Special Section sponsored by TMPAA |
||||||||||||||
Berkley Underwriting Partners, LLC Berkley Underwriting Partners is a leading program management company offering both admitted and nonadmitted insurance support for commercial casualty program administrators with specialized insurance expertise Berkley Underwriting Partners focuses its attention only on program business Berkley Underwriting Partners (BUP) is experienced in providing program management, reinsurance support, and financial resource management to program administrators throughout the nation. By concentrating its efforts toward specific market niches, BUP believes it is well positioned to be a major player with program administrators far into the future. BUP is involved in a wide range of programs and niche categories. Its programs are primarily casualty driven, and it can also offer ancillary property, inland marine, and automobile products. BUP has the expertise and resources to use its financial strength and flexibility for innovation and for successfully evaluating new opportunities. “We have an outstanding staff of professionals who provide quality service to our program administrator associates,” says Steven Strauss, BUP’s vice president of business development. “We have a great ‘back office’ for filings, program management, accounting, and IT that is a key ingredient in helping BUP make a difference within the industry. Our current program administrators are our best references when a new client is considering us. Smaller administrators do not get lost in the shuffle with our organization. We provide quick decision-making backed by rock solid financials. We communicate honestly and openly with our customers. We are committed to program business, that’s all we do, and we will be handling program business for the long haul, through all market cycles.” BUP is a member company of W.R. Berkley Corporation, a leading insurance holding company. BUP underwrites on behalf of two Berkley insurance companies, Gemini Insurance Company (nonadmitted) and StarNet Insurance Company (admitted). Both companies are rated “A+” (Superior) by A.M. Best. “We can entertain a variety of programs from large to small,” stresses Strauss. “The program needs focus and expertise. Profitability is key. Profitability must be sustainable through all cycles. We won’t grow a program simply to meet a premium threshold at the expense of declining profitability. We select our opportunities very carefully. We do not write workers compensation or personal lines programs. Program administrators with true expertise work best for us even if the class of business is a little tougher. Specialization and expertise are necessary ingredients.” As a veteran member of the Target Markets Program Administrators Association (TMPAA), BUP finds that it solidifies current business relationships and encounters new opportunities through its active participation at the TMPAA’s two national meetings each year. “We feel very strongly about Target Markets,” said Strauss. “These meetings are very effective industry gatherings. They are focused toward the very programs and program administrators that we’re looking for.” Additional information about BUP and other details are available on the company’s Web site at www.bupllc.com or from: Steven Strauss
|
|
|||||||||||||
