FOR IMMEDIATE RELEASE
GLENDALE, CA, May 14, 2024 – CIBA, a leading provider of insurance solutions in the E&S market, is thrilled to announce a significant enhancement to its general liability (GL) offering. In alignment with its strategic growth goals and commitment to excellence, CIBA has partnered with AZGUARD® Insurance Company, member of Berkshire Hathaway GUARD Insurance Companies and a non-admitted carrier in CA, NY, and other states. All Berkshire Hathaway GUARD subsidiaries are rated A+ Superior by A.M. Best (reaffirmed July 2023) and backed by the financial strength of the renowned Berkshire Hathaway Group.
“Joining forces with CIBA to create an industry-leading E&S solution in this dynamic marketplace is an exciting opportunity. CIBA’s proven track record of data-driven underwriting excellence aligns perfectly with GUARD’s current and future ambition. One more opportunity for us to bring capacity to an underserved market with hyper-segmentation and underwriting discipline." – Adam Edelstein, President of Berkshire Hathaway GUARD
This strategic move underscores CIBA's dedication to providing top-tier coverage and service to its brokers and clients. By transitioning its GL product to AZGUARD, CIBA aims to further strengthen its position in the market and enhance the value proposition for its clients.
"We are excited about this transition and the opportunities it presents for our company and our partners," said Robert Rheel, CEO at CIBA. "Berkshire Hathaway GUARD’s reputation and stability align perfectly with our vision for the future and our long-term growth goals. This move reflects our ongoing commitment to delivering superior coverage and support to our brokers and clients."
With GUARD behind its GL offering, CIBA is poised to continue to deliver unparalleled protection and service to its customers and with expanded capabilities. The transition represents a significant milestone in CIBA's journey towards becoming a stronger and more resilient organization.
CIBA expresses its gratitude to its brokers and clients for their continued support and trust. The company remains committed to ensuring a seamless transition and is available to address any inquiries or concerns.
For more information, please contact Lisa Qiang at lqiang@cibaservices.com or visit www.cibaservices.com.
About CIBA: Our journey began in 1993 when a forward-thinking property development manager sought innovative insurance solutions. Over the years, we've transformed into a prominent E&S insurance program recognized across the market for robust coverages and unwavering service stability, consistently evolving our solutions to meet the dynamic demands of the industry, our valued partners, and our esteemed clients.