ANE Adds Seven Agencies in New Jersey and Pennsylvania
More than $22+ Million in New Business Premiums Written Last Year
ANE, Agency Network Exchange, LLC announced it added seven new agencies in Pennsylvania and New Jersey last year to grow its membership to more than 50 independently owned and operated agencies. The network, which began with just seven agencies in 2009, helped its members write more than $52 million in new business premiums over the last three years and paid more than $5.6 million in profit sharing to members in the same period.
"ANE's continued momentum across New Jersey and Pennsylvania demonstrates that our business model is working for independent agencies that want to stay competitive and grow," said John Tiene, CEO, ANE. "ANE will continue to add talent, realign staff and invest in technology that drives our members' success and helps us achieve our goal of expanding the network across the Mid-Atlantic states."
ANE added four agencies in New Jersey:
- U.S. Insurance (Newton, NJ)
- Richards & Summers (Denville, NJ)
- Livingston Insurance Agency (Livingston, NJ)
- Fidella Insurance (Mount Laurel, NJ)
ANE added three agencies in Pennsylvania:
- Absolute Insurance Agency (Upper Chichester, PA)
- Commercial Insurance Providers Group (Levittown, PA)
- The DeAngelo Company (Wyomissing, PA)
ANE Personnel Announcements
ANE also named Neal Stanley as interim Chief Operating Officer and consultant. Stanley joined the ANE Board of Directors in 2016 as its first independent member. Jocelyn Rineer was promoted to Vice President, Field Operations.
Stanley has over 40 years of experience as the president or senior officer of insurance companies and agencies. He recently retired from United Valley Insurance Services, Inc., one of the nation's largest agency networks, where he was a director and COO. He continues in a consulting role with the company, assisting its member agencies in perpetuation and acquisitions.
Rineer joined ANE from E&K Agency, Inc. of Eatontown, NJ, where she served for 15 years as Commercial Lines Marketing Manager with responsibility for placing a wide variety of commercial lines risks with numerous standard and wholesale outlets. As Director of Field Services, Rineer was the primary contact for ANE's New Jersey members. A licensed producer, Rineer is also a Certified Insurance Counselor.
Partnership Gives Members Access to New E&S Market
Agency Network Exchange partners with Specialty Risk Placement to streamline Excess & Surplus Business with Mesa Underwriters Specialty Insurance Company.
Yesterday, April 28, 2015, at our annual conference, ANE announced an exclusive relationship with the wholesale insurance broker Specialty Risk Placement, LLC (SRP) to expedite service for our ANE member agents and provide a single source to place complex commercial contract-binding risks through Mesa Underwriters Specialty Insurance Company (MUSIC).
"This agreement gives ANE members direct access to SRP executives for insight on coverage and risk, which will result in faster turnaround time and higher commissions for our agents," said John K. Tiene, CEO, ANE. "It also provides agents with a direct line to MUSIC, one of the best markets for small to mid-sized accounts that require placement in the excess and surplus lines market to cover a wide array of risks."
SRP located in Fairlawn, NJ provides wholesale insurance coverage for small, mid-sized and larger companies including real estate, contractors, commercial property, professional liability, restaurants, and a variety of specialty business. Visit http://www.srpins.com/ for more information.
MUSIC, a wholly-owned excess and surplus lines subsidiary of Selective Insurance Group, Inc., offers property and commercial general liability insurance coverage through a strong network of wholesale general agency partners in al 50 states. MUSIC's insurance specialists have extensive knowledge in writing small to medium-sized commercial business classes, along with brokerage and program business in the excess and surplus marketplace. Visit www.music-ins.com for more information.
ANE Annual Conference
Our annual conference brings together more than 40 ANE agents from across New Jersey and the mid-Atlantic states. The theme of this year's conference was "The Holy Grail for Agency Owners: Attracting, Managing and Compensating Quality Producers." The event featured keynote speaker Dr. Robert Hartwig, President of the Insurance Information Institute, followed by six breakout sessions, including one on "Producer Accountability" by Jim Wochele, Senior Consultant at MarshBerry.
Yesterday's announcement continues the momentum that began last April when ANE unveiled its new brand and logo, and announced we were adding resources and staff to expand into Pennsylvania and other mid-Atlantic states. In the last year, ANE has added executives and expanded our product portfolio to better serve our agents.
You can view our full press release on our new partnership and annual conference on Insurance News Net. View the full article here.