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AssureLease selects Vanbridge as strategic broker

IBR Staff Writer Published 08 May 2015

Vanbridge, an insurance intermediary, capital advisory and insurance and reinsurance management firm announced that it has formed a strategic brokerage partnership with AssureLease, the leading provider of a Landlord controlled insurance program for residential properties, commercial space and student housing.

AssureLease provides real estate owners and/or management companies with a tailored insurance solution that addresses the limitations of traditional security deposits.

This innovative financial risk product was designed for large scale properties and provides landlords with the ability to leverage their assets in a way that improves financial outcomes.

By replacing a traditional security deposit with AssureLease's insurance solution, the risk of loss is spread over all tenants, eliminating the negative impact a tenant in default can have on the bottom line and replacing it with the distinct ability to create a net financial positive outcome. The program provides coverage in all 50 states as well as Canada and is underwritten by Torus Specialty Insurance.

"We are excited and proud to partner with Vanbridge as a strategic broker for AssureLease; they are extremely well positioned with a reach that extends across our entire client and prospect base," said Andrew D. Loughrane, President of AssureLease.

Vanbridge is an insurance intermediary, capital advisory and insurance and reinsurance management firm that provides products and services at the intersection of the (re)insurance, private equity and hedge fund industries.

Source: Company Press Release