Alteris Announces New Residential Lease
Guarantee Program with Insurent
June 21, 2010 04:03 PM Eastern Daylight Time
BOSTON--(EON: Enhanced Online News)--Alteris Inc., a services-oriented, complete solutions provider for the
managing general agency community, announced today that it has partnered with Insurent Agency Corporation to
provide the nation’s only insurance program focused exclusively on guaranteeing residential leases.
Established in 2008, the Insurent Lease Guaranty Program offers financial guarantees to landlords on behalf of new
tenants to satisfy financial requirements associated with leasing. The program benefits both tenants and landlords,
allowing credit-worthy tenants access to quality properties they would otherwise not be able to rent, and at the same
time helps to reduce vacancies and rent loss, and to stabilize rental income at no cost to landlords.
“Insurent has built a strong product that fills an important need in large cities and surrounding urban areas,” said
Alteris President Hilbert “Van” Schenck II. “We’re pleased to partner with such a talented and innovative team to
deliver yet another unique insurance product to the marketplace.”
Insurent founder and COO Jeffrey Geller added, “Alteris brings a fresh, flexible approach to our specialized
insurance business and provides us with the resources, products and capacity we need to continue our growth and
expand our geographic reach.”
A holding company of specialty insurance leader Argo Group (NasdaqGS: AGII), Alteris was recently formed to
provide managing general agencies and carriers with access to a broad array of exclusive risk solutions for specialty
programs and alternative risks nationwide.
The Insurent Lease Guaranty Program is administered by Insurent Agency Corporation from its New York City
headquarters, with coverage underwritten and issued by Argonaut Insurance Company.
Alteris Inc., a holding company of Argo Group International Holdings, Ltd. (NasdaqGS: AGII), provides serv