NEW YORK, NY, October 4, 2023, Verita (Verita CSG, Inc.), a Managing General Underwriting (MGU) company, is excited to announce its official launch, wellpositioned and poised to revolutionize the insurance industry with a commitment to utilizing deep industry expertise, superior service, and customized insurance solutions.
In a rapidly evolving insurance landscape, Verita is dedicated to providing innovative solutions and tailored products to meet clients’ unique needs. Verita’s team of industry veterans brings deep expertise and a comprehensive understanding of clients’ insurance needs across property, casualty, and financial lines of business. The new company will initially focus on Real Estate, Hospitality & Leisure, Financial Institutions, and Professional Services industries.
“Our mission is to provide clients with the right insurance tools to mitigate their risks, allowing them to focus on growing their businesses.”
Edward Chiang | President and CEO, Verita
Verita understands the complexities of clients’ unique businesses and beyond delivering specialized insurance solutions, is committed to providing exceptional service. From the initial onboarding to engaging with underwriting, claims and loss control experts, the team aims to deliver a seamless, stress-free experience.
Verita brings expertise with programs from guaranteed-cost policies to highly customized alternative insurance solutions. The company offers a distinctive and adaptable approach, permitting Verita to provide bespoke configurations for a young, growing company seeking flexible insurance program structures or in a similar fashion, providing an established corporation a niche insurance product. Verita’s bespoke approach ensures that clients receive access to a comprehensive suite of industry-specific insurance solutions.
"We believe in developing and providing innovative, long-term insurance solutions for our clients. Our relentless commitment to industry specialization will place Verita at the forefront of meeting the insurance product and service challenges of today’s evolving risk environment,” said Edward Chiang, President and CEO, Verita. "Our mission is to provide clients with the right insurance tools to mitigate their risks, allowing them to focus on growing their businesses."
“Furthermore, we are delighted to have the support of strategic allies, especially Markel. It is exciting to collaborate with industry specialists driven to be the best in the business, which will lead to mutual success.”
To learn more, please visit: Verita
Verita CSG, Inc. (d/b/a Verita CSG Insurance Services, Inc. in the States of California, and New York) (“Verita”) is a general agent with its principal place of business in Portsmouth, New Hampshire (CA license #: 0660690). Verita underwrites insurance business on behalf of certain non-affiliated insurance companies subject to pre-approved underwriting guidelines. Verita is licensed as a property casualty insurance agency in all states in which products are offered. Availability and qualification for coverage, terms, rates, and discounts may vary by jurisdiction. Policy obligations are the sole responsibility of the issuing insurance carrier. Coverage under any insurance policy is subject to the terms and conditions of that policy and is the decision of the buyer. Verita receives commission and/or additional compensation from its insurance company partners in connection with its sale of insurance to you.
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers, and clients – that differentiates us worldwide.
State National provides capacity by offering broad licensing authority and national access to insurance products and markets, enabling our clients to be more responsive to new opportunities. Fronting is provided through State National Group, composed of five insurance companies: State National Insurance Company, National Specialty Insurance Company, City National Insurance Company, United Specialty Insurance Company, and Independent Specialty Insurance Company. All five insurance companies are rated “A” (Excellent) by AM Best, the insurance industry’s recognized independent rating organization. Our AM Best rating has been maintained since the first year of eligibility, affirming a strong capital structure and excellent operating performance.
