Profile: Baldwin & Lyons Inc (BWINA.OQ)
24 Jun 2016
Baldwin & Lyons, Inc. (B&L), incorporated on August 7, 1930, through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance, including limited assumption of risks as a reinsurer of other companies. The Company operates in two segments: property and casualty insurance, and reinsurance. The property and casualty insurance segment provides multiple line insurance coverage primarily to fleet transportation companies, as well as to independent contractors contracting with fleet transportation companies. In addition, the Company provides private passenger automobile products to individuals, workers' compensation coverage to small businesses and professional liability products on a selective basis. The reinsurance segment accepts professional liability cessions from other insurance companies.
B&L's principal subsidiaries are Protective Insurance Company (Protective), which is licensed by insurance authorities in all 50 states, the District of Columbia, all Canadian provinces and Puerto Rico; Protective Specialty Insurance Company (Protective Specialty), which is approved for excess and surplus lines business by insurance authorities in approximately 48 states and the District of Columbia and licensed in Indiana; Sagamore Insurance Company (Sagamore), which is licensed by insurance authorities in 49 states and the District of Columbia and approved for excess and surplus lines business in one additional state; B&L Brokerage Services, Inc., (BLBS), an Indiana domiciled insurance broker licensed in all 50 states and the District of Columbia, and B&L Insurance, Ltd. (BLI), which is licensed in Bermuda. Protective, Protective Specialty, Sagamore and BLI are collectively referred to as the Insurance Subsidiaries.
The Insurance Subsidiaries serve a range of specialty markets, including Fleet Transportation, Reinsurance Assumptions and Professional Liability. The Insurance Subsidiaries provide coverage for companies in the motor carrier industry, which retain substantial amounts of self-insurance, for independent contractors utilized by trucking companies, for medium-sized and small trucking companies on a first dollar or small deductible basis and for public livery concerns, principally covering fleets of commercial buses. This group of products is collectively referred to as fleet transportation. The principal types of fleet transportation insurance marketed by the Insurance Subsidiaries include commercial motor vehicle liability, physical damage and other liability insurance; workers' compensation insurance; specialized accident (medical and indemnity) insurance for independent contractors of trucking concerns; non-trucking motor vehicle liability insurance for independent contractors; fidelity and surety bonds; inland marine consisting principally of cargo insurance, and captive insurance company products, which are provided through BLI in Bermuda.
B&L performs a range of additional services, primarily for the Company's insured, including risk surveys and analyses, safety program design and monitoring, government compliance assistance, loss control and cost studies and research, development, and consultation in connection with new insurance programs, including development of computerized systems to assist customers in monitoring their accident data. It also provides claims handling services, primarily to clients with self-insurance programs.
The Company accepts cessions and retrocessions from selected insurance and reinsurance companies, providing reinsurance coverage for both property and casualty events. The Insurance Subsidiaries participate in a range of mandatory government-operated reinsurance pools, which require insurance companies to provide coverages on assigned risks. The Company markets a range of professional liability products through wholesale and retail agents on both an admitted and surplus lines basis throughout the United States, specializing in smaller insureds.
Baldwin & Lyons Inc
111 Congressional Blvd Ste 500
CARMEL IN 46032-5663