Consolidated Insurance Agents, a network of independent insurance agencies in New Jersey, is changing its name to ANE, Agency Network Exchange. It also unveiled a plan to add resources and staff to expand its network of more than 40 independent insurance agencies into Pennsylvania and other mid-Atlantic states.
“ANE is building on our mission to help member agents by expanding into new regions, starting with Pennsylvania, and adding exclusive programs and services that help members attract more clients and grow their agencies with truly organic new business,” said John Tiene, chief executive officer of ANE.
ANE said it will add two staff positions, with one focusing on agency recruitment in Pennsylvania and another providing support to new agencies in Pennsylvania and New Jersey.
ANE is also rolling out new member programs and services, including: payroll services from Balance Point Payroll; a new online portal; a new workers’ comp program for artisan contractors in New Jersey from Stonewood National Insurance Co.; and a commercial general liability excess & surplus lines program from AmTrust.
ANE said it has grown from seven members in 2009 to a network of more than 40 independent insurance agencies with over $350 million in controlled premiums.
ANE said that for membership fees, it requires “a modest administration fee” from each of its members. It says its business model is flexible, offering members various levels of involvement, depending on each agency’s needs, and commission splits vary depending on the specific needs of each member. ANE said its business model pools premiums, giving members more influence with carriers.