Great American Insurance Company and RPX Announce Relationship
April 12, 2018
Great American Insurance Company and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation (NASDAQ: RPXC), today jointly announced that they have entered into a limited binding authority agreement. Under the terms of the agreement, RPX Insurance Services will underwrite and issue policies on behalf of Great American E & S Insurance Company. Great American E & S Insurance Company holds an A+ (superior) rating from AM Best, last affirmed August 17, 2017.
“Great American’s sterling reputation with insurance brokers, as well as proven product development and sales capabilities, makes them an ideal match for RPXIS. We look forward to working with them,” said Rob Kingsley, President of RPXIS.
RPXIS began underwriting policies on behalf of an affiliated risk retention group in 2012. In 2014, it established itself as a coverholder with Lloyd’s of London. This agreement with Great American is a natural progression of RPXIS’s growth, allowing the company to align its underwriting and claims capabilities with a highly-regarded US-based carrier.
“RPXIS leverages its deep industry expertise into a proven ability to help its clients manage risk,” said Dave Ferron, Product Management Director, Great American Insurance Group. “We’re proud to collaborate with this industry leader.”