Sunday, January 29th, 2023

HUB Worldwide launches new nonprofit specialty observe

HUB’s new nonprofit specialty observe formalizes its capabilities in serving the distinctive danger administration, insurance coverage, and human capital wants of associations, arts and cultural entities, foundations, public advocacy, spiritual, and different charitable organizations.

“HUB has a long-proven observe report of efficiently aiding nonprofit organizations and creating a brand new nonprofit specialty observe formalizes our work on this space,” mentioned HUB CEO and president Marc Cohen. “Nonprofits face distinctive operational, monetary, and governance challenges, and our specialised brokers will assist them flourish by providing proactive session and recommendation to guard in opposition to all points of their danger.”

Chris Treanor, HUB president of applications & specialties, added that having a devoted observe permits the agency to construct out extra specialised merchandise, increase provider relationships, and supply industry-specific built-in P&C, worker advantages, and retirement options.

“This can be a distinctive sector of the financial system with distinctive wants, and we’re excited to supply particular providers to gasoline its success,” Treanor continued.

Scott Konrad, nonprofit insurance coverage veteran at HUB, will lead the brand new nonprofit specialty observe. He’s a nationally acknowledged writer and speaker on nonprofit danger administration themes with direct expertise as a servant chief of nonprofit civic, spiritual, {and professional} organizations, together with the Nonprofit Threat Administration Heart’s Company Advisory Council. In his new position at HUB, he will probably be chargeable for galvanizing the agency’s a long time of nonprofit consumer expertise, {industry} relationships, and sector engagement to develop modern insurance coverage, danger administration, and human capital merchandise and options.

“Nonprofits face rising stress to exhibit operational effectivity and prudent stewardship, which suggests maximizing worth at each flip – in lowering danger, safeguarding their property, and taking good care of their individuals,” Konrad mentioned. “We perceive the charitable sector’s challenges, wants, and temperament and use our abilities and assets to sort out points reminiscent of board safety, expertise recruitment and retention, volunteer danger administration, and extra. By lightening the burden for busy nonprofit leaders to allow them to deal with mission, we’re an efficient catalyst for the larger good.”

The announcement of HUB’s new specialty follows the launch of its new product for condominium and house owner associations.

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