PAR was established in 1986 in response to the needs of a small group of agency principals who were all committed to growing their firms while remaining privately held.

At the time, the standard market was not providing the terms and conditions needed by large firms who were expanding and growing more complex. Instead, the market operated under the belief that “big was bad” -- that a sizable agent or broker was more likely to suffer E&O losses than a smaller organization.

PAR held a different belief. We see large firms as the industry’s innovators and leaders. We provide stable, broad professional liability coverage that helps protect such firms as they grow—that changes as they change. It’s not a static, “one-size fits all” solution, but rather a customizable, flexible program that evolves and adjusts as needed.

Our expertise comes from the collaborative input and oversight of our three founding entities:

Assurex Global, the world's largest independent insurance brokerage with over $28 billion in annual premium volume.

The Council of Insurance Agents and Brokers (CIAB), a professional association representing leading insurance agencies and brokerage firms worldwide.

Fireman's Fund Insurance Company, one of the premier providers of business and personal insurance in North America.

Many of our first insureds remain as shareholders today, a remarkable testament to the effectiveness of our program. In fact, PAR boasts an impressive retention rate of 90%.