SPARTA is an acronym for Specialty Programs and Risk Transfer Alternatives and was formed in March 2007 as a property casualty underwriting company dedicated to providing custom made products and services for the unbundled ART and Specialty program market in the United States. SPARTA is backed by some of the world’s premier financial advisors and is committed to delivering long term sustainability and success for its business partners, production sources and insureds. SPARTA has a broad array of coverages and product capabilities across all standard commercial lines of business and offers program level risk sharing structures through sliding scale and captive reinsurance for programs that typically average between $10 million and $15 million in annual gross written premium.
SPARTA’s exclusive focus on the unbundled program market, breadth of product offering, depth of management expertise and leading edge technology, have positioned it to become the carrier of choice for knowledgeable and experienced distribution and production sources serving the unbundled program marketplace.
SPARTA Insurance Company has an A- (Excellent) rating from A.M. Best, and is a financial category size IX ($250 to $500 million in statutory surplus).
SPARTA is headquartered in Hartford, Connecticut.