National wholesale insurance broker and program manager One80 Intermediaries has formally launched its business.
Boston-based One80 offers placement services and binding authority for P&C, financial lines, personal lines, and medical stop loss risks. The firm provides both wholesale placement and in-house binding services, and One80 serves all industry classes. A release said that the company operates in 19 locations throughout the US, including Boston, New York City, Chicago, Miami, Atlanta, Houston, Dallas, Nashville, San Diego and Seattle.
One80 is led by president Matthew Power, who had served 26 years as executive vice-president of Lexington Insurance Company (an AIG company) and as president of Risk Specialist Companies.
According to Power, One80 was founded to meet the needs of brokers for “highly specialized and innovative insurance solutions.”
“We are built on a foundation of experience and integrity - our team of professionals has worked for decades to forge relationships with top insurance carriers in the US and UK. With that, One80 Intermediaries is in a unique position to combine our deep expertise with these market leading carrier relationships to provide brokers with highly customized coverage in a time effective manner,” the president added.
The new company also revealed in a release that just last month, it acquired the managing general agent and recreational marine insurance specialist Maritime Program Group. Christopher Pesce joined One80 as national director following the acquisition.