One80 Intermediaries Expands Veterinarian Practice Insurance With the AVMA Trust Professional Liability Program

Business Wire

The AVMA Trust is the nation’s leading advocate for the veterinary profession that offers professional liability and Life & Health insurance to veterinarians

BOSTON--(BUSINESS WIRE)--
One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, announced today that it has partnered with the AVMA Trust Professional Liability program.

Headquartered in Boston, Massachusetts, Accession Risk Management Group is the parent brand to a family of specialty insurance and risk management companies, including core operating platforms Risk Strategies and One80 Intermediaries, that currently places in the aggregate more than $15 billion in insurance premiums and $1.5 billion in combined revenues. Through its focused M&A growth strategy, more than 180 companies have joined the Accession family since 2014, bringing specialty expertise, repeated replenishment of entrepreneurial spirit, and a continued focus on meeting clients’ evolving needs in the insurance and risk management space.

In operation for more than 70 years, Pearl Insurance, a subsidiary of One80 Intermediaries, provides affinity groups, individuals, and brokers with life, health, property, casualty, professional liability solutions throughout the United States. Pearl is part of One80 Intermediaries, a leading specialty insurance provider specializing in affinity, wholesale, program, contract binding and warranty solutions including key industry verticals such as medical stop loss, cannabis, captives, alternative risk, and lender-based insurance.

The American Veterinary Medical Association (AVMA) Trust provides unparalleled member value through solutions, services, and products that enhance the security and protection needed for the success of members’ personal and professional goals. Designed by veterinarians for veterinarians, these programs are available exclusively to American Veterinary Medical Association (AVMA) members.

The AVMA Trust sent out a request for proposal (RFP) to create a new foundation for growth and unparalleled member value by creating a central, unified member database that will be used to provide solutions, services, and products resulting in a seamless experience, improved efficiencies, and enhanced member engagement. This RFP was sent to several companies, and ultimately, the AVMA Trust selected Pearl Insurance to be its broker/administrator for both their Life & Health and Professional Liability programs as well as associated products including Business Owners Policy, Employment Practices Liability Insurance, Workers Compensation, and more.

As the chosen broker/administrator, Pearl Insurance will be providing several services to the AVMA Trust and its members including maintenance of all administrative, brokerage, and marketing licenses to permit offering programs nationwide; computer systems, processes, techniques, material, work-products, and ideas that are state-of-the-art, comprehensive, customer focused, and efficient; cutting-edge IT and web technology; knowledgeable, proactive, flexible, and responsive personnel; and creative marketing meant to grow the member insurance program and target specific demographic segments.

“This is one of the largest insurance program transitions ever made within our industry, and we are truly honored to be chosen. We are excited to partner with the AVMA Trust to establish a new foundation for growth and unparalleled member value by creating a central, unified member experience that offers seamless solutions, efficiencies, and engagement,” said Gary P. Pearl, Chairman/Chief Executive Officer (CEO), Pearl Companies.

About One80 Intermediaries

One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, the company offers placement services and binding authority for property & casualty, professional and personal lines, life insurance, and travel/accident and health coverages. One80 specializes in key industry verticals such as medical stop loss, cannabis captives, alternative risk, warranty coverage and lender-based insurance. One80 serves commercial companies, non-profits, public entities, individuals and associations and unions, and has access to all major insurance markets in the US, Canada, and UK. One80 has offices in more than 40 locations in the US and Canada. For more information visit www.one80intermediaries.com