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Special Section Sponsored by Target Markets Program Administrators Association Westco Programs Westco Programs was formed as a new distribution division of the Western World Insurance Group in 1997. As a Best’s A+ rated carrier, and for the 13th consecutive year one of the Ward’s Top 50 insurance companies, it is well positioned to provide the long-term consistency and stability that program administrators desire in their carrier partners. The main idea behind the forming of Westco Programs was to cater to the needs of those program administrators who place a high value on personalized attention and program protection. With a low premium volume commitment relative to the overall program marketplace, it is able to give smaller program specialists the ability to compete on a level playing field with much larger competitors. Its ability and willingness to develop customized products and unique coverages based on the needs of specific niche classes allows its partner agents to effectively “brand” their programs within the marketplace. Westco’s target customers are those agents with longevity and demonstrated expertise in specific casualty-driven classes, and who add their own unique value to the distribution process. Taking advantage of its 40-plus years in supporting MGA binding authority business, Westco Programs is positioned to provide program administrators with in-depth support in all areas of program development and ongoing program administration and management. While Westco maintains a high degree of selectivity in the programs it supports, it is open to a wide range of program classes in the following general categories: • Contracted Services All of the programs that it considers are gener-ally suitable for surplus lines distribution and can be written on a national, regional, and state-specific basis. Over the past decade the Westco underwriting staff has designed tailored solutions for a growing number of unique programs. It prides itself on the ability to work with its agent partners to create long-term solutions for their businesses. In order to provide its agent partners with comprehensive service, it recently launched a dedicated claims unit. Its primary function is directing a special focus on the specific needs of each program. Westco, through its affiliation with the Target Markets Program Administrators Association, welcomes the opportunity to network with specialty agents and to participate in the mutual benefits available to the membership. For more information about Westco Programs, please contact Bill Rinaldi at (201) 847-2871, or visit their Web site at www.westernworld.com. → |
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