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Friday, June 21, 2024
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NFP launches new model for specialty program enterprise




NFP launches new model for specialty program enterprise | Insurance coverage Enterprise America















New model contains 17 applications representing $750 million in GWP

NFP launches new brand for specialty program business


Insurance coverage Information

By
Ryan Smith

Property-casualty dealer NFP has introduced the launch of a brand new model for its speciality program enterprise.

Known as Totalis Program Underwriters, the brand new model will consolidate NFP’s specialty underwriters into one built-in platform, the corporate stated. Totalis will supply area of interest specialty underwriting throughout a variety of industries, in addition to offering companies akin to product growth and distribution.

Totalis will embody 17 applications representing $750 million in annual gross written premium, NFP stated. It is going to be led by Todd Gillingham, NFP head of applications.

“We’re proud to introduce the Totalis model to boost the momentum of our specialty program enterprise,” Gillingham stated. “The Totalis model gives flexibility for our program companies to function independently from one another, whereas leveraging shared assets of the broader group. With a rising assortment of extremely regarded companies, Totalis is well-positioned to serve the distinct wants of our distribution and provider companions and insureds.”

Totalis underwriters have experience throughout an array of sectors, together with hospitality and tourism, residential development, healthcare, and transportation, NFP stated.

“The creation of the Totalis model is a vital progress driver for NFP, our companions and the shoppers we serve,” Gillingham stated. “Totalis is a sexy choice for our distribution companions and carriers, in addition to shoppers with complicated or underserved insurance coverage wants. That is an thrilling begin, but it surely’s only the start of what we’ll obtain collectively.”

“Since becoming a member of NFP in 2020, I’ve been impressed with what Tom and the workforce have carried out to develop the MGA enterprise,” stated Stephen Harrell, managing director of Insurance coverage Specialty Group, an NFP-owned enterprise that’s a part of the Totalis platform. “Totalis has excellent companies, a transparent imaginative and prescient and assets to take a position, and I’m wanting ahead to extra optimistic momentum.”

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