Centauri Insurance a subsidiary of Applied Underwriters has acquired about 16,700 policies renewal rights across Alabama, Louisiana, and South Carolina from Gulfstream Property and Casualty Insurance Company and Gulfstream Select Insurance Company which is collectively known as “Gulfstream”.
“We are delighted to have completed this transaction, giving Centauri new access points that will deepen our market presence and demonstrate our excellence in service, policy design, and claims satisfaction to an increasingly wider audience,” said Jamie Sahara, president of Applied Underwriters. He further added, “We are confident in the success of the new formula that enables Centauri, with its longstanding market knowledge, to renew these many millions of dollars of Gulfstream premiums working together with Applied’s experienced insurance professionals.”
“We are very pleased that we can enter into this arrangement with Centauri, as it provides our insureds and agency partners the ability to renew their business with a highly respected insurer who will deliver quality service to them,” said Ron “Nate” Natherson, president of Gulfstream. “To maximize the benefits of this transaction to all parties, we are committed to working in partnership with Centauri to expediently transfer these accounts to Centauri. The work has already begun apace.” The acquisition seems to be a strategic move geographically and to include a mix of personal and commercial lines business, according to Jamie Sahara.
