BrokerTech Ventures (BTV), a broker-led investor group and accelerator program, has announced the addition of its first carrier partner, The Travelers Companies, to its platform.
Travelers is a leading provider of property and casualty insurance for auto, home and business, and has more than 30,000 employees.
“The elevated relationship between BrokerTech Ventures and Travelers was a natural fit,” said Dan Keough, co-CEO of BrokerTech Ventures and chairman and CEO of Holmes Murphy. “Between all 13 of our BTV firms, we represent a sizable annual premium with Travelers and have followed their leadership in terms of carrier innovation over the past several years. We intend on strategically partnering with several additional insurance companies that have a passion for and focus on insurtech innovation, with Travelers leading the way.”
BTV comprises 13 super-regional, privately held insurance brokerage firms from coast to coast, representing nearly $30 billion in collective annual premiums. BTV said that it planned to add more brokers to the platform in the coming months.
“We have deep relationships with all the firms involved with BrokerTech Ventures, and becoming a partner enables us to more closely collaborate on technology solutions for agents and brokers,” said Patrick Kinney, executive vice president of field management at Travelers. “Together, we hope to identify new ways to digitally meet customers’ needs.”
