Handshake 3

Rhino signs agreements with Ally Insurance, ReAlign, and Clear Blue

Real estate technology firm Rhino has signed a series of deals with a host of re/insurance firms that include Ally Insurance, ReAlign and Clear Blue Insurance Group.

Handshake 3These agreements, the details of which have not been released, follow several key milestones earlier this year that demonstrated continued growth and accelerated adoption of its products and services. The firm did say that these new agreements will expand its premium writing capacity for security deposit insurance to more than $200 million.

Benjamin Lantos, co-founder and chief risk officer of Rhino, said: “Despite a challenging environment in the insurance industry, Rhino’s growth remains as strong as ever and we see tremendous support from our partners across the insurance and housing industries. due to the stability and resilience of our product offerings. Macroeconomic factors are driving tenants to innovative, common sense solutions, such as security deposit insurance.”

He added: “With the support of our reinsurance partners and brokers, Rhino is poised for continued expansion beyond our partner network of more than six million homes, which will lead to further savings for tenants in 2023 and beyond.”

Rhino announced earlier this year that its security deposit insurance is offered in a partner network of more than six million homes and has saved U.S. renters more than $1 billion in pre-move-in costs since 2017. It also announced in July that he has a strategic partnership with AmTrust Financial.

Stratumn, by SIA Partners

According to its website, Rhino’s renters insurance product is provided by Cover Genius Insurance Services and underwritten by Markel. The firm says it acts as an agent for Cover Genius in connection with renters insurance.

Jerome Breslin, CEO of Clear Blue Insurance Group, said: “We are excited about the opportunity for continued growth in our partnership with Rhino and the ability to showcase new innovations in Clear Blue’s platform. Our reinsurance partners support the program in large part because of Rhino’s track record of risk management and strong underwriting policies.”

Print, PDF and email friendly

Related Posts