Did you have any luck finding a company to assist you in doing the legwork for licensing? I have many contacts in PA with agents and I have developed relationships that will allow me to have them sell my product.
I am in the early stages of buying a shell licensed in PA property casualty. I am looking for any resources you may be able to provide.mit appears you are further along then me.
We are looking for a shell Insurance company in, District of columbia, Texas and florida. And looking for experienced law firm to handle regulatory matter with the state.
Another easier way to do this could be through forming a captive insurance. From risk management to other benefits, captives offer their owners huge advantages they will not be able to get otherwise. Look into forming a captive if your funds will permit that.
I’m looking to start a P&C Insurance Company in PA. We will specialize in offering State Minimum Coverage on the Auto Insurance. My business plan is tailored to take minimum risk while offering competitive premiums with strong Contract Applications. . I have done everything in the insurance business except own the Carrier. I have the office space and man power to get a shell off the ground and running successfully. I have an attorney that specializes in contract law and will work for 5% of company stock. If anyone is interested in discussing a partnership and is further along then I am in the process, please let me know. The break even point for an independent company represented was 65%.
Hi Nick—Wondering more about your plan. I haven’t your experience in the front end of the Insurance industry; more so on the technology/IT side (JCPENNEY LIFE was one of my accounts). We may be able to help each-other. I’m located in California. Perhaps share a conversation or two – email me. Walter.
Hi Walter, right now I have many contacts, most importantly other agents I know that would be willing to sell my product after receiving an A&M Best Rating. There is quite a bit of paperwork that goes into getting approved as a carrier and help is needed there. In PA I believe you need 2 million dollars in surplus to write business. I could set up the sales department, claims department and home office. I would start small and use a formula incorporating funds putting a percentage aside for claims, profits, investments and salaries. I really need help in IT as well once I get set up. I’m looking for a venture capitalist to invest in a shell company that will allow me to get the business off the ground. I would like to start with an auto insurance company specializing in low limits of liability, then property or fire insurance. Then life insurance as life insurance the most profitable line of business for insurance companies. If anyone wants to take me on board as a CEO or other salaried position with stock, I will listen to your offer. With me you get an energetic, intelligent and passionate Insurance Executive that will take any company to profitability. I come from a port family and I’m hungry. I will own a carrier one day soon. Whether I have to start my own or whether I have to work my way up. I certainly bring much to the table and my track record will prove it once we meet and discuss my credentials. Look forward to networking and starting our successful company.
Have you established you surety business? If not I would like to talk to you and see if I can help you grow and we could work something out. I have the contacts and knowledge to get this off the ground. I do not have the capital but I know some investors I could pitch it to if the plan made sense.
Walter what is your email address? I am going to start putting the plan into action. It will take some time but owning an insurance company is an epic opportunity within my grasp. I do need some help though. My thoughts were we bring in a lawyer, IT professional, Insurance man and investors. We can purchase a shell or have a lawyer draw up half the papers and I could do the rest. Either way we would need to put our heads together and start recruiting.
I am planning to set up Title Insurance Underwriter Company in Florida. I need to know all the rules and regulations for registering my company. It will be of great help to me if you could guide me about the formation process of Underwritten Company in Florida and Application for License to act as Underwritten Title Company. Also, I am interested to start Underwritten Company and not Agent or Broker.
We are interested in buying insurance shells in multiple states that include NY and FL. Also we looking for experienced law firm to handle regulatory matter with the states.
I have a lawyer that can help us with paperwork. I’m the guy that knows the property and casualty business. I can raise some funds. The IT guy would be a huge asset. I am starting an insurance company and if you feel like talking my cell is 610-782-1710. Let’s talk and see where we are at. This is something that will require multiple people with different expertise. I am an expert in running a business. I have hundreds of contacts with reputable agents that could sell our auto insurance product. I will do most of the work.mi will do whatever it takes. I have customers on my book of business I could sell insurance to.
Hello Nick I have been wanting to start my own insurance company for quite some time now and would really like to talk to you about the steps I would have to take to get that started. I have no insurance background but have a huge desire to learn what it will take to make my dream become a reality. I have a plan already but would like to talk to someone like yourself to see where my flaws might be in it.
