GNY Insurance Companies Expands Insurance Operations Into Michigan
NEW YORK-- (BUSINESS WIRE) -- Warren Heck, Chairman and Chief Executive Officer of GNY Insurance Companies, a group comprised of Greater New York Mutual Insurance Company, Insurance Company of Greater New York, Strathmore Insurance, and GNY Custom Insurance Company, a surplus-lines company, announced today that the companies have expanded their business operations into the state of Michigan. "Licensed to do business in 44 states and the District of Columbia, GNY expanded its operations into the Midwest early in 2007, with Illinois," Mr. Heck said. "Due to our growth in this region we are dedicating staff to Michigan business, which will allow us to offer better service to our client-base." According to Mr. Heck, "GNY has begun working with commercial insurance brokers in Michigan, and will subsequently expand into all of the Midwestern states."
Mr. Heck said that "We are pleased to announce that Colleen Frahm will manage that operation." Ms. Frahm, who holds the CPCU, AIM, and AMIM designations, has been active in the Michigan insurance arena for over 25 years, working in the underwriting and marketing fields for major carriers in the state. Her territory has encompassed all of Michigan, providing her with a well-rounded knowledge of the agents, marketplace, and competitor pricing and products.
Mr. Heck notes that GNY "looks forward to forming deep partnerships with commercial lines producers, particularly those with habitational business in Michigan similar to the way it has in the state of Illinois, adding that no matter how large we get, GNY remains a hands-on company, dedicated to offering our brokers and insured's the highest level of service and integrity, as well as growing our market in this area."
The lead company of the GNY group, GNY Mutual Insurance Company, has been in continuous operation for nearly 100 years. The companies are leading underwriters of Commercial Multi-Peril coverage in the Northeast and Mid-Atlantic regions of the country. GNY is an underwriter of habitational, light industrial, office building, restaurant risks, and shopping centers, as well as a broad range of additional commercial-lines classes. Consistently rated "A+" Superior by the A.M. Best Company, GNY provides superior protection, broad coverage, and outstanding claims handling for its clients. GNY has recently been ranked as one of the 2007 Super Regional Property Casualty Insurers by Insurance Journal. GNY is particularly honored to have received the 2006 Insurer of the Year Award by the Insurance Brokers Association of New York.
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