Net Risk (Risk Limitation) Definition
Once reinsurance is purchased, this is the per-occurrence limit retained by an insurance company.
Iroquois Group Adds Arizona, Texas and New Mexico
Olean, NY -- The Iroquois Group today announced its expansion into the states of Arizona, Texas and New Mexico with the appointment of two new Managing Partners: Mike Haskins and Bob Stallings. These appointments increase penetration of the Iroquois Group into 25 states. Representing over 1100 independent agencies with revenues exceeding $20 million, Iroquois is the oldest and largest network of independent insurance agents in the country.
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risk advisor Servicing members of Iroquois of Texas is Michael A. Haskins, a 20 year veteran of marketing, underwriting and operations management within the property and casualty insurance industry. Prior to joining the Iroquois Group, Mike had most recently been Prudential's Product Manager for the state of Texas. Bob Stallings, who will service Iroquois members in Arizona and New Mexico, brings a similar background to his new position. He also had been a 20 year veteran of Prudential Insurance, serving as the Product Manager for Arizona, Nevada and Utah. In his most recent assignment, Bob had been responsible for developing and implementing the marketing of Prudential's personal line products through independent agents in the western states.
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risk advisors Iroquois of Texas already numbers 15 independent agency members with a first year goal of 50 agencies. According to Haskins, "This is a great opportunity for small to medium-sized agencies to join with a strong, quality cluster that can provide them with the resources to prosper in the years ahead." Haskins went on to add, "Many of these agencies are currently producing under $2 million in premium volume which makes it very difficult to access markets under today's conditions. Iroquois solves that problem and much, much more."
Stallings, who added three agencies in the first week of operation, echoes Haskin's sentiments, "Over my years in the industry, I've always appreciated Iroquois's quality of resources and commitment to the small to mid-sized agencies. The hardening market is having a dramatic impact on these agencies and Iroquois offers them a better deal all the way around."
William (Twig) Branch, Iroquois Group President, was extremely enthusiastic about both appointments, "The Iroquois Group has been experiencing significant growth and expansion in recent years. The addition of Bob Stallings and Mike Haskins to our team made it practical to open and service these three new states. They bring a vast amount of experience with very successful track records in dealing with agencies from the company perspective. Coupled with their many agency relationships in their respective states, we believe they are uniquely positioned to bring the Iroquois resources to the small to mid-sized agencies throughout Texas, Arizona and New Mexico."
The Iroquois Group, headquartered in Olean, NY, has been described by the industry trade press as a "700-pound-gorilla" focused on assisting small to mid-size suburban and rural agents to build their businesses with access to quality insurance companies, reduced operational expense and higher levels of commission. Companies benefit from access to a proven, low-cost, low-risk distribution channel for their products.
Mike Haskins is headquartered in Plano, Texas and can be reached by phone at (972) 747-0458 or by e-mail at mailto:firstname.lastname@example.org. Bob Stallings, based in Phoenix, Arizona is available at (480) 854-3913 or at mailto:email@example.com. Iroquois Group president, Willaim (Twig) Branch can be reached at (704) 334-5275 or mailto:firstname.lastname@example.org.