Praetorian Insurance

Praetorian Financial Group is a new name in U.S. specialty insurance. As the latest member of the Hannover Re Group, the world’s fourth largest reinsurance group, Praetorian is well capitalized and broadly licensed, and offers a wide array of innovative products.

Praetorian Insurance is a start-up with a running start: “With a significant infusion of fresh capital from our parent, Hannover Re, ongoing reinsurance support, excellent producer relationships, broadly licensed companies unencumbered by legacy issues, and a select group of specialty business totaling $2 billion in annual gross written premium, it’s like being born on the 50 yard line,” says Praetorian’s CEO Rod Fox.

Businesses, both small and large, as well as individuals, are already discovering that, when it comes to specialty insurance, Praetorian Insurance is a superior choice for commercial auto, workers comp, commercial property, professional liability, general liability, inland marine and various other lines of business.

Praetorian Insurance combines its deep underwriting knowledge with that of its underwriting partners to develop innovative specialty products. Praetorian emphasizes that it is not in the program business, but rather in the partnership business. “Programs come and go. We are interested instead in building mutually profitable, long-term partnerships with our producers,” says Susan Rivera, Praetorian’s president and chief underwriting officer. “We recognize that for partnerships to last over the long term, they must be profitable for everyone involved: the carrier, the broker, the reinsurers and our general agent partners,” adds Rod Fox, Praetorian’s CEO.

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