NBIS Expands Heavy Construction Insurance Offerings

Atlanta, Ga.-based NationsBuilders Insurance Services (NBIS) has announced the launch of a new Heavy Construction and Transport Insurance Program developed in partnership with Tower Group Companies, New York, N.Y.

“Tower Group Companies and NBIS have developed a multi-line, risk management-based platform to better serve the needs of insured customers and their agents/brokers,” said Kevin Cunningham, executive vice president. “This vastly superior program is better than any I have seen in the specialized heavy equipment and related transport industries in over 25 years. As Managing General Underwriter (MGU), our collaboration with Tower Group Companies is truly symbiotic when considering our mutual dedication to the delivery of high performance results for customers and other stakeholders. We are confident that the Tower/NBIS Programs will achieve significant interest in the specialty insurance marketplace.”

“The launch of the Heavy Construction and Transport Program exemplifies how Tower has become a leader in growing specialized program business,” said Gary Maier, senior vice president and chief underwriting officer for Tower Group Companies. “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 is a hybrid Managing General Underwriter (MGU), specializing in insurance program administration for the heavy construction equipment and related transport industries and in the residential builders’ and contractors’ marketplace.

With operations strategically located in Atlanta, Baltimore, Chicago and San Diego, NBIS provides program underwriting, policy issuance, claims adjusting and customized risk management services as a specialty insurance provider for the construction and transport industry sectors to retail producers nationwide.

Tower Group Companies is a leading insurance and risk-related services company that provides property and casualty insurance to underserved markets and has different market facilities tailored to meet the needs of its producers in order to attract a wide range of segments in the market, from preferred to non-standard including excess and surplus lines.