KNIGHT INSURANCE GROUP
|The Hankey Group|
|Total Assets: $ 4.9 Billion|
|Total Revenues: $ 1.4 Billion|
Knight Insurance Group, a provider of capital support and underwriting capability for niche insurance program business. The Knight Insurance Group focuses upon well-managed niche program business on an admitted and non-admitted basis. Knight is part of the $4 Billion, privately held Hankey Group of Companies, a Los Angeles-based financial services group. Its insurance companies include, Knight Re, Knight Specialty Insurance Company and KnightBrook Insurance Company.
Knight Insurance Group focus on well-conceived and well-managed niche programs having an 88% or better combined ratio, in the areas of commercial auto, general liability, financial guaranty, and other specialty areas. We accommodate workers compensation or catastrophic risks only in exceptional circumstances.
Knight Insurance Group currently supports multiple programs underwritten by various Managing General Agents and program administrators in varying capacities. New program opportunities must clear an internal minimum return on investment threshold of 30% equating to an 88% combined ratio. During a qualitative review knight will develop a general understanding of the product, define an acceptable program structure and ensure technological capabilities.
If a program opportunity passes the qualitative stage Knight will proceed to form development, rate making, State filings and underwriting guidelines.
Program Managers will take a functional role in the daily operations of an active program overseeing accounting, claims administration and performance analysis.