Arrowhead General Insurance Agency Inc. announced the launch of a new wholesale brokerage division designed to provide retail insurance producers with a solution for their hard-to-place commercial risks.
“We have created a new division to round out Arrowhead’s existing portfolio of commercial lines products and to help producers find a market for their difficult risks,” said Meg Bratz, president of the new Arrowhead Wholesale Brokerage division.
Arrowhead’s wholesale brokerage has developed relationships with more than 20 “A” rated insurance carriers to offer coverage for difficult property, casualty, commercial auto, professional liability, directors and officers, and umbrella/excess risks. The new unit will initially operate in California, Arizona, Nevada, Oregon and Washington.
“Arrowhead identified a marketplace need for a full-service wholesale brokerage capability and began negotiating contracts with carriers over the summer,” Bratz said.
“The events of September 11 further heightened the need for a facility like ours by accelerating the hardening market. Carriers are tightening their stance on both coverage and rate, and we are seeing more restrictive underwriting contracts. In this environment, more and more agents are turning to the surplus lines market,” Bratz continued. “We are excited to provide them a brokerage facility that is fast, accurate, professional, and easy to work with.”
Retail producers in need of a wholesale broker for their tough risks should call 800.226.7650 to access the Arrowhead Wholesale Brokerage division.
Arrowhead Wholesale Brokerage is a division of Arrowhead General Insurance Agency Inc., which at $450 million in annual premium writings, is one of the nation’s largest privately held general insurance agencies. The wholesale brokerage division complements the commercial insurance products offered through Arrowhead’s existing binding facilities, which include artisan contractors, general contractors, commercial auto, workers compensation, DIC, D&O and public entity insurance.
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