Cook Maran's Blue Point Brokerage approved as Lloyd's coverholder
Wholesale insurance subsidiary of Cook Maran and Prime Risk Partners will underwrite on behalf of London-based global specialty insurer
EAST HAMPTON, N.Y., Sept. 7, 2017 /PRNewswire/ -- Blue Point Brokerage ("Blue Point"), the wholesale insurance subsidiary of Cook Maran & Associates ("Cook Maran"), has been named a coverholder at London-based Lloyds. In this capacity, Blue Point will hold the authority to underwrite and issue policies on behalf of Lloyd's syndicates.
Blue Point and Cook Maran are part of Prime Risk Partners ("PRP"), one of the fastest-growing insurance distribution firms in the U.S. Blue Point's coverholder status connects PRP's New York metropolitan operations with Lloyd's worldwide specialist insurance and reinsurance market; Lloyd's covers more than 200 territories globally.
"This partnership with Lloyd's represents an exciting new chapter in the evolution of our business," said Tim Brenneman, managing director of Blue Point. "We look forward to acting as a Lloyd's coverholder to meet the unique specialty needs of customers in New York and beyond."
Blue Point Brokerage is a specialty wholesaler with a focus on personal and commercial property exposures. Blue Point and its predecessor company, Cook Special Risks, offers more than three decades facilitating complex insurance placements. Blue Point was launched as a Cook Maran subsidiary in 2012; in turn, Cook Maran, one of New York and New Jersey's largest brokers, joined the PRP platform in 2015. Recently, Cook Maran acquired two other New York/New Jersey independent agencies, Mintz, Girgan & Brightly Inc. and Gundermann & Gundermann.
"Cook Maran continues to build on a 70-year reputation earning our client confidence through superior service and expertise," added Len Scioscia, Chairman/CEO of Cook Maran. "As part of the Prime Risk family and with subsidiaries like Blue Point growing our portfolio, the best is yet to come. Blue Point's coverholder relationship with Lloyd's offers a wealth of new opportunities backed by a centuries-long tradition in the industry."
Blue Point Brokerage is a full service insurance wholesaler with access to specialty markets, now including the specialist classes of business underwritten at Lloyd's. Blue Point's team of experience underwriters works closely with highly-rated carriers to offer comprehensive, cost-effective wholesale options – along with value-added services and programs – to its retail partners.
Learn more about Blue Point, Cook Maran, Prime Risk and Lloyd's: http://www.cookmaran.com/about-us/news-events/
SOURCE Cook Maran
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