Specialized Insurance Underwriter Launches Partnership with A++ Carrier Partner
Chicago, IL, March 2, 2018 — Effective immediately, Promont Insurance Advisors will offer competitive renewal and new business quotations for Allied Health and Churches & Schools programs with their new A++ Carrier Partner. The partnership will provide coverage through one of the most financially secure insurance companies and is an important part of Promont’s commitment to professional and proficient customer service. The new partnership offers similar rates and coverages, and, in many cases, includes expanded product offerings.
ProPoint Claims, Promont’s wholly-owned Claims Third Party Administrator, will continue handling claims for Promont’s Allied Health and Churches & Schools Programs, enabling Promont’s insureds to continue receiving Promont’s industry-leading claims service. The new partner is a non-admitted insurance company with an A+ XV rating by AM Best. Products will remain offered on an open brokerage basis through licensed retail and wholesale insurance brokerages.
“This partnership is another exciting piece of our strategic commitment to providing insureds with the best possible coverage and care,” stated Jeff Longbons, President of Promont Insurance Advisors. “A critical element to the partnership is our ability to expand the product offerings of two very important pieces of Promont’s portfolio: Allied Health and Church & Schools Programs. In addition to possessing financial stability, our new partner is a stalwart player in the Managing General Agency and Program Administration space. They understand how to help PROMONT continue to improve our industry-leading response time and service levels.”
Promont Insurance Advisors is a Chicago-based, industry-leading, specialized underwriting organization with a focus on Home Healthcare providers and non-standard Churches. Promont accepts business on an open brokerage basis from retail and wholesale insurance brokerages for risk within the United States and it territories and is a member company of Fort Wayne, IN-based DOXA Insurance Holdings, LLC.
Promont Advisors and ProPoint Claims Services join DOXA Insurance Holdings
Fort Wayne, Indiana, May 12, 2017 – DOXA INSURANCE HOLDINGS, LLC., an Indiana based private equity fund focused on purchasing Managing General Agents nationwide, is pleased to announce the acquisition of Promont Advisors and ProPoint Claims Services. Chicago-based Promont and Propoint specialize in providing insurance and claims administration for difficult classifications of business in the allied health space, along with hard-to-place religious institutions, hotels, motels, apartment complexes, and professional liability. Both organizations are recognized for their in-depth general liability and property underwriting expertise for the businesses they insure. Promont has underwriting authority on behalf of several “A” rated or better insurance companies.
“A partnership with DOXA means ensuring the future of Promont without sacrificing quality of service,” stated Jeffrey Longbons, President of Promont Advisors. “With DOXA, we’ll be able to provide more options to our clients. The team at DOXA worked with us to meet our objectives without compromising staff, services, or Promont’s reputation for excellence. We look forward to the progress we’ll make with DOXA on our side.”
“Promont impressed us with their outstanding team and great operation,” stated Matt Sackett, President and CEO of DOXA. “We’re excited to partner with them, and we see their organization forming a solid foundation for the growing DOXA portfolio.”
Promont will operate and market as Promont Insurance Advisors with its brand approach aligning with overall DOXA Insurance strategies. More information about Promont Insurance Advisors is available at www.promontadvisors.com.
Tim Wiggins Joins New MGA-Focused Holding Company as Chief Operating Officer and Managing Partner
Fort Wayne, Indiana, June 6, 2016 — DOXA Insurance Holdings, LLC (DOXA), a Midwest-based, MGA-focused holding company launched in April 2016, announced Timothy Wiggins as Chief Operating Officer and Managing Partner. Mr. Wiggins brings nearly 22 years of insurance-oriented IT and operations experience into the DOXA organization, having held the positions of VP of Operations & CIO at The Medical Protective Company (Berkshire Hathaway), several IT leadership roles with GE Insurance, and various consulting roles with EDS Insurance (now HP Enterprise Services). By design, DOXA partners with and acquires managing general agents (MGAs) that focus on specialty commercial property and casualty niches. The company is based in Fort Wayne, Indiana, and may be reached at (260) 437-0091 or online at www.DOXAInsurance.com
“Tim brings a significant amount of insurance process, technology and carrier experience to our organization,” said Matt Sackett CEO of DOXA Insurance Holdings. “His expertise is good for DOXA, but more importantly, beneficial for our acquired MGAs that often have limited time to invest in identifying, developing, and deploying back room strategies. Tim’s level of experience allows us to effectively fortify our MGA partners by supporting their objectives to increase revenues, leverage best practices, develop cohesive operational strategies, and ease transactional pinch points that support customer satisfaction.”
Specialty Insurance Veteran Introduces New MGA-Focused Holding Company
Fort Wayne, Indiana, April 11, 2016 — A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the formation of DOXA Insurance Holdings, LLC (DOXA). DOXA is a company built to partner with and acquire managing general agents (MGAs) that focus on specialty commercial property and casualty niches. The company is based in Fort Wayne, Indiana, and may be reached at (260) 437-0091 or online at www.DoxaInsurance.com
More specifically and by design, DOXA seeks small to medium, independently owned and operated MGAs that have established brand recognition within their niche markets, have track records of success, and whose ownership anticipates or is actively seeking a business succession option without limiting or sacrificing full control of operations.
“Medium and small MGAs are often overlooked by firms that are actively acquiring within the insurance industry. The ‘bigger is better’ mindset prevails,” explains Sackett, CEO of DOXA Insurance Holdings. “From our experience, there is a tremendous amount of knowledge, passion, and creativity within what the industry refers to as a ‘small MGA.’ DOXA’s goal is to partner with these smaller to mid-sized agencies, assist their growth and operational objectives with DOXA’s experience, and allow each proprietor to continue managing but with the freedom to consider his or her next steps.”