WAYZATA, Minn., Oct. 02, 2020 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today announced that its wholly-owned subsidiary Benchmark Holding Company has completed the acquisition of 7710 Insurance Company, as well as its associated program manager and agency.
“We are pleased to officially welcome 7710 into the Trean family,” said Andy O’Brien, TIG’s President and Chief Executive Officer. “7710 is a perfect example of executing on our growth strategy by opportunistically adding a leader in the underserved workers’ comp market for the emergency services industry. 7710’s specialized business model and expertise within the emergency services space further expands our reach in providing exceptional services and products to underserved insurance markets.”
“Today, 7710 Insurance Company is excited to join the Trean Insurance Group, where we will continue to be the national workers’ compensation insurer of choice for first responders. Our focus will remain the same – to build on our value proposition of prevention and cost containment and be the long-term workers’ compensation solution for the emergency services industry,” said Bill Adamson, CEO of 7710 Insurance Company.
7710 Insurance Company joins TIG’s other affiliated insurance companies American Liberty Insurance Company and Benchmark Insurance Company – both A.M. Best ‘A VIII’-rated carriers offering specialty property and casualty products in 49 states and D.C.
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not historical or current facts. You can identify forward-looking statements by words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “predict,” “project,” “believe,” “seek,” “outlook,” “future,” “will,” “would,” “should,” “could,” “may,” “can have,” “likely” and similar terms. Forward-looking statements are based on management’s current