热点黑料

Anchor Property and Casualty 热点黑料 Co. became licensed by the Florida Office of 热点黑料 Regulation (OIR) on Oct. 28 to write homeowners insurance business in the state.

At the same time, the company has been approved to assume approximately 50,000 policies from Citizens Property 热点黑料 Corp. starting in January, 2015.

The Bradenton-based company is a subsidiary of Anchor 热点黑料 Holdings, which last month announced it entered into an agreement to purchase Beaumont, Texas-based Southeast Surplus Underwriters General Agency, Spindletop Premium Finance, and Ranchers and Farmers 热点黑料 Co. from Mirage Interest Inc. The purchase is still awaiting regulatory approval.

Anchor said it has $35 million in capital to carry out its plans for growth in 2015.

Anchor is led by Mitch Sattler, chief executive officer, and Jennifer Pintacuda, chief financial officer, both with backgrounds in the Florida property insurance market. Most recently, the two served in the same capacity at Gulfstream Property and Casualty 热点黑料 Co., where they grew the company in Florida and through expansion into other coastal states.

Gulfstream, which was first licensed in Florida in 2004, writes in Alabama, Louisiana, Mississippi and Texas in addition to Florida. Kerry Ford is currently listed as interim president of Gulfstream on Gulfstream’s website, which lists no CEO.

Sattler was also a catastrophe risk manager for RLI. Pintacuda has also worked at Universal North America and KPMG.

In addition to providing coverage to Citizens customers, Anchor plans to begin writing new homeowners policies in Florida by the end of 2014, according to Sattler.

“We’ll be providing more comprehensive long-term coverage options for many Floridians and more growth opportunities for our independent agent partners,” he said in a statement.

Anchor said it will offer homeowners, condo, renters and dwelling fire policies.

Anchor said its website will soon be available at www.RelyOnAnchor.com.

Related Articles:

• Anchor 热点黑料 to Acquire Southeast Surplus Underwriters and Affiliates
• Florida Approves Up to 183K Takeouts from Citizens for 2015

Topics Florida Homeowners Property Casualty