Hello, I am in Utah. Looking for a shell company. Have several years of P&C, and Life & Health experience. Owned 2 successful agencies, both were sold. Through the years I have made several friends who are successful agents, and will be on board to selling our product.
Our business plan is focused first on a product that Utah currently doesn’t have but customers keep asking for it. Low premium, low claims.
If anyone is interested and also knows a shell company with Utah license please send them my way.
Have you purchased your shell company with the Utah license yet? If not, I could set one up for you and obtain the license with less time and expense. If I could be of assistance, please reach out –
I am interested in acquiring an insurance company with float, primarily to gain access to funds that can be invested. With good underwriting discipline, can the team here guide me on how I can go about it? Are there insurance companies in receiverships that I can buy? any guidance will be very helpful
Hello Everyone I Would like to start and P/c Insurance in the us or an Life Insurance carrier over seas. Does anyone know of any books,content,or videos i can read or look at to walk me through this process.
We have a presence in Kuala Lumpur Malaysia right in the heart of the fastest developing economies of the region. I am a former investment banker from Australia.
Malaysia, Thailand, Indonesia, Viet Nam, Cambodia, Laos and the Philippines have a very large developing mortgage market. It is an area where traditionally mortgages have very small prospects of default.
Recently though the increase in availability of credit has increased the risk somewhat although nothing like in the west. Asians like to pay of their debts come what may and also like a little cover on the side just in case.
We have ministerial approval to set up what is likely to be a mortgage insurer (engaging in Credit Default Swaps) in the region. The prospects for growth are phenomenal. The opportunity to be a captive player in the market is also very real. 10 year tax holiday on some products and a competition free zone if 4 of the countries mentioned above.
We are looking at an initial US$50,000,000 to leverage the proposition. Not a large amount and could be from 5 to 10 insurers. In at least one country we will be underwriting public servants with government mortgages.
If interested contact me by email first for a brief discussion on the opportunity.
Takaful? You should drop us a line. We are small but dynamic and have a strong presence in Indonesia and Malaysia through a network which can be expanded to include MENA (Middle East North African) countries.
Drop us a line with contact details for further discussion
Working with baseline and planning in forming a P&C insurance company in New York. Looking for interested experts and partners in the field to come and be part of it. Need to work with regulators and reinsurers if anyone has any idea where to start from? Please shoot an email.
We are interested in buying insurance shells in NY. (car insurance).
We would like to get more information about insurance regulatory, the coast, How much surplus should be…
In NY, you probably need at least $5.5 million in capital & surplus; must have experienced management to run the company – novices need not apply,
You will lose money the first three years, due to unique accounting requirements. You can generally write 3 to 1, meaning for every $3 of Premium, you must have at least $1 in surplus – less for some lines such as Work Comp. And you will need add’l funds for operating capital.
You can skip all this and get a fronting carrier to start, and see can run it profitably for the first 3-5 years.
No one should start an Insurance company without experienced management.
Looking for an organization that does the leg work for licnesing in NY, PA and CT. We are a P & C company in NJ and want to expand to other states.
Hi Danielle,
Did you have any luck finding a company to assist you in doing the legwork for licensing? I have many contacts in PA with agents and I have developed relationships that will allow me to have them sell my product.
I am in the early stages of buying a shell licensed in PA property casualty. I am looking for any resources you may be able to provide.mit appears you are further along then me.
Looking for a Insurance Shell for Illinois & Wisconsin and Indiana.Also Law firm to handle regulatory.
Looking for firm to help with regulatory issues to incorporate in Il,Wis,and Indiana.
Looking for Shell company licensed in Florida as also law firm to handle regulatory approvals with the state.
gsd
Looking for a shell or active company with must have Virginia license
We are committed to buying a company that has licenes in several states.
NY must be one of the states. We will be writing surety. We have the capital inhand to purchse the company and finances to satisfy regulators.
Please contact us asap.
Leo
We are looking for a shell Insurance company in, District of columbia, Texas and florida. And looking for experienced law firm to handle regulatory matter with the state.
