NBIS, in collaboration with Tower Group, launches a new heavy construction and transport insurance program.
NBIS, an underwriting agent, has entered into a partnership with Tower Group, a property and casualty insurer, for the launch of a new heavy construction and transport insurance program. The partnership strengthens the presence of NBIS in heavy construction and transport insurance market.
Gary Maier, Senior Vice President and Chief Underwriting Officer, Tower Group, said: “By partnering with leading program underwriting agents, like NBIS, we can jointly deliver program business that requires unique underwriting and product expertise. Through this approach Tower is able to expand into specialty classes of business that are not normally distributed through our retail and wholesale agents.”
NBIS, a hybrid Managing General Underwriter (MGU), is engaged in insurance program administration for the heavy construction equipment and related transport industries and in the residential builders and contractors market.