Universal Shield Insurance Group Enters Commercial Excess Liability Insurance Market WATERFORD, Michigan – March 27, 2023 – Universal Shield Insurance Group (Universal Shield) is proud to announce a new product offering – Commercial Excess Liability insurance. This introduction brings stable capacity to the marketplace for this niche line of coverage which in recent years has seen numerous other carriers reduce available capacity and restrict coverage scope and features. Universal Shield’s Antoinette Hardy-Manyfield, vice president of excess underwriting, said “the last three years have been challenging for the insurance industry, with external factors such as social inflation and logistical supply chain […]
Universal Shield Insurance Group Enters Commercial Garage & Auto Dealers Insurance Market WATERFORD, Michigan – March 21, 2023 – Universal Shield Insurance Group (Universal Shield or Company) is proud to announce a new product offering – Garage & Auto Dealers commercial insurance. This product brings a needed stable carrier into this niche line of coverage which has seen significant marketplace capacity fluctuations in recent years. Universal Shield’s Lisa Daniel, vice president of garage underwriting, said “2021 and 2022 were years of significant disruption for the Commercial Garage & Auto Dealers insurance marketplace with three national excess & surplus (E&S) markets […]
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Universal Shield Insurance Group Executives Named as 2023 Emerging Leaders by Major Insurance Industry Groups & AM Best® WATERFORD, Michigan – January 23, 2023 – Universal Shield Insurance Group (Universal Shield) is proud to announce that two of the company’s senior executives have been designated as 2023 emerging industry leaders by the American Property Casualty Insurance Association™ (APCIA), AM Best®, and Insurance Careers Movement. Universal Shield’s Lisa Daniel, vice president of garage underwriting, and Antoinette Hardy-Manyfield, vice president of excess casualty underwriting, have been selected for this honor which recognizes high performing insurance industry employees who make high value contributions […]
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Subsidiaries Universal Fire & Casualty Insurance Company and Shield Indemnity Both Rated A- (Excellent) by A.M. Best with Revised Financial Size Category of VII ($50 Million to $100 Million)
Universal Shield Insurance Group (Universal Shield) is pleased to announce that on January 26, 2022, A.M. Best assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-“ (Excellent) to Universal Fire & Casualty Insurance Company (UFCIC) and its wholly owned subsidiary, Shield Indemnity, Inc. (Shield). A.M. Best assigned both ratings a stable outlook.
AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Universal Fire & Casualty Insurance Company (UFCIC) (headquartered in Waterford, MI) and its wholly owned subsidiary, Shield Indemnity Incorporated (Shield) (Dublin, OH). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect the execution of an intercompany pooling agreement between UFCIC and Shield. These companies are collectively referred to as Universal Shield Insurance Group (USIG).
UIMÂ Holding Company and its subsidiary Universal Fire & Casualty Insurance Company (UFCIC) has merged with Shield Indemnity, Inc. (Shield Indemnity), to form a new property and casualty (P&C)-focused holding company, Universal Shield Insurance Group, Inc. (Universal Shield or USIG).
Universal Fire & Casualty Insurance Company (UFCIC), a multi-line admitted property and casualty (P&C) insurance company and insurtech innovator, is pleased to announce the company is now the first U.S. insurer to accept cryptocurrency for premium payments.
ClarionDoor, provider of the most intelligent insurance product distribution software, is pleased to announce that Michigan-based property and casualty (P&C) insurer Universal Fire and Casualty Insurance Company (UFCIC) is now live with ClarionDoor’s rating and quoting for three new commercial insurance products.
