Laramar Group Receives Archway Insurance Ltd. Award of Excellence for Risk Control
Laramar Group Receives Archway Insurance Ltd.
Award of Excellence for Risk Control
Denver, CO (September 22, 2016) – The Laramar Group is pleased to announce that they have received the Archway Insurance Ltd. Award of Excellence for Risk Control. This marks the third time in five years that Laramar has been awarded this impressive designation.
“We are very proud to receive this award,” says Marc Jason, Chief Financial Officer at Laramar. “Our entire risk management and field safety teams are a dedicated, professional group of individuals. They are focused on ensuring the safety of our residents while protecting the value of our assets for our owners.”
Laramar is one of 244 members in Archway Insurance, and only the top 10% of companies qualify for this award. The award winners are selected based on criteria which includes lower than industry average loss levels, reduced injury metrics and higher than average inspection scores.
The Laramar Group, founded in 1989 and with corporate headquarters in Chicago and property management headquarters in Denver, is a national real estate investment and management company with more than 600 employees across the U.S. With an established strategy of pursing value-add investments in multi-family real estate on a national basis, The Laramar Group and its predecessor company have invested roughly $3 billion throughout the United States and currently owns and/or manages approximately 15,000 units and over 1M square feet of retail assets. For each of its own investments, The Laramar Group oversees all renovation programs – from concept to construction – and property management. For more information, please visit www.laramargroup.com.
About Archway Insurance Ltd:
Archway is a captive insurer which is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits. The current premium for Archway as of March 1, 2016 is nearly $155 million and current membership now totals over 200 active members which have to qualify financially and follow stringent risk related programs in order to qualify and be retained as members.