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USIC Expands Capabilities for Greater Market Coverage

The Puerto Rican insurance company maintains its A-rated financial strength while expanding capabilities to serve surety and property clients across the island’s economy

September: Insurance·By Caribbean Business Staff··3 min read
USIC Expands Capabilities for Greater Market Coverage
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Behind every growing business, every new project and every professional investing in Puerto Rico, there is hard work, vision and commitment. But there must also be a trusted partner that understands the market, recognizes its challenges and has the capacity to respond, according to United Surety & Indemnity Company (USIC).

For more than 35 years, USIC has positioned itself as that partner, supporting those who contribute to the growth of Puerto Rico’s economy. The company, which built its history on trust, expertise and a commitment to being there when policyholders and business partners need them most, continues to evolve its offerings and capabilities.

“Through our two lines of business, Surety and Property, we serve the needs of companies, professionals and policyholders at different stages,” a company statement noted. “In Surety, we are a market leader in Puerto Rico, a position that reflects our experience, capacity and deep understanding of an industry that is essential to the island’s economic development. In Property, we continue to strengthen our offerings to protect what our customers have built and expand the solutions available in an ever-evolving market.”

More than three decades of experience does not mean standing still; it means using what we have learned to innovate, adapt and prepare for what lies ahead.

The dual business model allows USIC to provide comprehensive support, from bonds that guarantee commitments and help make new projects possible, to policies that protect homes and construction projects. According to the company, this approach goes beyond offering a product; it is about responding with solutions, expertise and agility.

That ability to respond is built on financial stability. USIC maintains an A (Excellent) Financial Strength Rating from AM Best, which the company has held for 30 consecutive years. This rating reflects USIC’s financial strength and ability to meet its obligations, two essential considerations when choosing an insurance company.

The company’s greatest strength, however, continues to be its people. USIC’s team includes highly experienced professionals who understand Puerto Rico, its industries and the realities of doing business on the island.

The close relationships the company maintains with insurance producers, businesses and policyholders allow it to listen, understand each situation and respond with service standards that have distinguished USIC throughout the years.

“Today, we continue to evolve,” the company adds in the statement. “We have expanded our capabilities, strengthened our offerings and introduced new tools and processes to respond more efficiently. Because more than three decades of experience does not mean standing still; it means using what we have learned to innovate, adapt and prepare for what lies ahead.”

Looking to the future, USIC said it will maintain the same sense of responsibility that has shaped its history, preserving its strength, its close relationships and its commitment to Puerto Rico. “We will continue to stand behind those who invest, build, protect and move our island forward,” the company stated.

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