MIAMI-Cinium Financial Services Corporation (“Cinium”) is pleased to announce that it has reached an agreement to underwrite surety business through State National Insurance Company, Inc. and National Specialty Insurance Company (collectively “State National Companies”), rated “A” by A.M. Best. Cinium will initially underwrite business through State National Companies in 48 states excluding only Connecticut and Massachusetts.
This new association allows Cinium to provide surety bonds with increased stability and security. Recognized as an international benchmark of financial strength, the “A” rating by A.M. Best is used to describe an organization that is secure and excellent in terms of creditworthiness. “All of us are very excited to work with State National Companies. We’re looking forward to a long and prosperous relationship with such a reputable, established group of companies and appreciate the opportunities ahead of us,” says Cinium CEO, Jeffrey Camp.
In addition to offering contract and license & permit bonds for the non-standard market, Cinium also offers working capital, project accounting, and consulting services to help increase clients’ financial stability.
About Cinium Financial Services Corporation
Founded on recognition of the importance of character, Cinium’s strategic focus is to provide needed products and services to frequently ignored small to midsized companies and independent business professionals. An MGA serving the contract and miscellaneous surety markets since 2010, Cinium is comprised of a team of experienced industry professionals in the surety, construction and financial markets. Cinium’s risk management has three primary components: credit risk underwriting, construction risk underwriting and project accounting, which gives Cinium complete authority over all project funds. Cinium also provides extensive value-added back-office services that are unavailable elsewhere in the market place.
Cinium’s mission is to provide value-added insurance, credit and support to small and mid-sized commercial contractors to enable them to grow their businesses profitably and sustainability.
For more information, visit Cinium’s website at: http://www.Cinium.com
About State National Companies
State National’s nationwide licensing authority in multiple lines of business and an “A” (Excellent) A.M. Best rating provides access to a broad range of property and casualty products, programs, and markets. State National Group or Companies provides program managers and insurers the bridging capabilities to enter additional markets, respond to new opportunities, remain in existing markets, and achieve growth goals.
For more information, visit State National’s website at: http://www.statenational.com/