Weber, Great Central Make deal
Irving Weber Associates, Inc. has concluded negotiations with Great
Central Insurance Co. of Peoria, IL, a subsidiary of Argonaut
Group, Inc., to transfer its entire fabricare insurance
program.
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The new relationship will strengthen the
position of both IWA and Great Central as insurers to the
fabric care industry throughout the United States, Weber said,
adding that he expects the move will improve service and claims
handling, while making IWA’s program more competitive.
“Moreover, IWA’s
responsibility as the managing general agent will allow us the
ability to apply our experience of the marketplace to the
underwriting template provided by Great Central,” Weber
said.
John Polak, president of Great Central
Insurance, commented that “Combining our unique products
and services with the experience and dedication of Irving Weber
Associates will enhance both our organizations.”
IWA is a third-generation specialty
insurance agency and consulting firm specializing in the
design, marketing and underwriting of niche industry insurance
programs. IWA has been insuring the fabric care industry,
including drycleaners, commercial launderers, linen suppliers,
uniform rental firms and restoration experts, since its
inception in 1946.
Great Central Insurance Co. is a specialty insurer with risk
management solutions designed for various niche markets with
expertise in underwriting, claims and safety services.
Headquartered in San Antonio, TX,
Argonaut Group, Inc. (NASDAQ: AGII) is a national underwriter
of specialty insurance products in niche areas of the property
and casualty market with assets of approximately $3.1
billion. Through its operating subsidiaries, Argonaut
Group offers programs tailored to the needs of its
customers’ business and risk management strategies.
Collectively, Colony Insurance Company, Rockwood Casualty
Insurance Company, Argonaut Insurance Company, Argonaut Great
Central, and Trident Insurance Services underwrite a full line
of products in four primary areas: excess and surplus,
specialty commercial, risk management, and public entity.
Information on Argonaut Group and its subsidiaries is available
at www.argonautgroup.com.
For information on the insurance
programs, which include property, liability, automobile,
umbrella and a workers’ compensation safety group with
the potential of earning a dividend, contact Keith Camacho or
Krissy Mark by phone at (800) 243-1811, by fax at (888)
622-0414, e-mail at mail@iwains.com.
Satec, Fresenius announce joint venture
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Satec USA is a hydrocarbon drycleaning
machine manufacturer and distributor in North America.
Fresenius Umwelttechnik GmbH originated in 1992 from the
Institute Fresenius group, which was founded by Carl Remigius
Fresenius in 1848. Over the more than 150 years of the
company’s history, Fresenius has developed into a leading
business group dealing with chemical, biological and
physics-analysis and also provides consulting services. The
Fresenius group employs over 50,000 people in Germany and
around the world.
Multimatic in joint venture with H&H
Ron Velli, president of Multimatic of
Northvale, NJ, announced the signing of a national joint
venture marketing agreement with H&H Midwest Distribution
of Lake in the Hills, IL.
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“I’m very pleased to have
reached this agreement.” Velli said. It serves a dual
purpose for us to provide a solid distribution base with
H&H in the midwest states and it retains the services of
Mr. Hurd as a national sales consultant for Multimatic.”