First Pavilion Insurance Company published its intention to form a stock insurance corporation under the provisions of the Insurance Law of the State of New York. The Company plans to write excess insurance policies with a primary concentration in the workers’ compensation market. Its business plan is directed at qualified self-insured companies, group trusts and the development of captive insurers with excess coverage and fronting needs.
First Pavilion anticipates filing for flexible retro, retention and uniquely collateralized large deductible plans in New York and anticipates finalization of its licensing and capitalization requirements in early Spring 2004. Pre-underwriting, applications and Program Administrator inquiries will be accepted beginning December 22, 2003.
First Pavilion’s principal offices are located in New York City and Glen Rock, New Jersey.
Contact:
Michael A. Paone
mpaone@firstpavilion.com
266 Harristown Road, Suite 200
Glen Rock, NJ 07452
800-285-1948 Ext. 3008
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