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NIP SPECIALTY BROKERAGE OPENS FOR BUSINESS
(Woodbridge, NJ) October 18, 2004 — NIP Group, Inc. is pleased to announce its new wholesale brokerage operation, NIP Specialty Brokerage, LLC is open for business. The division was recently created to expand NIP Group's business to meet the needs of its retail broker network and to satisfy market opportunities in the surplus lines industry. NIP Specialty Brokerage is organized into three practice groups: Casualty, Property, and Professional Liability, and will be targeting non-standard commercial risks underwritten by admitted and non-admitted specialty carriers.
“I’m thrilled to extend and apply NIP’s proven problem solving capabilities to the wholesale brokerage business,” said John Rath, President of NIP Specialty Brokerage. “Agents and Brokers will be impressed by the talented team of brokers and markets we have organized to help them successfully place business, from their small clients with straightforward needs to their largest, most complex and puzzling accounts.”
NIP Specialty Brokerage has assembled a tremendously knowledgeable and resourceful broker team, one with the specialized technical training and industry expertise to quickly craft innovative solutions to difficult problems. The team’s high performance service model was created to deliver quality, reliability and speed. NIP Specialty Brokerage boasts broad and preferential access to leading insurers and, because of its independent status, never competes against its retail agency customers.
“We recognize what agents, brokers and CSRs want most – FAST, WINNING SOLUTIONS – and we’re ready to deliver,” Rath said. “All we ask is that people give us an opportunity on their next account.”
About NIP Specialty Brokerage
NIP Specialty Brokerage is a wholesale brokerage operation targeting non-standard commercial risks underwritten by admitted and non-admitted specialty carriers. NIP Specialty Brokerage assists agents/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.
About NIP Group, Inc.
NIP Group, Inc. is a specialized business insurance and risk management intermediary, ranked among the largest 125 in the United States, that provides a wide range of brokerage, underwriting and risk management services to select market segments. NIP Group, Inc. is structured into three complementary lines of business; NIP Programs, NIP Group Self-Insurance and NIP Specialty Brokerage.
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