Another easier way to do this could be through forming a captive insurance. From risk management to other benefits, captives offer their owners huge advantages they will not be able to get otherwise. Look into forming a captive if your funds will permit that.
I’m looking to start a P&C Insurance Company in PA. We will specialize in offering State Minimum Coverage on the Auto Insurance. My business plan is tailored to take minimum risk while offering competitive premiums with strong Contract Applications. . I have done everything in the insurance business except own the Carrier. I have the office space and man power to get a shell off the ground and running successfully. I have an attorney that specializes in contract law and will work for 5% of company stock. If anyone is interested in discussing a partnership and is further along then I am in the process, please let me know. The break even point for an independent company represented was 65%.
Hi Nick—Wondering more about your plan. I haven’t your experience in the front end of the Insurance industry; more so on the technology/IT side (JCPENNEY LIFE was one of my accounts). We may be able to help each-other. I’m located in California. Perhaps share a conversation or two – email me. Walter.
Hi Walter, right now I have many contacts, most importantly other agents I know that would be willing to sell my product after receiving an A&M Best Rating. There is quite a bit of paperwork that goes into getting approved as a carrier and help is needed there. In PA I believe you need 2 million dollars in surplus to write business. I could set up the sales department, claims department and home office. I would start small and use a formula incorporating funds putting a percentage aside for claims, profits, investments and salaries. I really need help in IT as well once I get set up. I’m looking for a venture capitalist to invest in a shell company that will allow me to get the business off the ground. I would like to start with an auto insurance company specializing in low limits of liability, then property or fire insurance. Then life insurance as life insurance the most profitable line of business for insurance companies. If anyone wants to take me on board as a CEO or other salaried position with stock, I will listen to your offer. With me you get an energetic, intelligent and passionate Insurance Executive that will take any company to profitability. I come from a port family and I’m hungry. I will own a carrier one day soon. Whether I have to start my own or whether I have to work my way up. I certainly bring much to the table and my track record will prove it once we meet and discuss my credentials. Look forward to networking and starting our successful company.
Best Regards,
Nick P
Leo,
Have you established you surety business? If not I would like to talk to you and see if I can help you grow and we could work something out. I have the contacts and knowledge to get this off the ground. I do not have the capital but I know some investors I could pitch it to if the plan made sense.
Walter what is your email address? I am going to start putting the plan into action. It will take some time but owning an insurance company is an epic opportunity within my grasp. I do need some help though. My thoughts were we bring in a lawyer, IT professional, Insurance man and investors. We can purchase a shell or have a lawyer draw up half the papers and I could do the rest. Either way we would need to put our heads together and start recruiting.
I have a insurance idea that when I tell my lawyer I don’t trust him. I need an investor I can talk to with security that he/she wont take my idea.
I am wondering where you are up too with this?
I am planning to set up Title Insurance Underwriter Company in Florida. I need to know all the rules and regulations for registering my company. It will be of great help to me if you could guide me about the formation process of Underwritten Company in Florida and Application for License to act as Underwritten Title Company. Also, I am interested to start Underwritten Company and not Agent or Broker.
We are interested in buying insurance shells in multiple states that include NY and FL. Also we looking for experienced law firm to handle regulatory matter with the states.
Looking to find a shell with a Texas license for casualty underwriting
I have a lawyer that can help us with paperwork. I’m the guy that knows the property and casualty business. I can raise some funds. The IT guy would be a huge asset. I am starting an insurance company and if you feel like talking my cell is 610-782-1710. Let’s talk and see where we are at. This is something that will require multiple people with different expertise. I am an expert in running a business. I have hundreds of contacts with reputable agents that could sell our auto insurance product. I will do most of the work.mi will do whatever it takes. I have customers on my book of business I could sell insurance to.
Hello Nick I have been wanting to start my own insurance company for quite some time now and would really like to talk to you about the steps I would have to take to get that started. I have no insurance background but have a huge desire to learn what it will take to make my dream become a reality. I have a plan already but would like to talk to someone like yourself to see where my flaws might be in it.
Hi LG, did you start your company?
we can talk and see how e can run it togethr here
The information here is helpful. IT has assisted me so much
Hello, I am in Utah. Looking for a shell company. Have several years of P&C, and Life & Health experience. Owned 2 successful agencies, both were sold. Through the years I have made several friends who are successful agents, and will be on board to selling our product.
