specialty broker startup News

New Minority-Led Broker Protecdiv Shoots for $100M Within 5 Years, Record Diversity

A minority-led insurance and reinsurance broker has launched with ambitious goals of achieving $100 million in revenue within five years and having the most diverse workforce in the industry. Protecdiv, based in Philadelphia, is being led by experienced insurance industry …

$6 Million Invested in New U.S. Wholesale Broker XPT Led by Veterans Ruggieri, Smith

London-based private equity firm B.P. Marsh & Partners has invested $6 million in a startup New York-based specialty lines insurance distributor that is headed by several well-known wholesale insurance executives. The management team at the new firm, which is named …