VIP Program Success Stories
Our partners come in all shapes and sizes, and VIP Members are no different. But one thing they all have in common is the ability to turn their experience into profit.
Here are just a few of the amazing success stories from AmTrust's agency partners.
$1,745,417 OF PROFIT
LARGE WHOLESALER – "King of the Hill"
A single location wholesaler, privately owned by three individuals, joined the VIP program. Through their keen insight into underwriting and the nature of risk, they knew they could control the amount of profit they made.
$397,867 OF PROFIT
SMALL RETAILER – "Turning Grey Hairs into Cash"
This small, independent insurance agency joined the VIP program feeling they could finally monetize their decades of experience and hand-pick clients with whom to share risk with AmTrust. These clients have benefited from their risk management advice over the years, and now the agency could finally capitalize on their investment into their clients' success.
$300,191 OF PROFIT
SMALL RETAILER – "Young and Hungry"
Focused on a myriad of businesses, this small retailer is young and entrepreneurial and always looking for ways to create value. For over five years, they have worked hand-in-hand with AmTrust to identify, write and share their very best new and renewal business.
$289,579 OF PROFIT
SMALL RETAIL AGENCY – "Small…but Mighty"
This small, hometown agency has been in business for over 150 years with a handful of riches and a member of the AmTrust VIP program for over five years. They had previous experience and success with similar agency-owned reinsurance programs, and the current team was anxious to claim a share of AmTrust's underwriting profit.
$521,432 OF PROFIT
MEDIUM-SIZED RETAILER – "Families Who Reinsure Together…"
Decades of personal attention at this highly respected retail agency and family operation provided them exclusive insight into their clients. Upon joining, the agency successfully hand-picked only those they felt would drive a significant underwriting profit for the carrier.
$494,450 OF PROFIT
SMALL PAYROLL SERVICES COMPANY – "Jack of all Trades, Including Reinsurance"
Independently owned and operated, this boutique payroll, tax, insurance and compliance services firm joined the VIP program nearly a decade ago. They understood their client base and could identify and share the stronger risks with AmTrust.
$445,458 OF PROFIT
SMALL GROUP OF SMALL RETAILERS – "Strength (and Profit) in Numbers"
This partnership of 15 small, independent insurance agencies pooled their resources together nearly ten years ago and funded a cell to participate in the VIP program.
$1,255,000 OF PROFIT
LARGE RETAILER – "Success through Consolidation"
A single location privately-owned independent retailer joined the VIP program and formed their cell nearly ten years ago. By consolidating carriers, they not only maximized profit but connected their clients with a carrier that understood the unique needs of their industry.
What VIP Members Say
"The AmTrust model was the only one we found to be straightforward, transparent and truly provided us the opportunity to share in their underwriting profit."
Frank Sorochen, Jr., President of Associated Specialty, Member since 2011
"The only thing I regret is not starting this program sooner."
Robert Licciardello, COO/Owner, All Insurance Underwriters, Member since 2015
"The program has created a unique partnership that allows access to key decision-makers at the insurance company in a way that other companies do not offer."
Neil Owens, Principal, Elias B. Cohen & Associates, Member since 2013
"A partnership where the carrier, agency and insureds all benefit."
Dan Robertson, Partner, Insurance Office of America, Member since 2014
"For agents that understand risk, ordinary profit-sharing plans can't compete."
Randall Goss, Chairman & CEO, U.S. Risk Insurance Group, LLC, Member since 2013