Open Brokerage Markets

Feb 15, 2008

  1. bdrign01
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    bdrign01 New Member

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    I am a producer for a Kentucky based agency. I am looking into starting my own agency focusing on P+C. I am tired of 40% new and 30% renewal. Since most markets require a volume commitment I need to find some open-brokerage markets. My question is:

    What "A" rated (AM BEST) carriers write insurance on an open brokerage basis in Kentucky? I am not so much worried about Work Comp markets. I am looking for markets that offer BOP, COMMERCIAL PACKAGE, COMMERCIAL AUTO, UMBRELLA products. Please, no wholesale brokers.

    Any replies would be greatly appreciated. Thank you all for your time.
     
    bdrign01, Feb 15, 2008
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  2. StinsonAssurance
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    StinsonAssurance Expert

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    I am not exactly certain but I would have to ask what type of products do you currently sell? If you are talking about 40% new and 30% renewal then from a P&C standpoint that is extraordinary. Most carriers only offer 15 to 20% on new and 10 to 15% on renewal. Are you referring to a commission split with an MGA at the 40 and 30% level?
     
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