According to a statement released Friday by the Electronic Security Association, Security America RRG, which provides insurance to many companies in the security industry, has named Lloyd’s of London as its reinsurer for primary and excess insurance.
The deal is expected to provide Security America RRG policyholders with strong financial security given the positive ratings of lead reinsurer Faraday Syndicate 435 and of Lloyd’s itself.
“The switch in reinsurance to Lloyd’s of London represents a milestone in Security America’s continued growth,” said Cecil Hogan, president of Security America RRG. “Not only are we able to offer our policyholders backing from one of the strongest and most well-respected insurance companies in the business, we are also able to lower the premiums for our popular umbrella and excess policies. This is a significant and highly positive development for our company.”
For more information about the switch, call 866-315-3838 or visit www.securityamericarrg.com.