INDIANAPOLIS, Sept. 30, 2008 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA) (Nasdaq:BWINB) today announced that its subsidiary, Protective Insurance Company, has entered into an agreement with Paladin Catastrophe Management to produce Casualty Clash and Workers Compensation Catastrophe Reinsurance in the United States. Martha Atwater, who has 15 years experience writing Clash and Workers Compensation Catastrophe coverage, has joined Paladin to manage this new program.
Paladin Catastrophe Management will continue to solicit and underwrite selected Property Catastrophe Reinsurance business, along with the new program for Casualty Clash and Workers Compensation Catastrophe business, exclusively on behalf of Protective. Paladin will also continue to consider specific terrorism reinsurance, property per risk and property aggregate stop loss programs on a selected basis.
About the company:
Baldwin & Lyons, Inc., based in Indianapolis, Indiana, is a specialty property-casualty insurer with a leading position in providing liability coverage for large and medium-sized trucking fleets and public transportation fleets. Additionally, the company's product offerings include coverage for private passenger automobile and small fleet trucking as well as a limited program of reinsurance assumed.
Cautionary Note Regarding Forward-Looking Statements
Forward-looking statements in this report are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve inherent risks and uncertainties. Readers are encouraged to review the Company's annual report for its full statement regarding forward-looking information.