Trean Insurance Group launches a new carrier E&S, a benchmark specialized insurance company

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WAYZATA, Minnesota, December 27, 2021 (GLOBE NEWSWIRE) – Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, today announced that its subsidiary, Benchmark Insurance Company, a leading business program writers, has formed a new surplus and surplus line subsidiary, Benchmark Specialty Insurance Company, an Arkansas national surplus line carrier. The new entity joins Benchmark Insurance Company, a Kansas-based carrier, American Liberty Insurance Company, a Utah-based carrier, and 7710 Insurance Company, a South Carolina-based carrier, as members of the Trean Insurance Group.

Now that it has obtained approval in its home state of Arkansas, Benchmark’s new E&S subsidiary is working to secure the remaining regulatory approvals needed to operate in the United States. With both admitted and non-admitted insurers, Trean Insurance Group companies have the ability to offer a full range of risk solutions to our program partners and general agents.

About Trean Insurance Group, Inc.

Trean Insurance Group, Inc. (NASDAQ: TIG) provides products and services to the specialty insurance market. Trean underwrites specialty property and casualty insurance products both through its program partners and through its own general management agencies. Trean also provides its program partners with a variety of services, including carrier issuance services, claims administration and reinsurance brokerage. Trean is licensed to do business in 49 states and the District of Columbia. For more information, please visit www.trean.com.

Forward-looking statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not historical or current fact. These statements may discuss net income, cash flow, financial condition, write-downs, expenses, growth, strategies, plans, accomplishments, capital structure, organizational structure, opportunities market and general market and industry conditions of the Company. Such forward-looking statements may be identified by words such as “anticipate”, “estimate”, “expect”, “intend”, “plan”, “predict”, “project”, “believe”, “Seek”, “have a prospect,” “future”, “will”, “should”, “should”, “could”, “could”, “may have”, “likely” and similar terms. are based on management’s current expectations and assumptions about future events. These statements are only forecasts and do not guarantee future performance. Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those of forward-looking statements if the underlying assumptions prove to be incorrect or as a result of risks, uncertainties and other factors, including the impact of the COVID-19 pandemic on the business and operations of the Company, our partners program res and other business relationships. Other factors that could cause such differences include the risks described in documents filed by the Company with the United States Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended. December 31, 2020. These forward-looking statements speak only as of the date on which they are made. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future developments, changes in assumptions or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release or in other Company documents and public statements.

Contacts

Investor Relations
[email protected]
(952) 974-2260

Source: Trean Insurance Group, Inc.


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