AlignTM General Insurance Agency, Inc. (Align) today announced that Rod Eldred has joined the Company as Senior Vice President to lead the company’s newly established Workers Compensation Division and the expansion of Align’s commercial automobile underwriting activities. From 1990 until 2009, Mr. Eldred was President of the Berkshire Hathaway Homestate Companies, the regional specialty lines businesses of billionaire Warren Buffett’s Berkshire Hathaway Insurance Group. During that time, the Homestate Companies wrote as much as $800 million in worker’s compensation and commercial auto premiums annually.
I am looking forward to forming relationships with professional insurers interested in building profitable worker’s compensation or specialty commercial auto portfolios with us here at Align.
“Rod is a very experienced and highly respected executive that has an incredible record of success in the insurance business,” said Kieran Sweeney, Align’s CEO. “We are very fortunate to have Rod on Align’s senior management team and we are excited to introduce Rod to our carrier partners and customers.”
“Align has a great leadership team in place and is building a specialty underwriting business the right way,” stated Rod Eldred. “I am looking forward to forming relationships with professional insurers interested in building profitable worker’s compensation or specialty commercial auto portfolios with us here at Align.“
The addition of Mr. Eldred and the new Worker’s Compensation Division is the latest expansion of the specialty program underwriting capabilities offered by Align. The Company expects to enter the California marketplace writing worker’s compensation and a broader array of commercial auto risks in the first quarter of 2012, which will complement the company’s existing commercial transportation, property, professional lines and construction risks businesses.
Align Financial Group, LLC. is a Delaware domiciled insurance holding company headquartered in San Diego, California that owns Align General Insurance Agency, LLC., Public Livery Insurance Services, Inc., E.L.M Insurance Brokers, Inc. and Align Claims Services, Inc. which act as program underwriting managers, a wholesale broker and a claims adjusting company respectively. In September 2011, the Company partnered with Excellere Partners, a private equity firm to form Personable Insurance, a specialist non-standard auto insurance business. Align began operating in early 2005 and currently manages a number of unique specialty programs on an admitted and surplus lines basis on behalf of leading commercial lines insurers. The company has five specialist operating businesses: Construction Risks, Commercial Transportation, Property, Professional Lines and Worker’s Compensation. For more information on Align, visit www.aligngeneral.com.
Align General Insurance Agency, LLC
Kieran Sweeney, 619-702-7022 ext. 201