TAMPA, FL, August 3, 2016 – National wholesale insurance broker, Founders Professional, is pleased to announce the opening of a new managing general agency, Founders Specialty. Founders 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.