Our business plan is focused first on a product that Utah currently doesn’t have but customers keep asking for it. Low premium, low claims.
If anyone is interested and also knows a shell company with Utah license please send them my way.
Hi MG,
Have you purchased your shell company with the Utah license yet? If not, I could set one up for you and obtain the license with less time and expense. If I could be of assistance, please reach out –
I am not sure i my reply post it. but i need your contact info Jodi to setup shell company. reply
Hi Jodi,
I am interested in assistance with licensing in Utah. Please contact me.
I am interested in acquiring an insurance company with float, primarily to gain access to funds that can be invested. With good underwriting discipline, can the team here guide me on how I can go about it? Are there insurance companies in receiverships that I can buy? any guidance will be very helpful
CK – did you ever receive help with this? We are in the same situation and are looking to acquire an insurance company as well.
Hello Everyone I Would like to start and P/c Insurance in the us or an Life Insurance carrier over seas. Does anyone know of any books,content,or videos i can read or look at to walk me through this process.
Thanks
I have a one in a million insurance idea, what would I need from an investor to start it?
We have a presence in Kuala Lumpur Malaysia right in the heart of the fastest developing economies of the region. I am a former investment banker from Australia.
Malaysia, Thailand, Indonesia, Viet Nam, Cambodia, Laos and the Philippines have a very large developing mortgage market. It is an area where traditionally mortgages have very small prospects of default.
Recently though the increase in availability of credit has increased the risk somewhat although nothing like in the west. Asians like to pay of their debts come what may and also like a little cover on the side just in case.
We have ministerial approval to set up what is likely to be a mortgage insurer (engaging in Credit Default Swaps) in the region. The prospects for growth are phenomenal. The opportunity to be a captive player in the market is also very real. 10 year tax holiday on some products and a competition free zone if 4 of the countries mentioned above.
We are looking at an initial US$50,000,000 to leverage the proposition. Not a large amount and could be from 5 to 10 insurers. In at least one country we will be underwriting public servants with government mortgages.
If interested contact me by email first for a brief discussion on the opportunity.
D Kallenbach
What is your email?
I am interested in your venture.
Kindly forward your response and proposition with contact details to my email address as given below.
stellenboschrand@gmail.com
David Kallenbach
I’m wondering if you be able to help us setting insaurence company in order to operate within a framework of Islamic financing.
Thanking you.w
Takaful? You should drop us a line. We are small but dynamic and have a strong presence in Indonesia and Malaysia through a network which can be expanded to include MENA (Middle East North African) countries.
Drop us a line with contact details for further discussion
David Kallenbach
Working with baseline and planning in forming a P&C insurance company in New York. Looking for interested experts and partners in the field to come and be part of it. Need to work with regulators and reinsurers if anyone has any idea where to start from? Please shoot an email.
Hi
My Name is Themba Mafuya i would like to get more information about insurance or brokers
Thank You
Your regards
Themba Mafuya
Director
Youth Organising Unity (Pty)Ltd
0730342176
youthorganisingunitycompany@gmail.com
Hi Themba Mafuya,
I would love to answer some of your questions feel free to contact me at jamie.miller@ibsallc.com
Thanks
We are interested in buying insurance shells in NY. (car insurance).
We would like to get more information about insurance regulatory, the coast, How much surplus should be…
In NY, you probably need at least $5.5 million in capital & surplus; must have experienced management to run the company – novices need not apply,
You will lose money the first three years, due to unique accounting requirements. You can generally write 3 to 1, meaning for every $3 of Premium, you must have at least $1 in surplus – less for some lines such as Work Comp. And you will need add’l funds for operating capital.
You can skip all this and get a fronting carrier to start, and see can run it profitably for the first 3-5 years.
No one should start an Insurance company without experienced management.
Dave Haley, excellent advise. It sounds to this old salt you are experienced management looking for an opportunity.
CJD, IV
We are MGA in Texas.
I am interested in acquiring shell insurance company in Texas.
Please advise the steps.
Thank you.
Milton