StoneRiver, a Cedar Rapids, Iowa, provider of technology and strategic solutions for the insurance industry, reports that Kingsway America Inc., Elk Grove, Ill., has signed a contract to implement StoneRiver PRO Financial solutions across seven U.S. subsidiaries.
Kingsway America Inc. (KAI) is a holding company for the U.S. insurance subsidiaries of Canada-based Kingsway Financial Services. Kingsway America writes specialty personal auto and select commercial auto products through a large network of independent agents. The KAI Group of Cos. includes: American Country Insurance Co., American Service Insurance, Hamilton Risk Management Co., Kingsway America, Mendota Insurance Co., Southern United Fire Insurance and Universal Casualty Co.
A long-time StoneRiver customer, the insurer sought an enterprise-level system to support the build-out of a centralized shared finance department, reports Laurie Stanek, finance transformation program manager of Kingsway America. “We chose StoneRiver because we were already well satisfied with their PTE Financial systems. Their PRO Financial suite met all our needs and we were confident that the project team could meet our aggressive timeline.”
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