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Austin, Texas, 17th August 2021 / PRNewswire / – Obsidian, an AM Top Rated “AA” Hybrid Fronting Program Sponsor, has partnered with SafeLease Insurance Services to offer a novel tenant protection program. Originally geared towards the self-storage market, this partnership will enable SafeLease to enable the most robust plans for protecting tenant content and delivering superior economics to landlord partners.
Tenant insurance has traditionally been difficult to sell as a lease add-on for landlords, making it more of an administrative burden than a meaningful source of income. SafeLease solves this problem by integrating its proprietary protection plan directly into the storage facility’s standard lease and by managing all reinsurance operations, billing and claims internally.
“By partnering with Obsidian, we have laid the foundation for SafeLease to become a new leader in contractual liability products,” said Steven Stein, Founder and CEO of SafeLease. “We know the self-storage market well and are pleased to have Obsidian as our fronting partner who has invested their time and resources in understanding this niche.”
“We are very excited to partner with SafeLease on this new opportunity,” said William Jewett, CEO of Obsidian. “Steven Stein has built a focused team that is well positioned in this rapidly evolving market segment and we are confident that our partnership will be an attractive and sustainable opportunity for Obsidian. “
To learn more about SafeLease, visit www.safelease.co.
About obsidian
Obsidian Insurance Holdings, Inc., through its insurance carrier subsidiaries, is a new insurance holding company that issues policies written by managing general agents, managing general underwriters and program managers. Obsidian will source, write and manage a diverse portfolio of property, casualty and specialty insurance programs and reinsure the majority of its business with select reinsurers. Obsidian was founded in 2020 in partnership with insurance industry leaders and Genstar Capital. More information is available at www.obsidianspecialty.com.
About SafeLease
SafeLease is a fully integrated insurance agency that has indemnity products throughout United States and manages all administrations and claims internally. In addition, SafeLease’s affiliate reinsurer provides capital to enable uniquely designed risk management products. With offices in Austin, TX and Madison, WI, is hiring SafeLease for local and remote positions with immediate effect. You can find more information about our vacancies on our careers page https://jobs.ashbyhq.com/safelease.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
View original content: https://www.prnewswire.com/news-releases/obsidian-partners-with-safelease-to-provide-tenant-protection-program-301356099.html
SOURCE Obsidian Insurance Holdings, Inc.
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