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In its first 12 months, RPS posted lower than $100,000 in income. Right now, it’s grown to be one of many largest specialty insurance coverage distributors within the US, with staff in additional than 80 places of work throughout the nation and greater than 400 provider agreements. It’s additionally extremely revered amongst retail producers, having been named one in every of Insurance coverage Enterprise America’s 5-Star Wholesale Brokers and MGAs for 2022.
“Our purchasers inform us that what makes RPS stand out from the competitors is our creativity in protection options and the experience of our brokers and underwriters,” Tish Fournet, RPS president for consumer relations, informed IBA. “As a result of RPS is made up of a number of divisions, every providing capabilities for hard-to-place dangers by means of totally different avenues and markets, our individuals have choices in terms of danger placement. Our individuals carry enthusiasm and experience to each problem. We take a ‘say no to no’ strategy to submissions, and we work collectively to come back by means of with an answer.”
Learn subsequent: RPS promotes two, launches new E&O program
2021 was a busy 12 months for the insurance coverage market, however RPS rose to the problem, stated Emily Hathcoat, RPS vice chairman of promoting.
“It was one of many busiest years within the extra and surplus markets in latest historical past – markets shifted appetites, policyholders and their brokers had been left trying to find protection, phrases and situations adjusted, and charges throughout most courses of enterprise had been nonetheless on the rise,” Hathcoat stated. “It was a troublesome 12 months for our retail agent and dealer companions to make sure they’d essentially the most cost-effective safety for his or her purchasers.
“Our specialist dealer and underwriting groups throughout our brokerage, binding and packages divisions labored tirelessly to make sure dangers had been positioned in the suitable markets, squared away and underneath management, so our purchasers might transfer forward with confidence.”
Learn subsequent: Discover out extra about RPS’s journey as we speak
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