Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, a leading insurance program underwriter and wholesale broker with offices in New York, New Jersey, and Connecticut. This is Alliant’s fourth MGA acquisition of 2015.
New York, NY (February 17, 2015) – Preferred Concepts, LLC, www.preferredconcepts.com, a leading program underwriter and specialty insurance broker, announced last week that Robert Kohn has joined the firm as Director of Risk Management Services.
Kohn will lead the claims operations and risk management for both the program underwriting and specialty brokerage divisions of the firm. In his role, he will ensure that Preferred’s risk management and loss control approach continue to provide best in practice service for their clients. Read More.
Preferred Concepts will be moving its ezumbrella.com coverage to Travelers and Fireman’s Fund beginning January 1, 2015. The combined support of Travelers and Fireman’s Fund enables Preferred to offer broader umbrella liability coverage and improved service through its online platform, ezumbrella.com.
Preferred Concepts celebrates our 25th anniversary with Habitat for Humanity!
In celebration of Preferred’s 25th anniversary, we participated in a company-wide Charity Day with Habitat for Humanity. We were joined by Chubb Group of Insurance Companies in Staten Island, where we helped restore three homes damaged from Hurricane Sandy.
<p>Christopher M. Treanor, President of Preferred Concepts, discusses the impact of alternative capital on the P&C market.</p>
<p>This has been a watershed year for the U.S. property/casualty market. The convergence of insurance/reinsurance and alternative capital has reached a tipping point and, for the first time, alternative capital is directly impacting market conditions for retail insurance. These investments are even moving beyond reinsurance.</p>
<p><strong><a title=”When Worlds Collide: The Effect of Alternative Capital on the P/C Market” href=”http://www.preferredconcepts.com/when-worlds-collide/”>Read More.</a></strong></p>