With Latest Expansion Company Will Write in Eight Eastern States
Narragansett Bay Insurance Company (“NBIC”) has announced that it will expand into two new states next month. On October 1, 2020, the Rhode Island-based insurer will begin writing property & casualty insurance in the states of Delaware and Maryland. With these latest additions, the company continues its expansion along the Eastern Seaboard now offering homeowners insurance in eight states: Rhode Island, Connecticut, Massachusetts, New York, New Jersey, Virginia, Maryland, and Delaware.
“NBIC is thrilled to bring our coastal capacity, risk management expertise, and strong service model to agents and homeowners in Delaware and Maryland,” said Glen Tiziani, NBIC’s Senior Vice President of Sales & Distribution. “We look forward to partnering with local agents and industry associations to build a strong, consistent, and reliable presence in the region.”
According to the company, residents of both Delaware and Maryland will have access to NBIC’s competitively priced insurance products which will be sold through the insurer’s network of local independent agents.
Insurer also announces key hire to help with expansion into Delaware and Maryland
NBIC recently hired David Lynch of Baldwin, MD to join the company as Assistant Vice President, Territory Manager of Delaware, and Maryland. Lynch has over 20 years of experience in the insurance industry, most recently as Maryland Territory Manager for Cumberland Insurance Group. At NBIC, Lynch will be responsible for building the company’s distribution partner platform and managing all aspects of the territory as the company expands into these states.
More about Narragansett Bay Insurance Company (NBIC)
Narragansett Bay Insurance Company, a wholly-owned subsidiary of Heritage Insurance Holdings, Inc., offers specialty insurance services and products to homeowners through an extensive network of independent agents along the Eastern Seaboard. Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1 billion of gross personal and commercial residential premium across its multi-state footprint.