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AmerInst Insurance To Provide Professional Liability Insurance

Subsidiary, APSL, would deliver marketing, underwriting, application and other services to insureds and Crum & Forster insurance companies

AmerInst Insurance has signed an agreement with companies of Crum & Forster Holdings to provide professional liability insurance to accounting firms.

AmerInst’s recently formed subsidiary, AmerInst Professional Services (APSL), will deliver marketing, underwriting, application and other services to insureds and Crum & Forster insurance companies. The professional liability program will utilise an internet-based channel to create an ease in doing business with customers. AmerInst Insurance will also provide reinsurance to Crum & Forster insurance companies for this book of professional liability business.

APSL will be headquartered in Chicago, under the direction of Kyle Nieman who has been named CEO. Most recently, he was senior vice president of distribution strategy at CNA, where he managed agency/broker relationships and cross-sell strategies. In his new role at APSL, he will be joined by other experienced professionals who have developed technology-based systems and marketing programs for professional liability products.

Irvin Diamond, CPA and chairman of AmerInst, said: “We are excited about this new venture and the addition of a highly regarded market expert such as Kyle to our leadership team. We believe this new agreement is in the best interests of our shareholders and is in line with AmerInst’s mission of providing financial protection to future generations of CPA firms. As part of our future business strategy, we plan to expand this program to include other non-healthcare professional service firms.”