I-RE adds a commercial property to the RE-PAID product
I-RE will add commercial real estate as a new line of business to its RE-PAID product from early next month.
The company said the addition of commercial property would supplement its current workers’ compensation and commercial auto offering.
Andy Jeckells, co-CEO of I–RE, said, “The RE–PAID product continues to innovate. I–RE is committed to providing solutions that give successful midmarket companies better control of their risk and a share of underwriting profits of the kind that only large captives currently enjoy.
He added, “We are seeing exceptional demand for RE-PAID from brokers, who see the benefit of providing their clients across the United States with the solution they are looking for while enhancing their own revenue and increasing customer loyalty.”
According to the company, RE-PAID allows successful midsize business owners to take on a share of their own risk in their own stand-alone captive insurance company.
Kyle Selvig, Director of Commercial Underwriting at Fortegra, which works with I-RE, said, “We are excited to expand our partnership with I-RE to further support their truly innovative RE-PAID product and help address the need long underserved by mid-sized businesses for a captive property insurance solution.