Fred finally brokered a deal. First one in history. He found someone who would buy a bridge underwater. Always sell in a soft market–thats how you get the best price. Someone tell me what was bought? Please. A thousand policies each with a $1,000 premium?
They bought a lot- and we got a lot ! – they got far more than 1000 policies and our average is well over $5K per policy- My personal book of business is over $4mm- so I guess I do broker more than 1 deal-
Even though it is a soft market- our volume is higher – given that specialty Lines climates- buyers buy MORE in a soft market by taking advantage of Declining premiums- they buy more capacity-
As for the Merger itself- given how well we are growing in the Region, we expect to grow immensely without sacrificing service now that we will have 7 more offices Nationwide- and our Technology Platforms are second to none-
Try us our Henry- you will be immensely surprised- and compare our coverage knowledge against anyone- There a lot of policies being sold by “amateurs” out there that don’t’ realize that non-conforming policy language is creating gaps in coverage- a mistake we don’t make (especially since many Underwriters continue to tell me I’m the only one asking for the correcting endorsement)
Just returned from medical leave courtesy of City of Hope-catching up on news articles.
Henry, even if meant tongue-in-cheek, I don’t think that was a professional comment. If I didn’t know ELM or Fred, after reading your comments, I would never think of sending a submission to them. Fortunately, for many years E.L.M. and its various brokers have come through for me when others couldn’t.
Maybe it is you that has the problem-applicants that can only afford $1,000 premiums.
Hope I’m never in a position where you would be covering my back.
Fred you know who I am don’t play that game. I have been around as well just like you and yes I don’t buy into all the hoopla that is late night drinking sessions with other wholesalers, mainly because they don’t prefer to socialize with the balding, fat, navy blue pinstripe suit wearing monster who takes their accounts away, but all in good fun. They get some from me too. I know who they are and they know me, but I got friends out there just like you do. I read your thread right, $4M in biz, yes I understand that’s impressive, and yes my PERSONAL book was $18M on close to 150 accounts so do the math. I am not getting into a pissing contest but I was always taught that wholesalers are there to “bag the elephants” and repeatedely not “master the mundane” by writing the same “Can of Corn” accounts day after day that you seem to brag to people you have written. People think of me as a mover and shaker but I don’t tell people I am.
You started this war and now I am ending it, got a $140M DIC schedule to work on. See you at the bar amigo.
I have to completely agree with Jack. That was very unprofessional Fred. $4M in business, what are you smoking I had a book at close to $18M and started my own brokerage at the ripe old age of 27, and trust me I have taken many accounts from your agency. You shouldn’t toot your own horn because someone out there may have one that is LARGER and LOUDER and it’s usually the ones you least expect. We are all in this industry trying to help one another, we all have our strengths and weaknesses. Fred you have made a good living in this industry for a long time and I do respect you please don’t try to be something your not… a phenom.
Congratulations on recently being gobbled up by a mediocre sized pac-man.
Intersting comments- I htrin you mis-read the thread- my company had a book bigger than $20MM- My personal portion is $4MM- WE HAVE TO BE DOING SOMETHING RIGHT- but who are you- I can’t seem to find a license in your name- perhaps a pundit – like so many
Fred finally brokered a deal. First one in history. He found someone who would buy a bridge underwater. Always sell in a soft market–thats how you get the best price. Someone tell me what was bought? Please. A thousand policies each with a $1,000 premium?
These 2 Organizations are the bset at what they do- this is a WOW!- tThey are going to get all of my business-
They bought a lot- and we got a lot ! – they got far more than 1000 policies and our average is well over $5K per policy- My personal book of business is over $4mm- so I guess I do broker more than 1 deal-
Even though it is a soft market- our volume is higher – given that specialty Lines climates- buyers buy MORE in a soft market by taking advantage of Declining premiums- they buy more capacity-
As for the Merger itself- given how well we are growing in the Region, we expect to grow immensely without sacrificing service now that we will have 7 more offices Nationwide- and our Technology Platforms are second to none-
Try us our Henry- you will be immensely surprised- and compare our coverage knowledge against anyone- There a lot of policies being sold by “amateurs” out there that don’t’ realize that non-conforming policy language is creating gaps in coverage- a mistake we don’t make (especially since many Underwriters continue to tell me I’m the only one asking for the correcting endorsement)
Regards
Fred Fisher
President ELM
Soon to be VP- ISG
Just returned from medical leave courtesy of City of Hope-catching up on news articles.
Henry, even if meant tongue-in-cheek, I don’t think that was a professional comment. If I didn’t know ELM or Fred, after reading your comments, I would never think of sending a submission to them. Fortunately, for many years E.L.M. and its various brokers have come through for me when others couldn’t.
Maybe it is you that has the problem-applicants that can only afford $1,000 premiums.
Hope I’m never in a position where you would be covering my back.
Fred you know who I am don’t play that game. I have been around as well just like you and yes I don’t buy into all the hoopla that is late night drinking sessions with other wholesalers, mainly because they don’t prefer to socialize with the balding, fat, navy blue pinstripe suit wearing monster who takes their accounts away, but all in good fun. They get some from me too. I know who they are and they know me, but I got friends out there just like you do. I read your thread right, $4M in biz, yes I understand that’s impressive, and yes my PERSONAL book was $18M on close to 150 accounts so do the math. I am not getting into a pissing contest but I was always taught that wholesalers are there to “bag the elephants” and repeatedely not “master the mundane” by writing the same “Can of Corn” accounts day after day that you seem to brag to people you have written. People think of me as a mover and shaker but I don’t tell people I am.
You started this war and now I am ending it, got a $140M DIC schedule to work on. See you at the bar amigo.
I have to completely agree with Jack. That was very unprofessional Fred. $4M in business, what are you smoking I had a book at close to $18M and started my own brokerage at the ripe old age of 27, and trust me I have taken many accounts from your agency. You shouldn’t toot your own horn because someone out there may have one that is LARGER and LOUDER and it’s usually the ones you least expect. We are all in this industry trying to help one another, we all have our strengths and weaknesses. Fred you have made a good living in this industry for a long time and I do respect you please don’t try to be something your not… a phenom.
Congratulations on recently being gobbled up by a mediocre sized pac-man.
Intersting comments- I htrin you mis-read the thread- my company had a book bigger than $20MM- My personal portion is $4MM- WE HAVE TO BE DOING SOMETHING RIGHT- but who are you- I can’t seem to find a license in your name- perhaps a pundit – like so many