Quick Facts

Get to know SPARTA (Specialty Program and Risk Transfer Alternatives)

History. SPARTA was formed with private equity capital in March 2007 as an underwriting company specializing in unbundled Alternative Risk Transfer ("ART") and Specialty programs for the commercial property and casualty insurance market in the United States. SPARTA’s headquarters is in Hartford, Connecticut.

Mission. SPARTA’s Mission is to provide the unbundled program market a long-term solution for ART and Specialty programs characterized by expertise, innovation and service that adds value to our customers’ business.

Structures. SPARTA’s programs are underwritten in ART structures providing program-level risk sharing through captive reinsurance, and Specialty structures providing full risk assumption by SPARTA with program-level risk sharing by sliding scale compensation.

Platform. SPARTA underwrites through its three wholly-owned insurance companies:

• SPARTA Insurance Company is an admitted carrier in all 50 states (and District of Columbia).  SPARTA Insurance Company is broadly licensed, providing Commercial Automobile (including Physical Damage), Garage, Truckers, Commercial General Liability, Commercial Property (including Package), Businessowners, Crime, Glass, Inland Marine, Equipment Breakdown, Workers Compensation and Umbrella.
• SPARTA American Insurance Company is an admitted carrier, providing Workers Compensation coverage to preferred California risks.
• SPARTA Specialty Insurance Company is a non-admitted company (admitted in Connecticut) currently eligible in most jurisdictions.  Please click here for the list of eligible states. 

SPARTA’s policies are administered through its state of the art, Web-enabled, .Net policy administration system, specifically designed and enhanced to support program business.

Underwriting Classes.

• Retail/Wholesale
• Service
• Light Manufacturing
• Hospitality: hotel/motel, restaurant
• Habitation: apartment managers, condos
• Light-Medium Trade Contractors: electrical, mechanical, commercial
• Transportation/Distribution: small/medium fleets, short/intermediate radius, general commodity hauling
• Misc Professional Liability

Ratings. SPARTA is A.M. Best rated A- (Excellent). The company’s Financial Size Category is
Class IX ($250 million to $500 million in policyholders’ surplus).

Program Contacts.
Philip R. Cameron (pcameron@spartainsurance.com) – Chief Marketing Officer (860) 760-4010
Gib Brady (gbrady@spartainsurance.com) – Vice President, Marketing (860) 760-4029

Principal Place of Business. CityPlace II, 185 Asylum Street, Hartford, Connecticut 06103

State of Domicile

• SPARTA Insurance Company (NAIC # 20613) (CA Certificate of Authority 08755): Connecticut
• SPARTA Specialty Insurance Company (NAIC # 13815): Connecticut
• SPARTA American Insurance Company (NAIC # 10079) (CA Certificate of Authority 08895): California