Expanded Admitted Company Capabilities Now
Offered to Munich Re Clients
Affiliates Bring Additional Capabilities
June 17, 2010 09:03 AM Eastern Daylight Time
PRINCETON, N.J.--(EON: Enhanced Online News)--As part of a strategy to expand its capabilities for Program
Administrators, two additional admitted companies--American Family Home Insurance Company (AFH) and
American Southern Home Insurance Company (ASH)--are now available to Program Administrators of the
Specialty Markets Division of Munich Reinsurance America, Inc. (Munich Re).
Rate and form filings have been made for these affiliates, which will enhance the ability to accurately price coverage
for individual accounts, according to Craig Smiddy, president of Specialty Markets.
“Our Program Administrators will now have the additional means required to underwrite and price a wide range of
accounts within their specialty,” Smiddy explained. “The added capabilities complement our already robust platform
geared towards this dynamic marketplace.”
AFH and ASH are subsidiaries of American Modern Insurance Group, which became part of the Munich-American
Holding Corporation group in 2008. “Along with American Alternative Insurance Corporation (AAIC), they are
positioned to provide our clients financial stability and security for their program needs,” Smiddy said. AAIC
currently provides clients with multi-line capabilities and unbundled services, and AAIC’s capabilities are well known
to its Program Administrators.
Available in many states, qualified Program Administrators can rate, quote and bind policies in any of the three
companies depending on risk characteristics and filing approvals.
In the U.S., Munich Re provides access to a full range of property-casualty reinsurance and specialty insurance
products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam
Boiler Group. Together, we deal with the issues that affect society and work to devise cutting-edge solutions that