MARITIME PROGRAM GROUP

Maritime Program Group, Inc.is part of Insurance Business America's 2016 Top Program Administrators list

MARITIME PROGRAM GROUP
https://www.maritimepg.com/
Headquarters: Westbrook, CT
Year founded: 1991
Leadership: Christopher Pesce, president

Maritime Program Group’s slogan, “coverage in motion,” sums up the company’s expertise in insuring marine risks, as well as its commitment to ensuring that its solutions evolve with the market's needs. MPG was founded when AIG decided to exit the middlemarket marine business in the early 1990s, leaving the door open for MPG to consolidate those small accounts into a new program group. MPG enhances its industry expertise by recruiting underwriters with a marine background and teaching them the insurance side of the business.

The company was the first in the US to offer an online rating tool for boats and yachts, and over the years, MPG has diversified its portfolio to expand into other classes of business; it was awarded with a TMPAA Best Practice Designation this year. 

“The combination of the additional offerings, as well as a constant focus on expanding our retail distribution, has fueled our growth in recent years and will continue to in the years to come,” says MPG president Christopher Pesce. “I believe the insurance industry is on the leading edge of an evolution in how we conduct business. The tremendous investment into startup technology companies that are focused on insurance will be impactful and make lasting change that will affect all levels of distribution, including program administrators.”

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