Recently Bound Risks

July 21, 2017

As we approach our one-year anniversary and over $1M in written premium, we wanted to give you a snapshot at some of our recently bound accounts.


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Six Months In - The Story so far...

February 8, 2017

With six months under our belt, here's a snapshot of what's been happening at Founders Specialty with our admitted lawyers professional liability insurance program.

 

- Great response from the marketplace to our innovative rewards program

- Filings approved in 19 States

- Filings pending in 4 additional States

- Over 1,200 submissions have been received

- The program has gained close to 100 new clients

- Lots of success writing small law firms

- Lots of success writing RDI and part-time law firms

 

This program has proven to be a good option for law firms with 1 to 5 attorneys that are facing a contracting marketplace.

Approved States: AL, CO, CT, DC, DE, GA, IL, IN, IA, KY, ME, MI, MS, NV, OH, PA, SC, TN & TX

Pending States: CA, MD, MA, MN

 

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New Managing General Agency, Founders Specialty, Launched by Industry Veterans

August 3, 2016

TAMPA, FL, August 3, 2016 –  National wholesale insurance broker, Founders Professional, is pleased to announce the opening of a new managing general agency, Founders SpecialtyFounders Specialty will develop market leading products primarily in the professional liability space with key insurance partners.  Founders Specialty will be led by industry veteran, Stephen S. van Wert, who has seventeen years of experience in running large national professional liability programs for large publicly traded insurance brokers.  In this new role, van Wert will help spearhead the development and growth of additional programs under the Founders Specialty banner.

The first program being launched is an admitted lawyers professional liability insurance program for law firms with 1-20 attorneys.  The new program will be underwritten by an established global specialty insurer, with a strong national presence in the hard-to-place and excess lawyers professional liability market. 

The new lawyers program is currently authorized to place coverage for law firms in the states of Alabama, Colorado, Delaware, Georgia, Indiana, Iowa, Kentucky, Michigan, Mississippi, Nevada, Pennsylvania, South Carolina, and Tennessee.  It is expected to have filings approved shortly in the states of California, Connecticut, District of Columbia, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Hampshire, Ohio, Texas and Vermont.  The program, which will be automatically available to agents currently working with Founders Professional, will also be open to new agents on a select basis.

Robb Williams, President of Founders Professional, commented: “We are ecstatic to launch this new company and have it led by such a well-seasoned industry specialist like Stephen. Stephen’s proven track record of successfully running several programs will be an invaluable asset to our retail agents and the entire Founders team as we continue to focus on providing high quality service and solutions to our partners. We are currently working on numerous other exciting initiatives, and we look forward to identifying and adding more talented people to our organization nationwide.”   

Stephen van Wert, President of Founders Specialty, commented: “I’m very excited to join and lead Founders Specialty.  It will be a great complement to the existing wholesale operations of Founders Professional , and provide another important platform for continued growth of the Founders organization overall. The policy that Founders Specialty has developed contains an innovative rewards program that is a “first of its kind” in the industry.”

If you are an agent interested in representing Founders Specialty, please contact Aaron Lipson at 312.219.6589 or via email at aaron@founderspro.com

About Founders Specialty

Founders Specialty is a Tampa, Florida based managing general agency (MGA) focused on the placement and administration of professional liability insurance programs nationwide. All submission should be sent directly to lpl.submissions@foundersspecialty.com.   

 

If you would like more information about this topic, please contact Aaron Lipson at 312.219.6589 or email at aaron@founderspro.com.

 

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