FOR IMMEDIATE RELEASE
September 12, 2017
VP Business Development and Marketing
Stratus Risk Underwriters, Inc., Chooses WaterStreet Company As Partner in Expanding Innovative Portfolio of Insurance Products
KALISPELL, Mont., October 12— In a drive to make insurance more accessible for niche markets such as residents of manufactured homes and owners of aircraft hangars, Stratus Risk Underwriters, Inc., has formed a strategic partnership with WaterStreet Company.
Per Stratus co-founder and managing director Doug Gaudet, the relationship will enable his company to quickly customize products and enter new markets as opportunities arise. “WaterStreet provides intuitive, flexible systems and expert services that will allow our agents to easily and efficiently close business,” he said this week.
“We’ve known WaterStreet for years, and we collaborated with them as we formed our business plan. WaterStreet has an exceptionally experienced management team. They understand our business, and they can anticipate and fulfill our requirements. So we are confident that they can provide systems and services that will help us attract agents and grow.”
Mr. Gaudet explained that Stratus will offer products and services to customers in niche markets with unique products that are not well served by mainstream insurance companies. “To compete in our market, we must have the automation and support necessary to keep our expenses down and provide our customers with the technology to enable intuitive, efficient service. This partnership with WaterStreet will give us all the technical expertise and depth of customer service we need.”
“This alliance with Stratus Risk Underwriters is a significant step for us as we diversify into the managing-general-agent business,” said Gregg Barrett, president of WaterStreet Company. “Stratus will be booking and servicing unique products, and will need agility as they grow. Our understanding of their business and our flexibility combine to make us the perfect business and technical partner.”
About WaterStreet Company
WaterStreet Company, based in Kalispell, Mont., supports the operational and technical needs of property and casualty insurance carriers. Combining the latest in real-time, rapid-response technology with a highly experienced team of service professionals, the WaterStreet solution encompasses all sales and service functions. As a result, WaterStreet clients work more efficiently, manage headcount and cost more effectively and find time to focus on core objectives. For more information, visit www.waterstreetcompany.com.
About Stratus Risk Underwriters
Stratus Risk Underwriters began in Florida in 2014. The seasoned professionals on its management team specialize in targeting unique, untapped markets that do not readily fit the traditional insurance-company model. Further details are posted at http://www.stratusrisk.com.