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Target Markets Program Administrators Association Program Administrator Thomco Ever since the Thomco organization began a concerted effort nearly 20 years ago to focus on niche programs, the company has continually explored new programs and new products—some by acquisition, some via internal development. Seldom have Thomco’s accomplishments along those lines been more pronounced than in 2006. “We’ve added four new national programs to our roster since the beginning of 2006,” notes Greg Thompson, Thomco’s chairman and chief executive officer. Greg joined Thomco in 1979, two years after it was founded by his father, Roy Thompson. Greg has been a TMPAA Board Member since the Association’s 2001 inception, and he becomes president-elect of TMPAA this fall. It is no coincidence that Greg, who was greatly responsible for Thomco’s entrance into the niche program area, would become keenly interested in Target Markets’ programs and goals. Thomco’s new programs tie in closely to many of the health care and other social service-related programs for which Thomco is already well known. One of the two that came on board in February is Home Health And Hospice Choice. It covers companies that provide such services as visiting nurse assistance for varying degrees of car —from handling housekeeping needs to aiding with certain medical attention in the home. Written by Glencoe Insurance Group, this Thomco program is also involved with in-home and residential hospice care for terminally ill patients along with emotional support for their families. Another new health-related program at Thomco is Med Lab Choice, which comes on line this month (September 2006). It insures laboratories that collect patients’ specimens required by physicians for evaluation purposes. In June, Thomco acquired IMC, a Minnesota firm insuring tanning salons, a $15 million industry. The program’s product brand is named Tan Pro, and the program is overseen by Paula Whiteknight, a Thomco vice-president and division manager who operates the regional office Thomco recently opened in Minneapolis. Thomco’s fourth new 2006 program is Fun Pro. It focuses on organizations that arrange special events featuring such attractions as inflatable slides and moonwalks. Fairs, church bazaars, craft shows, one-day children’s birthday extravaganza —and catering and other activities connected with such short-term events— are typical examples of entertainment and hospitality that require this particular niche of specialty insurance. Both Fun Pro and Tan Pro are underwritten for Thomco by Zurich. The four newcomers to the Thomco family of national programs join these other Thomco programs: • Childcare Choice Thompson stresses his desire that producers consider Thomco as more than a single niche market. “Since we are a key market for our target industries,” he says, “producers know that we won’t ‘spin their wheels’ on accounts.” Information about all Thomco programs is available at www.Thomcoins.com. * |
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