESS WIRE)-- The Seibels Bruce Group, Inc. (Seibels), an insurance services provider of business process outsourcing (BPO) solutions, is pleased to announce that Gulfstream Property and Casualty Insurance Company (Gulfstream), a Seibels client since 2004, has expanded its business and is now offering homeowners, condominium, renters, and flood insurance in South Carolina.

Seibels provides Gulfstream with BPO solutions including policy administration, claims administration, technology, financial, and accounting and reporting services. By leveraging Seibels’ insurance expertise and comprehensive services, Gulfstream is able to streamline operations, increase efficiencies, optimize the customer experience, and reduce costs.

“It has been a privilege to provide Gulfstream with insurance services for over eleven years,” said Rex W. Huggins, Chairman and CEO of Seibels. “By taking advantage of Seibels’ end-to-end BPO solutions, Gulfstream is able to simplify processes, save time and money, and focus on growth and development.”

“Partnering with Seibels enables us to focus on our core operations and strategic business initiatives,” said Douglas W. Reynolds, President and CEO of Gulfstream. “From customer service and underwriting to claims and technology services, we can depend on Seibels to uphold Gulfstream’s company vision and values, strengthen our position in the marketplace, and help us grow our books of business.”

In addition to South Carolina, Gulfstream provides insurance coverage to over 73,000 homeowners in Alabama, Florida, Louisiana, Mississippi, and Texas.

About Seibels

Seibels provides a suite of business process outsourcing solutions to the insurance industry, including policy administration, claims administration, accounting & reporting, and technology & cybersecurity services. From its start as a fire and life insurance company in 1869, Seibels has evolved and prospered over the past 145+ years. By leveraging a strong combination of insurance industry and technology expertise, Seibels helps today’s insurers achieve operational efficiency. Seibels recognizes the value of quality customer service, strong client relations, continuous innovation and integrity. For more information, please visit www.seibels.com.

About Gulfstream

Gulfstream Property and Casualty Insurance Company insures more than 73,000 families throughout Florida, Louisiana, Mississippi, Alabama, Texas and South Carolina providing homeowners, condominium-unit owners, renters and dwelling fire insurance coverage. Launching operations in Florida in 2004 and later expanding to Louisiana in 2010, Gulfstream has helped customers through 32 named storms, and settled over 54,000 claims. They have continually maintained a Financial Stability Rating of A, Exceptional from Demotech. Gulfstream management includes seasoned professionals with vast experience in insurance. For more information, please visit www.gspcic.com.

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Seibels

Stacey Cohl, 803-748-2040

Marketing Communications Specialist

[email protected]

Source: The Seibels Bruce Group, Inc.