SAN FRANCISCO, April 12, 2018 /PRNewswire/ -- Great
American Insurance Company and RPX Insurance Services, LLC (RPXIS),
a wholly owned subsidiary of RPX Corporation (NASDAQ: RPXC), today
jointly announced that they have entered into a limited binding
authority agreement. Under the terms of the agreement, RPX
Insurance Services will underwrite and issue policies on behalf of
Great American E & S Insurance Company. Great American E &
S Insurance Company holds an A+ (superior) rating from AM Best,
last affirmed August 17,
2017.
"Great American's sterling reputation with insurance brokers, as
well as proven product development and sales capabilities, makes
them an ideal match for RPXIS. We look forward to working with
them," said Rob Kingsley, President
of RPXIS.
RPXIS began underwriting policies on behalf of an affiliated
risk retention group in 2012. In 2014, it established itself as a
coverholder with Lloyd's of London. This agreement with Great American is
a natural progression of RPXIS's growth, allowing the company to
align its underwriting and claims capabilities with a
highly-regarded US-based carrier.
"RPXIS leverages its deep industry expertise into a proven
ability to help its clients manage risk," said Dave Ferron, Product Management Director, Great
American Insurance Group. "We're proud to collaborate with this
industry leader."
ABOUT RPX
RPX Corporation (NASDAQ: RPXC) is the
leading provider of patent risk and discovery management
solutions. Since its founding in 2008, RPX has introduced
efficiency in the patent market by providing rational alternatives
to litigation, including patent litigation insurance. Using its
proprietary actuarial model, RPX Insurance Services, a wholly owned
subsidiary of RPX, customizes policies to the specific risk and
coverage needs of each insured. RPX policies provide integrated
claims management, preferred provider legal services, and case
resolution support, thus allowing a company to fully outsource
every aspect of dealing with patent risk. More information about
RPX Insurance Services and its offerings is available at
www.rpxinsurance.com.
ABOUT GREAT AMERICAN INSURANCE GROUP
Great American
Insurance Group's roots go back to 1872 with the founding of its
flagship company, Great American Insurance Company. Based in
Cincinnati, Ohio, the operations
of Great American Insurance Group are engaged primarily in property
and casualty insurance, focusing on specialty commercial products
for businesses, and in the sale of traditional fixed and
fixed-indexed annuities in the retail, financial institutions and
education markets. Great American Insurance Company has received an
"A" (Excellent) or higher rating from the A.M. Best Company for
more than 100 years (most recent rating evaluation of "A+"
(Superior) affirmed on August 11,
2017). The members of Great American Insurance Group are
subsidiaries of American Financial Group, Inc. (AFG), also based in
Cincinnati, Ohio. AFG's common
stock is listed and traded on the New York Stock Exchange under the
symbol AFG.
RPX Media Contact:
Jen
Costa
RPX
Corporation
+1.415.852.3180
media@rpxcorp.com
RPX Investor Relations Contact:
JoAnn Horne
Market Street Partners
+1.415.445.3233
ir@rpxcorp.com
Great American Insurance Group Contact:
Diane P. Weidner
Great American Insurance Group
513-369-5713
dweidner@amfin.com
www.GreatAmericanInsuranceGroup.com
www.AFGinc.com
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SOURCE RPX Corporation