Special Section sponsored by TMPAA |
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New Empire Group, Ltd./The Umbrella Depot Key programs administered: commercial umbrella programs for the real estate industry New Empire Group, Ltd./The Umbrella Depot is a state-of-the-art program manager specializing in high limit commercial umbrellas for the real estate and hospitality industries. The company is the commercial umbrella resource to insurance brokers and MGAs nationwide. The Umbrella Depot offers several commercial umbrella programs that feature higher limits and lower premiums for a multitude of different exposures. The company provides a combination of exceptional pricing and fast turnaround on quotes/binders to brokers and MGAs on its commercial umbrella programs. Coverage limits range from $5 million, with options for $10 million, $15 million, $25 million, $50 million, and $100 million. The Umbrella Depot administers unique programs that provide umbrella coverage for a variety of real estate risks. Two separate and distinct programs cover: • Cooperatives—condominium associations One program is designed for large and mid-size risks. The other program focuses on small real estate risks and offers low and no minimum premiums for coverage. Other real estate umbrella programs are written for the following classes: • Student housing Robert E. Mackoul, CLU, New Empire’s chief executive officer, and the executive team have rebranded the company to “The Umbrella Depot” and welcome inquiries about the company. “We are umbrella specialists. That’s what we do. We write umbrellas helping brokers and MGAs sell their primary coverages by offering them the solutions they need to be even more competitive in the marketplace. Our programs are written through many of the insurance industry’s most trusted carriers—companies such as Chubb, Navigators, St. Paul Travelers, and Zurich.” The company recently launched its newest programs for the hospitality industry. One program provides high limit umbrellas to hotels, motels, and bed & breakfasts. The other program provides umbrella limits of up to $10 million for white tablecloth and family restaurants. “Our broker and MGA clients know that they can count on our pricing, service, and ability to offer them solutions quickly,” says James O’ Neill, vice president of marketing. “We work very hard to build strong relationships in every agency we do business in, because no matter how technologically savvy we are, people still do business with people and we always remember that. However, to assist our brokers and MGAs even further, we recently developed our Web site to allow brokers to actually rate their risks online. This has proven to be a tremendous asset as it provides brokers with an immediate indication before they even begin our fast underwriting process.” The company management group also includes Deborah K. Mackoul, president and chief financial officer; and Robert G. Mackoul, who is the chief underwriting officer. All the principals worked on the retail agency side for many years. “We know that brokers require quality products and great pricing, but above all else…outstanding service. So we continually aim to satisfy those requirements,” said Robert G. Mackoul, Jr., the underwriting vice president. New Empire Group’s mission statement is always on display: “We strive to build long-term relationships by recommending companies and products with the highest degree of integrity while, at the same time, providing the exceptional service that our clients—the retail brokers & MGAs—expect and deserve.” * New Empire Group, Ltd./The Umbrella Depot
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