A core component of the WTIS model contemplates the collection of wholesale distribution data from our retail customers. This allows WTIS to leverage the aggregate information and use it to develop proprietary MGA type programs for the exclusive use of its customers. We expect to build these proprietary programs as we refine the data aggregation and analysis process.
To assist our retail customers in reducing the frictional costs associated with “traditional” handling of accounts under $25,000, we have successfully arranged a P&C binding authority to complement our transactional brokerage capabilities for this business segment.
The binding authority is supported by an A+: XIV non-admitted carrier, with GL limits of $2MM/$2MM and a property limit of $1.5MM (that includes a wind capability in GA, FL, NC, SC, NY & NJ). Target classes include commercial contractors (residential, depending upon state), apartments, vacant buildings, mercantile stores, restaurants, manufacturers, distributors and many others.
Again, our brokerage capabilities in this segment contemplate a broad scope of risk exposures with a similarly wide range of smaller account P&C and professional lines coverages. As part of the JenCap Holdings family, WTIS will continue to add scale and depth to its range of product and service offerings.