GWI Expands Stop Loss Portfolio With Fairmont Specialty Partnership

Online, July 14, 2010 (Newswire.com) - BOSTON, MA - GreenWood International Insurance Services, Inc. (GWI) of Boston, MA expands the company's product offerings by entering into a production agreement with Fairmont Specialty of Eatontown, NJ. Effective immediately, GreenWood International will be underwriting medical stop loss for self funded employer groups on behalf of Fairmont Specialty's Accident and Health division. This will allow GWI to offer their producers an alternative product to fill their clients' risk management needs.

Fairmont Specialty is part of Crum & Forster, a national underwriting company with an A (Excellent) rating from AM Best. Fairmont Specialty's Accident and Health Division is a leader in the medical stop loss market. Fairmont prides itself on risk management diversity, offering a portfolio that includes both insurance and reinsurance products such as travel accident, specialty carve-out policies, collegiate accident and sickness and pet insurance.

"We are pleased to have the opportunity to work with such a distinguished organization and look forward to a long and successful partnership with GWI," said Gary McGeddy, Executive Vice President of Fairmont Specialty.

GreenWood International Insurance Services, Inc., a Managing General Underwriter (MGU) headquartered in Boston with offices in Overland Park, KS and Austin, TX, is established upon a solid groundwork of flexible and creative underwriting, reliable and efficient claims administration and sustained by a knowledgeable staff averaging more than 20 years experience in the insurance industry.

The partnership with Fairmont Specialty will allow GWI to bring even more diverse product offerings to their insurance producers, as well as provide access to the array of ancillary products Fairmont Specialty is able to deliver to the marketplace.
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For more information on GreenWood International Insurance Services, Inc. please contact Heather Bruce at 617.502.3042 or [email protected]

For more information on Fairmont Specialty Accident and Health Division, please contact Lauren Woods at [email protected]