Agency Network Exchange undertakes expansion in north eastern US

Agency Network Exchange undertakes expansion in north eastern US | Insurance Business

Agency Network Exchange undertakes expansion in north eastern US
Independent insurers’ network Agency Network Exchange (ANE) announced in a statement that it has completed recent expansion activities in the north eastern area of the United States.

The firm said it added four agencies in New Jersey and three in Pennsylvania to grow its membership to more than 50 agencies.

Also, according to the statement, ANE has facilitated the writing of around $52 million in insurance premiums since 2014 and paid almost $6 million in profit sharing to its members over the same period.

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“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,” ANE chief executive John Tiene said in the statement.

The company’s business model involves pooling premiums to increase contingent revenue and providing direct market access to facilitate enhanced sales.


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