Market Overview

Tower Hill Specialty Announces New Carrier And Availability In Additional States


Tower Hill Specialty Announces New Carrier And Availability In Additional States

PR Newswire

LOVELAND, Ohio, July 31, 2018 /PRNewswire/ -- Tower Hill Specialty, a managing general agency based in Ohio, now offers property insurance policies in Georgia, Indiana, Ohio, Texas and Wisconsin. Steadily expanding since its launch in 2017, Specialty offers property insurance for homeowners, niche risks including seasonal and rental homes, fixer-uppers, manufactured homes and vacant properties. Chief Executive Officer Manny Rios, a 30-year veteran of the insurance industry, shares the company's primary focus. "We specialize in offering valuable products at competitive rates to underserved markets. Employing the latest technology and analytical tools, we're in to keeping it simple for the agent and the customer."

(PRNewsfoto/Tower Hill Specialty)

The Tower Hill Specialty niche products are now available through Tower Hill Prime Insurance Company, which holds a Financial Strength Rating® of "A-" (Excellent) from A.M. Best Company. Founded in 2003 and with more than $105 million in surplus as of March 31, 2018, Tower Hill Prime offers both Personal Lines and Commercial Lines products throughout the southeast and in the newest markets served by Tower Hill Specialty. Products are also available in select states through Tower Hill Signature Insurance Company, an affiliate carrier within the Tower Hill Family of Companies.

Marketing its specialized products through regional and national carriers, Tower Hill Specialty provides key advantages for both customers and insurance providers. CEO Manny Rios explains, "Using geocoding and sophisticated rate structures, we improve our partners' retention rates by providing coverage for risks other channels often won't even consider: vacation homes, tenant-occupied dwellings, and fixer-uppers."

By providing a specialized market, customers receive the coverages they want and need. In turn, agencies are able to mitigate risks by managing the customers' entire insurance portfolio and limiting the chances of properties inadequately insured. Tower Hill Specialty is scheduled to be available in more than 30 states by year-end 2019, and in all 50 states by 2022.

About Tower Hill: Ohio-based Tower Hill Specialty, LLC is a subsidiary of Tower Hill Insurance Group, LLC headquartered in Gainesville, Florida. Founded in 1972, Tower Hill Insurance, is a leader among residential and commercial property insurers in the Southeast. Financial strength, product expertise, a comprehensive reinsurance program and exceptional claims service are core business strategies of the organization.

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SOURCE Tower Hill Specialty

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