Preferred Property Program rated five stars by insurance producers
By: Insurance Business
IBA asked retail producers to rate the performance and service of their wholesale broker and MGA partners in eight essential areas: turnaround times, product knowledge, product range, communication and more. The highest-scoring companies – 32 in total - were awarded five-star designations. Of those five-star companies, Preferred Property Program has been named an "All-Star" wholesaler, having earned a five-star status in all eight categories along with 25 other companies.
As MGAs for over 20 years, Preferred Property Program currently represent AXA/ XL Caitlin Insurance and Chubb Insurance. The company also writes business through Am Trust Financial, CNA and GNY for various product lines. PPP in conjunction with AURA offer umbrella policies ranching from $1M to $100M in limits. They also offer workers compensation, environmental, and package policies for real estate operations. For a one-stop shopping experience, their latest products include directors and officers as well as cyber and crime insurance.
"We are extremely honored to be nominated and recognized by our retail brokers as an All-Star MGA for the 3rd consecutive year," says president Ken Hager. "We are continuously working to modernize and improve all aspects of transacting business through our program. We are pleased to learn that our brokers hold us in the same high esteem as we hold them," says executive vice president Carmen Suarez. PPP has a team of talented, dedicated individuals who consistently work to improve and provide the best possible services to their brokers.
Preferred Property Program is headquartered in Holmdel, NJ. AURA is located in Hallandale, FL. The company is founded by its parent corporation JGS Insurance, who has been in the business for over 100 years.
The full report is available in issue 8.03 of Insurance Business America, out now or find out more about Preferred Property Program HERE (https://www.insurancebusinessmag.com/
Insurance Business America is the country's leading business magazine for today's sophisticated commercial insurance broker/agent. IBA engages the decision-makers who matter by publishing an industry-standard magazine that supports both the business and best-practice requirements of today's commercial broker.
Insurance Business America is a key business resource that professional brokers/agents turn to for in-depth industry issues, news and news analysis, market trends, business analysis, and intelligence. It tackles the issues not covered by other publications, reporting on companies that shape the industry, and providing analysis that can't be found in the mainstream media.