A brand new agent-owned “alliance” intends to unite impartial insurance coverage companies throughout the Southeast.
Fortified is ready to launch in January, with 54 impartial companies throughout Alabama, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee on board. Collectively, they symbolize over 225,000 purchasers and place over $2.6 billion in premium.
Joe Craven, Fortified CEO, was appointed to guide the group earlier this month. Craven has beforehand labored with Vacationers and was principally lately at Grange Insurance coverage, based on a Fortified press launch.
Craven has beforehand labored intently with impartial companies, Fortified stated, and it was his “familiarity with impartial companies and their struggles” that boosted his appointment.
“Impartial companies are the inspiration of our business. They’re small companies that work laborious to supply the most effective protection doable for his or her purchasers, however sadly being a ‘small’ enterprise could make it more durable to develop partnerships with carriers,” Craven stated.
Impartial brokers proceed to put the vast majority of property and casualty enterprise, Fortified stated, with proportion development throughout nearly all strains of protection over the previous 5 years.
“Impartial companies exist to serve their purchasers,” stated Lou Moran, III, proprietor of Inter-Company Insurance coverage Companies and Fortified founding associate.
“We construct belief by making certain they’ve the protection they want. Which in flip means they arrive again after they want extra, and they’re constantly recommending us to these in the hunt for protection.”