News and Events

NIP SPECIALTY BROKERAGE CREATES NEW PROPERTY PRACTICE


(Woodbridge, NJ) May 17, 2007 — In response to the increasingly difficult Property Insurance marketplace brought on by continuous natural disasters, NIP Specialty Brokerage announces the creation of a new Specialty Property Practice.  This new Property Practice will be managed by Senior Broker Regina Kustowski, who comes to NIP Specialty from NAPCO, LLC, where she was responsible for a middle market commercial property book of business. Ms. Kustowski brings more than 20 years experience in the insurance industry, primarily in reinsurance and as a Wholesale Broker.

“NIP Specialty Brokerage is very fortunate to have someone with Regina’s vast property experience to lead our new Property Facility,” said John Rath, President of NIP Specialty Brokerage. “Her Reinsurance background provides her with a very strong product knowledge base, which is part of the foundation of her success as a property broker.”

“The landscape of the Global Property Insurance marketplace has changed dramatically due to the severe climate conditions we have experienced in recent years,” Ms. Kustowski said. “Underwriting guidelines have been changed, prices have increased, higher retentions are required and less capacity exists.  In order to meet their clients’ needs in this environment, retail brokers will need to access Wholesale Property Specialists who are problem solvers and very responsive.  We look forward to providing this kind of support to retail agents and brokers across the country.”

NIP Specialty’s new Property Facility partners with “A” rated carriers and is targeting the following:

• Habitational/Real Estate Account
• Shopping Centers
• Office Buildings
• Warehousing Risks
• Manufacturing Risk
• Vacant Buildings
• Builders’ Risk – Including Frame
• Wind
• Excess Flood

You may contact Regina Kustowski at 800-446-7647, ext. 611.

About NIP Specialty Brokerage
NIP Specialty Brokerage is a wholesale brokerage operation that specializes in the Construction Industry, targeting non-standard commercial risks underwritten by admitted and non-admitted specialty carriers. NIP Specialty Brokerage assists agents and brokers in the structure and placement of complex insurance risks throughout the United States by accessing NIP's brokerage expertise and relationships with global insurance markets.