Stratus Risk Underwriters has introduced a new product for airport property and hangar owners and lessors in Texas in conjunction with AM Best A- rated carrier Clear Blue Specialty Insurance Company, the company said.
The management team at Stratus has extensive insurance company and agency experience. The company founders have held numerous President and CEO positions at large regional and national insurance companies and insurance agencies. The management team knows and values the importance of financial stability and long-term commitment to its customer base. Stratus chose Clear Blue as its insurance company partner based upon its affirmation of long-term commitment.
Clear Blue Insurance Group has a pooled surplus of more than USD 64 million, and is backed by a USD 250 million equity line from Pine Brook Partners, an investment firm that manages more than USD 6.0 billion of limited partner commitments that makes “business building” and other equity investments.