October 19, 2009 by Canadian Underwriter
Genmark Insurance Services and Central Underwriters will merge as of Jan. 1, 2010.
The new entity will be called GroupOne Underwriters. It will be a national underwriting agency specializing in hard-to-place, standard and non-standard property and specialty insurance on behalf of a wide range of domestic carriers and Lloyd’s syndicates.
Genmark Insurance Services Inc. is a Toronto-based wholesale insurance intermediary, specializing in regular and hard-to-place risks, as well as a special lines business that includes a program for restaurants and hospitality businesses involved in liquor sales.
Central Underwriters Inc. is a Markham-based company that offers standard commercial business coverage’s for property and liability.
“GroupOne Underwriters will draw on the strength of their combined fifty-plus years of underwriting knowledge and experience, quality service and niche products to continue to offer a wide range of coverage in a timely and competitive manner,” says a joint statement from Genmark and Central.
“The management and underwriting staff are excited about the prospect of combining two veteran entities that share the same vision, and are focussed on quality of service, underwriting integrity and solid performance.”
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