Clear Blue Insurance Group - Market Research Report
Company Overview
Name and Mission
- Name: Clear Blue Insurance Group
- Mission: Clear Blue Insurance Group is dedicated to creating best-in-class underwriting collaborations with key partners. They are known for uniting reinsurance capital and quality producers in the insurance space.
Founding Information
- Founded: 2015
- Founders: No information is available.
Key People
- Manuel Lebron: EVP, Chief Accounting Officer since 2015. Has over 25 years of experience in finance and accounting.
- Nicole Quilichini: EVP, Chief Credit Officer since 2017. Holds extensive experience in finance and accounting with a focus on insurance.
- Tyler Boyles MSIM CPCU ARM: Chief Underwriting Officer.
Headquarters
- Location:
- 200 South College St., Suite 2250, Charlotte, NC, 28202, United States
- B7 Tabonuco St., Santander Tower, Suite 912, Guaynabo, Puerto Rico, 00968, United States
Number of Employees
- Employee Size: 51-200 employees
Revenue
- Revenue: No information is available.
Brand Recognition
- Industry: Insurance
- Known for: Clear Blue Insurance Group specializes in admitted Property and Casualty, Excess and Surplus lines, and is broadly licensed across the United States apart from Alaska. They have been rated A- Excellent by AM Best.
Products
Offerings
- Products/Services:
- Reinsurance
- Managing General Agent (MGA) services
- Property and Casualty insurance
- Excess and Surplus lines
Product Descriptions
- Reinsurance & MGA:
- High-level collaboration in underwriting, providing a robust operational platform to merge reinsurance capital with quality production channels.
Key Features
- Reinsurance: Connects quality producers with reinsurance capital for underwriting transactions.
- MGA Services: Offers specialized management within the insurance industry, ensuring flexibility and comprehensiveness in the management of special insurance portfolios.
Recent Developments
Recent Developments
- Conferences and Engagement: Clear Blue Insurance Group's executive team recently attended several industry conferences including the Target Markets Program Administrators Association's Annual Conference and WSIA’s events, reflecting ongoing partnership and market expansion efforts.
New Products and Features
- New Products/Features: No information is available on new products or features.
Partnerships and Strategic Initiatives
- Clear Blue Insurance Group's management was commended for their rapid response to a reinsurance letter of credit fraud incident involving Vesttoo, ensuring that impact was limited.
Funding and Capital Investment
- Funding Round: Received a private equity investment round totaling USD $250 million on September 30, 2018.
Ratings and Recognition
- AM Best Rating: Clear Blue has been removed from under review with negative implications, maintaining its A- Excellent rating, signifying strong performance and stability in the insurance market.
Summary
Clear Blue Insurance Group stands out in the insurance market with a focus on Property and Casualty, and Excess and Surplus lines, supported by a broad licensing spectrum across the U.S. The company is lauded for its strong leadership and rapid response to challenges within the industry. Clear Blue continues to succeed through strategic partnerships and a solid financial backbone, marked by significant capital investment and maintained excellent ratings from established industry reviewers.
