Kingsway Financial Services Inc., through its subsidiaries, operates in the property and casualty insurance business in the United States and Puerto Rico. In 2013, the company's subsidiary, Trinity Warranty Solutions LLC (Trinity), acquired certain intangible assets of Trinity Warranty Corp. Segments The company operates through two segments, Insurance Underwriting and Insurance Services. Insurance Underwriting This segment's property and casualty insurance business operations are conducted primarily through the following subsidiaries: Mendota Insurance Company; Mendakota Insurance Company; Universal Casualty Company; Maison Insurance Company; Kingsway Amigo Insurance Company; and Kingsway Reinsurance Corporation (collectively, ‘Insurance Underwriting’). Insurance Underwriting principally offers personal automobile insurance to drivers who do not meet the criteria for coverage by standard automobile insurers. Insurance Underwriting Products Insurance Underwriting primarily markets automobile insurance products which provide coverage in three major areas: liability, accident benefits and physical damage. Liability insurance provides coverage for claims against the company's insureds legally responsible for automobile accidents which have injured third-parties or caused property damage to third-parties. Accident benefit policies or personal injury protection policies provide coverage for loss of income, medical and rehabilitation expenses for insured persons who are injured in an automobile accident, regardless of fault. Physical damage policies cover damages to an insured automobile arising from a collision with another object or from other risks such as fire or theft. Non-Standard Automobile: Non-standard automobile insurance is principally provided to individuals who do not qualify for standard automobile insurance coverage because of their payment history, driving record, place of residence, age, vehicle type or other factors. Commercial Automobile: Commercial automobile policies provide coverage for low-limit, light-weight, individual unit or small fleet commercial vehicles. Allied Lines: Allied lines includes policies that provide coverage for wind and hail-related property losses of residential dwellings and certain contents, as well as premium related to Kingsway Amigo Insurance Company’s participation in the National Flood Insurance Program. The program is a cooperative undertaking of the insurance industry and the Federal Emergency Management Agency which allows participating property and casualty insurance companies to write and service the Standard Flood Insurance Policy in their own names. Homeowners: Homeowners premium includes dwelling, homeowner and mobile home/manufactured home policies for multi-peril property risks. Marketing and Distribution: The company’s strategy focuses on developing and maintaining strong relationships with its independent agents. Insurance Underwriting's products and services are marketed through approximately 4,500 independent agencies. Insurance Services This segment’s insurance services includes the following subsidiaries: Assigned Risk Solutions Ltd. (ARS), IWS Acquisition Corporation (IWS) and Trinity, (collectively, Insurance Services). During the first quarter of 2013, Northeast Alliance Insurance Agency, LLC, formerly included in Insurance Services, was merged into ARS. ARS is a licensed property and casualty agent, full service managing general agent and third-party administrator focused primarily on the assigned risk market. ARS is licensed to administer business in 22 states. IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in 26 states to their members. Trinity is a provider of warranty products and maintenance support to consumers and businesses in the heating, ventilation, air conditioning (HVAC) and refrigeration industry. Trinity distributes its warranty products through original equipment manufacturers, HVAC distributors and commercial and residential contractors. Trinity distributes its maintenance support direct through corporate owners of retail spaces throughout the United States. Insurance Services Products ARS markets the same type of insurance products as Insurance Underwriting. This risk is borne by the insurance companies which partner with ARS in their marketing activities. IWS markets and administers vehicle service agreements and related products for new and used automobiles throughout the United States. IWS serves as the administrator on all contracts it originates. Vehicle service agreements range from three months to seven years and/or 3,000 miles to 100,000 miles. In addition to marketing vehicle service agreements, IWS also brokers a guaranteed asset protection product (GAP) through its distribution channel. GAP covers a consumer's out-of-pocket amount, related to an automobile loan or lease, if the vehicle is stolen or damaged beyond repair. Trinity is a provider of HVAC and refrigeration warranty products and provider of equipment breakdown and maintenance support services to companies across the United States. As a provider of warranty products, Trinity markets and administers product warranty contracts for certain new and used products in the HVAC and refrigeration industries throughout the United States. Marketing and Distribution: ARS markets its products through approximately 5,000 independent agencies. IWS markets its products primarily through credit unions. The credit unions are served by IWS employee representatives located throughout the United States in close geographical proximity to the credit unions they serve. IWS distributes and markets its products in 26 states. Trinity directly markets and distributes its warranty products to manufacturers, distributors and installers of HVAC and refrigeration equipment. History Kingsway Financial Services Inc. was founded in 1989. The company was incorporated under the Business Corporations Act (Ontario) in 1989.
kingsway financial services
45 St. Clair Avenue West
Toronto, ON M4V 1K9
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