A History Enriched By Family Values
KRAMER-WILSON COMPANY (KWC)
KWC was founded by Lawrence Kramer and Weldon Wilson as a managing general agency in California.
THE CREATION OF CENTURY-NATIONAL INSURANCE COMPANY (CNIC)
CNIC is a California domiciled property and casualty company that focused initially on auto physical damage policies sold through auto dealerships.
INCORPORATION OF KW REINSURANCE COMPANY, LTD.
Originally domiciled in Turks and Caicos, KW Reinsurance supported Century-National Insurance Company.
ACQUISITION OF WESTERN GENERAL AGENCY
WGA was an agency that specialized in homeowners insurance sourced through banks and mortgage lenders. The acquisition of WGA CNIC's entry into homeowners’ segment, which quickly became its more dominant line of business.
NEW FOCUS
KWC sold CNIC to National General but retained KW Reinsurance.
KW SPECIALTY INSURANCE COMPANY
KW Reinsurance was domesticated to the United States and the State of Delaware. During this shift, the company name was changed to “KW Specialty Insurance Company,” and was granted a Certificate of Authority as a Domestic Surplus Line Insurer domiciled in Delaware.
AM BEST A- XIII RATING
In May of 2018, A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to KW Specialty Insurance Company (KWS) (Wilmington, DE).
KWiQ™ INSURANCE PREMIUM RATE QUOTING LAUNCH
KWiQ™ (KW Intelligent Quoting) utilizes technology that is cloud-based, digital, and extremely flexible, ensuring a good customer experience. Providing insurance premium rate quotes through our dedicated online portal to our valued customers.
KW Specialty is now one sole company, which ensures a hyper-focus on your success.
KW Specialty has held family values since our inception in 1969. Each partnership nurtures the family feeling we work diligently to maintain.
On top of that, our KWiQ system (KW Intelligent Quoting) utilizes technology that’s cloud-based, digital, and extremely flexible and variable (which ensures efficient, seamless workflow).
Our systems are exclusive to our partners in the wholesale distribution channel. We are always tirelessly working for our clients since our success is tied intimately to our partners’ success.
We call this Partner-Centric, Succeeding Together™…it’s The KW Way.
Helping each other succeed is the engrained value in our company. We know that we can not succeed without the voices of our partners.
With our partners, we develop strategies that put our partnership in the best position to win. Being Partner-Centric is a business model choice, with “skin in the game” for KW Specialty and our partners.
To put it simply: we have the same fate.
Our partner relationships are key to our growth. The KW Specialty team brings over 100 years of combined experience, and have spent years cultivating meaningful relationships within the industry. We have also nurtured our skills to align our partners’ needs, outcomes and goals.
We are confident in our ability to deliver innovative solutions for the next generation of specialty insurance.
Our team has a deep understanding of the surplus lines industry and are always open and ecstatic to discuss and share new ideas.
We will be active teachers and eager students focusing on innovative, data-driven performance models.
Our business knowledge, coupled with our partners market and competitive intelligence, allows everyone to be mutually successful.
Our Mission: As a family owned, financially secure, and ethical surplus lines insurer, KW Specialty Insurance Company strives to meet the unique needs of policyholders and their agents with a long-term, stable commitment to the markets we serve, and by providing highly responsive customer service.
When you visit the KW Specialty home office, our walls proudly announce our Values, which are:
- Partnerships
- Honesty
- Loyalty
- Responsiveness
- Pride
- Accountability
- Commitment
- Opportunity
- Trust
- Diversity
- Sound Business Judgement
- Responsible
- Innovative
- Expertise
- Integrity
- Respect
- Fairness
- Teamwork
Our family values solidify our approachability, openness, and honesty with our partners. We share information freely and transparently. We have no hidden agendas, and our communication lines are always open.
KW Specialty is also adaptable and willing to learn from our successes AND our mistakes. Our KWiQ system is designed with partner integration at its core, ensuring all integration points are sensible and align with the way YOU want to work with KW Specialty.
We always strive to be better and to do better.
Here is our promise to you:
We will always work towards our mutual interests, leveraging shared strengths and mitigating weaknesses. We will deliver solutions thoughtfully and strategically, while constantly searching for ways to operate effectively and efficiently, succeeding together.
Sincerely,
Gary Romay – President
You know our history - now it’s time to meet the KreW.
As of December 31, 2021, Kramer-Wilson Company, Inc. has total consolidated assets and shareholders’ equity of approximately $614 million and $482 million, respectively.
KW Specialty Insurance Company is a Delaware Domestic Surplus Lines Insurer with statutory surplus of $104 million with an A.M. Best A- (Excellent) VIII Rating.