Joined: 21 May 2007
Posts: 5571
Location: Scottsdale, AZ
Posted:
Tue Oct 13, 2009 1:39 pm
The Wyncrest Group Inc. is focused on designing insurance products customized to provide risk management solutions to carefully selected specialty markets where conventional lines don’t exist. These contracts are offered through the company’s separate subsidiaries or in some cases patented and licensed.
Wyncrest’s specialty construction liability solutions are typically structured as a captive insurance company hosted in tax friendly country like Panama so the insured can enjoy certain tax benefits. They offer a solution to difficult problems like asbestos liability coverage required by governments for drywall contractors while controlling claim risk.
The company’s warranty products are sold directly through its wholly owned domestic Southwest Financial Group subsidiary. Started 1992, the subsidiary today has over 22,000 clients and 285 reps around the US. SFG has penetrated valuable market segments in certain ethnic communities and state teachers unions. Wyncrest is currently designing insurance products customized for these groups and plans on delivering them through a negotiated acquisition financed with wyncrest stock.
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