Cimarron Insurance Company

What Cimarron Insurance Company does

Cimarron Insurance Company, Inc. is a private property and casualty insurer founded in 1948 and headquartered in Charlotte, North Carolina. The company operates as a Participating Program Insurer, accepting a standardized 20% quota share risk position on each insurance program administered by Managing General Agents (MGAs) and program administrators. Core products span workers compensation, personal and commercial auto, general liability, homeowners, inland marine, excess liability, commercial habitational, and pet insurance. The carrier holds a Demotech A Exceptional Financial Stability Rating and manages to a Risk Based Capital Score of 711%, with admitted licensing across 33 states plus the District of Columbia.

Cimarron functions as a B2B infrastructure provider rather than a direct-to-consumer insurer. Distribution to end customers flows through MGAs, program administrators, and licensed insurance agents and brokers, with the wholly-owned subsidiary Cimarron Brokerage Company serving as the sole access point for agents wanting to offer Cimarron products. Cimarron Brokerage, which is also a general agency for more than ten other insurance carriers, is licensed in all 50 states. The company provides program partners with admitted paper, reinsurance support, claims management, actuarial resources, financial modeling/feasibility expertise, and a web-based system for tracking claims, managing risk, and reducing costs. Underlying technology infrastructure is hosted and operated by third-party providers Brentwood and CHSI Technologies.

Cimarron generates revenue through insurance premiums retained on the 20% quota share, program administration fees for underwriting oversight and operational support, and brokerage commissions earned by Cimarron Brokerage on policies placed through its agent network. Program onboarding requires a minimum of $10 million of annualized premium and is restricted to programs the company considers well-managed, properly priced, re-insurable, and financially aligned with Cimarron and its reinsurance partners. The company is a member of the American Property Casualty Insurance Association (APCIA).

Name

Cimarron Insurance Company

Legal name

Cimarron Insurance Company

Website

https://cimarronins.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

1–10 employees

Short description

Cimarron Insurance Company is a private participating P&C program insurer, founded 1948 and based in Charlotte, NC, that takes a 20% quota share on programs administered by MGAs across 33 states plus DC, distributing products via its wholly-owned Cimarron Brokerage agency licensed in all 50 states.

Ownership category

akta.pro rank

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Insurance Premium Revenue: Cimarron generates revenue through insurance premiums collected on property and casualty insurance policies including workers compensation, general liability, commercial property, rental property, miscellaneous casualty coverages, and non-standard private passenger auto liability. The company accepts a 20% quota share risk position on each program while providing program administration services.
2. Insurance Brokerage Services: Cimarron Brokerage Company operates as a general agency for Cimarron Insurance Company and more than 10 other insurance companies, generating revenue through brokerage commissions on insurance products sold through their agent network.
3. Program Administration Fees: Revenue from providing Participating Program Insurer services including underwriting oversight, claims management, reinsurance coordination, actuarial resources, and technology support to managing general agents and program administrators.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Cimarron Insurance Company operates as a Participating Program Insurer in the property and casualty insurance market. The company underwrites admitted P&C insurance products (including workers compensation, personal auto, commercial auto, general liability, homeowners, inland marine, excess liability, commercial habitational, and pet insurance) and partners with managing general agents, program administrators, and brokers by accepting a 20% quota share risk position on each program while providing underwriting, claims management, reinsurance, actuarial, and technology support.

Product overview

Cimarron Insurance Company operates as a Participating Program Administration Insurer offering a unified platform for property and casualty insurance products. The company provides core insurance offerings including Workers Compensation, Personal Auto, Commercial Auto, General Liability, Homeowners, Inland Marine, Excess Liability, Commercial Habitational, and Pet Insurance. These products are delivered through Cimarron Brokerage, the company's general agency subsidiary, which serves as the exclusive access point for licensed insurance agents and brokers across all 50 states. Cimarron also supports program partners including Mile Auto, Kanguro, Lumenselect, TIE Experts, and Diesel through its platform. The company offers reinsurance affiliations, third-party administrator affiliations, claims analysis, actuarial resources, and financial modeling/feasibility services to its program partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Participating Program Insurer Services Program insurer solutions providing admitted paper, financial strength, underwriting oversight, claims management, reinsurance, actuarial, and technology support to MGAs and program administrators that bring property and casualty programs to market.
• Workers Compensation Insurance Admitted workers compensation insurance coverage for employers, delivered through licensed agents and brokers via Cimarron Brokerage Company.
• Personal Auto Insurance Personal automobile insurance coverage, including non-standard private passenger auto liability, distributed via program partners and licensed agents.
• Commercial Auto Insurance Commercial automobile insurance coverage offered to businesses through Cimarron's program administration platform.
• General Liability Insurance

Quantifiable outcome

• Demotech A Exceptional Financial Stability Rating
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• American Property Casualty Insurance Association (APCIA)minorOthersCimarron is a proud member of APCIA, the leading industry voice that advances private competitive insurance markets to protect consumers, businesses, and communities. Membership provides industry networking and advocacy benefits.
• Mile AutocoreStrategic or Co-development PartnerProgram partner offering personal auto insurance products through Cimarron's admitted paper and program administration services. Represents one of Cimarron's active programs in the personal auto line of business.
• KangurocoreStrategic or Co-development PartnerProgram partner offering pet insurance products through Cimarron's insurance platform. Part of Cimarron's diverse program portfolio across multiple lines of business.
• DieselcoreStrategic or Co-development PartnerProgram partner in the insurance sector operating under Cimarron's program administration framework.
• LumenSelectcoreStrategic or Co-development PartnerProgram partner in the insurance sector utilizing Cimarron's admitted insurance capabilities and operational support.
• TIE ExpertscoreStrategic or Co-development PartnerTechnology integration partner providing expertise supporting Cimarron's program administration technology ecosystem.
• Cimarron Brokerage CompanycoreStrategic or Co-development PartnerAffiliate general agency that is the only access point for all properly licensed insurance agents and brokers wanting to offer Cimarron Insurance Company products. Licensed in all 50 states and represents products from Cimarron and more than 10 other insurance companies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cimarron-insurance-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cimarron Insurance Company