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Insurance Wholesaler Socius, Inc. and Tangram Insurance Services Announce Partnership to Launch Expanded Nonprofit Insurance Program

SAN FRANCISCO, Oct. 1, 2012 /PRNewswire/ -- Socius Insurance Services, Inc., a management liability and property & casualty insurance wholesaler, and Tangram Insurance Services, a managing general underwriter, recently announced they have formed a partnership to launch a comprehensive Management Liability product for nonprofit, social service organizations.

This product continues the expansion of Tangram's Community First Program, providing insurance solutions designed for the nonprofit, social service industry for over a decade.

The Community First Program will now include directors and officers, employment practices and fiduciary liability coverage, in addition to workers compensation. The nonprofit insurance program is dedicated to addressing the insurance needs of social service providers so they may focus on their charitable mission. Coverage is exclusively offered through ProSight Specialty Insurance, Rated "A" (excellent) by A.M. Best.

Says Socius President, Patrick Hanley, "We are very excited to partner with Tangram and ProSight Specialty on this initiative. By combining the strengths of our collective organizations we are able to offer an exceptional suite of products to the social service community."

Rekha Skantharaja, Senior Vice President of Tangram added, "Tangram has been dedicated to the nonprofit community for over a decade. We will continue to expand our breadth of insurance solutions and partnering with Socius allows us to deliver top notch expertise around management liability."

The management liability product is available immediately. For all inquiries or to send submissions, please contact Kevin Miller at kmiller@sociusinsurance.com or 415-796-0627.

About Socius Insurance Services, Inc. Socius Insurance Services, Inc. is a property / casualty and management liability wholesale broker based in San Francisco, Calif., with regional offices in Los Angeles; Sacramento; Elgin, Ill.; Birmingham, AL; and Tampa and Miami, Florida. Socius specializes in D&O, E&O, EPL, property & casualty and umbrella coverages. Founded in 1997, the company currently has approximately 50 employees, and is privately held. For more information, please visit Socius online at www.sociusinsurance.com.

About Tangram Insurance Services. Tangram is a national program manager bringing in-depth expertise and specialized program capabilities to a variety of industries. With over a decade of experience, Tangram partners with the top insurance companies to deliver niche insurance solutions. For more information, visit www.tangramins.com.

About ProSight Specialty Insurance. ProSight Specialty Insurance was founded by CEO Joseph Beneducci in 2009 and is backed by affiliates of TPG Capital and GS Capital Partners. ProSight Specialty Insurance focuses on niche markets where it has differentiated underwriting and claims expertise, and partners exclusively with specialist distributors who have a deep understanding of their customers. Visit www.prosightspecialty.com

SOURCE Socius Insurance Services; Tangram Insurance Services