Rhino, the security deposit insurance specialist, recently announced agreements with a robust panel of industry-leading insurance carriers and reinsurers, including Ally Insurance, ReAlign, and Clear Blue Insurance Group with the support and guidance of Guy Carpenter’s brokerage and advisory services.
“Despite a challenging environment across the insurance industry, Rhino’s growth continues to be as robust as ever and we’re seeing tremendous support from our partners across the insurance and housing industries due to the stability and resiliency of our product offerings,” said Benjamin Lantos, Co-founder and Chief Risk Officer of Rhino. “Macroeconomic factors are driving renters toward innovative, common-sense solutions, like security deposit insurance. With the backing of our reinsurance partners and brokers, Rhino is poised for continued expansion beyond our partner network of more than six million homes, which will lead to further savings for renters in 2023 and beyond.”
Rhino reached several key milestones earlier this year that demonstrated continued growth and accelerated adoption of its products and services, announcing that its security deposit insurance is offered in a partner network of over six million homes and saved American renters more than $1 billion in upfront move-in costs since 2017. These accomplishments demonstrate the degree to which Rhino is transforming and streamlining the rental experience for both renters and multifamily property owners and operators.
“We’re excited about the opportunity for continued growth in our partnership with Rhino and the ability to showcase new innovations in Clear Blue’s platform,” said Jerome Breslin, Chief Executive Officer of Clear Blue Insurance Group. “Our reinsurance partners are very supportive of the program in large part due to Rhino’s track record of risk management and strong underwriting policies.”
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