Alea Auto Insurance Review

Alea Auto insurance no longer sells auto insurance products. If you're looking for auto insurance, be our guest and request free quotes below with our rate comparison tool.

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Company Details

Address:

5 Batterson Park Road

City:
Farmington
State:
Connecticut
ZIP Code:
06032
Phone Number:
+1 860 773 3438
Year Founded
2001
AM Best Rating:
Company Rating 0 (0 reviews)

Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates...

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Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance...

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Reviewed byDaniel Walker
Licensed Insurance Agenthttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/aiorg-live/d98a9f52-daniel-walker.png

UPDATED: Apr 27, 2020

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Things to Remember...

  • Alea Group used to be a global provider of primary insurance and reinsurance contracts
  • Alea decided to stop writing property and casualty policies after 2005
  • The company continues to sell strategic operating businesses to raise capital
  • However, Alea Group Holdings isn’t currently writing new auto insurance policies

This Alea Auto Insurance Company Review explores Alea Group Holdings of Bermuda Ltd.

The company is controlled by Fortress Investment Group of in New York and is headquartered in Bermuda.

Alea was formerly a global provider of primary insurance and reinsurance contracts.

In 2005, Alea faced catastrophic property damage claims in the aftermath of Hurricanes Rita and Katrina in the United States. European floods in the same year stressed the company’s ability to bounce back.

If you’re considering a new auto insurance carrier, identifying attractive auto insurance quotes is easy. Type your zip code on this page to request auto insurance quotes to save you money!

Alea Auto Insurance Company Management

Alea Group Holdings of Bermuda Limited is managed by experienced primary insurance and reinsurance personnel.

The management team has previous experience in claims management, liability and commutations, and insurance-reinsurance businesses.

The company employed approximately 100 people at fiscal year-end 2010.

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Alea Auto Insurance Company Competitive Markets

Alea Group Holdings of Bermuda Ltd. formerly competed against several other large international insurance companies, including Aviva plc of the United Kingdom and Allianz of Germany.

Alea Group Holdings isn’t writing new property & casualty insurance and thus isn’t competing against any other insurance company in 2011.

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References:

  1. http://www.aleagroup.com
  2. http://www.aleagroup.com/
  3. http://www.catalinare.com/
  4. http://www.mississippiriverdelta.org/discover-the-delta/what-went-wrong/hurricanes-katrina-and-rita/
  5. http://www.iii.org/issue-update/reinsurance
  6. http://www.investopedia.com/university/insurance/insurance3.asp


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