Gregg Barrett, an insurance executive with long experience in the property-and-casualty and flood lines of business, formed WaterStreet in 2000. His goal: to enable companies like yours to increase efficiencies, realize cost reductions, and focus on core objectives. Operating from headquarters in Kalispell, Montana, our company is privately owned by our management. After a decade and a half, our aim is still to help you earn leadership in your markets.
From the start, our primary customers have been property carriers in highly sensitive, peak-catastrophe states where they must interact with risk-bearing government entities. In serving insurance companies as well as captives, risk retention groups, and MGAs, we apply industry-leading expertise in the personal property, Federal flood, and rules-based commercial fields.
We bring a broad range of experience to every project we undertake. We’ve worked in both Florida and Louisiana Citizens Property Insurance Corporations takeouts, and can adapt the process to other takeout opportunities. We’ve ceded portfolio transactions under assumption agreements; served as the Florida Guaranty Association administrator in an orderly runoff of client business; and orchestrated the orderly transfer or non-renewal of a large portfolio of policies following a client carrier acquisition.
In bringing you custom-tailored solutions, we partner with the best. For example, two of the companies whose resources we bring within your reach are Microsoft and VMware.
Many of our clients have good reasons for integrating third-party products with their IT solutions. That’s why our technical options are flexible; they empower you to choose your own way of doing business. Our system is integrated with such products and suppliers as:
WaterStreet Company delivers value to small and midsize P&C insurers by supporting their operational and technology needs so they can work more efficiently, manage headcount and cost, and focus on their core objectives. By enabling our customers to become more productive and more successful, we help ensure success for our own company and for every member of our team.
We strive to deliver effortless and satisfying customer experiences every time. That’s why we never forget the culture, values, and concerns that make each of our customers a unique individual, and why we approach every interaction from an open, friendly, and helpful position. This relationship-driven outlook guides us as we constantly aim to exceed industry norms for insurance expertise, technical quality, and customer ROI. Internally, our definition of success balances targeted growth with well-managed risk.