XPT Group Announces Platinum Trucking Program with Watford Insurance Company

XPT Group LLC announced today the launch by its subsidiary, W.E. Love & Associates, LLC   (W.E. Love) of a new trucking program, Platinum Trucking, with Watford Insurance Company (Watford), to provide needed coverages for high-quality, experienced trucking firms that just miss being considered "prime" risks.

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B.P. Marsh & Partners Plc Investee Company Update

B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that XPT Group LLC (“XPT”), the U.S. based specialty lines insurance distribution company, has successfully completed a fund-raising exercise and complementary acquisition.

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XPT Group partners with Sierra Specialty

Fifth investment by Specialty Lines Distribution Firm

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Expertise. Experience. Expectations.

XPT is a new specialty insurance distribution company formed through a partnership of highly-experienced management executives and an institutional investor who backs early stage insurance distribution firms.

XPT brings together underwriting and wholesale brokerage firms across many specialty lines to provide the best in market expertise and tech-enabled customer service that will meet even the highest of expectations and lead to rapid new product development.

Learn more about who we are

WHY XPT

Expertise in Specialty Insurance Distribution

In an era of rapid consolidation in the wholesale brokerage and underwriting market (including binding authority, program administrators, Managing General Agents (MGAs) and Managing General Underwriters (MGUs), independent firms are joining XPT in order to better serve their retail customers. Only when working together can many firms launch new products, leverage the most modern platform, access new markets, tap into new customers and hire leading producers for complementary expertise. XPT stands apart by delivering expertise through a collaborative partnership culture.

E-mail us at
info@xptspecialty.com
to explore whether we could
work together.

While XPT will acquire businesses where the owner is retiring, our preference is to build a world-class platform together with existing leadership and to leverage the market reputation and brand equity that has already been built. XPT may also invest in or acquire an InsureTech vendor but XPT is primarily focused on underwriting and wholesale brokerage companies. E-mail us at info@xptspecialty.com to explore whether we could work together.

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PORTFOLIO
W.E. Love

 

W.E. Love
Located in Burlington, North Carolina, W.E. Love and Associates, Inc. (WEL) is the oldest Certified Managing General Agency (CMGA) in the United States. Founded in 1982 by W.E. “Dub” Love, Jr., specializing in trucking risks. For over 35 years, WEL has been keenly focused on service and technology and will continue to innovate and remain true to the traditional sense of fair play and strong work ethic. www.welove.com

WSS and WestPro

 

WSS and WestPro
Since 1981, WSS has been providing retail brokers an extensive line of Commercial and Personal Lines products, with access to both admitted and non-admitted markets. WSS continues to expand their reach and now writes in most of the Sun Belt states. West-Pro, a division of WSS, writes bars & taverns with exclusive markets and coverage forms for wholes brokers in over a dozen states. www.wssib.com

SVA Underwriting

 

SVA Underwriting

SVA Underwriting was formed in August 2013 in New York City by Founder and President Steven Vallejo.  SVA Underwriting is a MGA/Wholesale Agency currently representing and conducting business with retailers throughout the country for Auto Liability, Auto Physical Damage and Motor Truck Cargo placements. SVA Underwriting is an “Underwriting House” that is a turnkey operation with the ability to underwrite, issue policies and endorsements and arrange for quality engineering and loss control.  www.svaunderwriting.com

Sierra Specialty

 

Sierra Specialty

Sierra Specialty was founded in 2005 by Kathy Schroeder and Mark Schroeder. Sierra Specialty provides retail insurance professionals with underwriting and brokerage services. As an MGA Sierra Specialty writes many lines of business; General Liability, Property, Packages, Professional Liability, EPLI, Cyber, Commercial Auto, Trucking & Cargo, Inland Marine, Garage, Agriculture and Farm & Ranch. Our Specialty Programs are designed for specific industries and classes. Sierra Specialty is committed to serving the retail insurance professionals by providing the best possible service, price and products.  www.sierraspecialty.com

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APPROACH

Tech-Enabled Specialty Insurance Distribution

Integrity

Accountability

Responsiveness

Transparency

For nearly 20 years the XPT partners have leveraged the latest in modern insurance technology to enable insurance professionals to better serve their clients. While others seek to build systems to automate specialty lines placements, XPT believes the market will remain relationship-driven. XPT believes in tech-enabled specialty insurance distribution where systems support expert underwriters and brokers.

Before we consider an acquisition, the XPT partners evaluate whether the firm operates according to the same set of guiding values of integrity, accountability, responsiveness and transparency in all dealings with retail clients and market partners.

To learn more about our approach, contact us.

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FOUNDING PARTNERS

Decades of Specialty Insurance Distribution Experience

XPT is a new specialty insurance distribution company formed through a partnership of highly-experienced management executives and an institutional investor who backs early stage insurance distribution firms.

Thomas P. Ruggieri Partner, XPT Group
Contact Tom
1985
Managing Director
2000
Founder / CEO
2014
CEO
2017
CEO
Jeff Heath Partner, XPT Group
Contact Jeff
1976
Underwriter
1991
Founder / CEO
2008
Acquired Heath XS
2015
Underwriting Strategy
2017
Partner
Mark M. Smith Partner, XPT Group
Contact Mark
1986
Founder / CEO
1990
President & CEO
2005
President, Brokerage
2011
Managing Director
2014
EVP, Business Development
2017
Partner
B.P. Marsh & Partners Partner, XPT Group
Contact B.P. Marsh
Over 40 investments since 1990
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XPT NEWS
09/23/2019

XPT Group Announces Platinum Trucking Program with Watford Insurance Company

XPT Group LLC announced today the launch by its subsidiary, W.E. Love & Associates, LLC   (W.E. Love) of a new trucking program, Platinum Trucking, with Watford Insurance Company (Watford), to provide needed coverages for high-quality, experienced trucking firms that just miss being considered "prime" risks.    John Love, Transportation Practice Leader, stated, “We developed Platinum Trucking specifically for the trucking and transporta Read more

09/16/2019

B.P. Marsh & Partners Plc Investee Company Update

B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that XPT Group LLC (“XPT”), the U.S. based specialty lines insurance distribution company, has successfully completed a fund-raising exercise and complementary acquisition.

Fundraising

XPT has secured $40 million in aggregate financing from Madison Capital Funding LLC (“Mad Read more

09/16/2019

XPT Group partners with Sierra Specialty

Fifth investment by Specialty Lines Distribution Firm XPT

XPT Group LLC announced today the acquisition of Sierra Specialty, a Managing General Agency (MGA) and wholesale insurance underwriter/broker representing multiple top “A” rated markets and specialty programs.   XPT’s west coast presence continues to expand with this.

Clovis / Fresno based company specializing in a variety of products including Agribusiness, P& Read more

09/05/2019

WSS Announces Acquisition of Klein & Costa Insurance Services

Western Security Surplus (WSS), part of the XPT Group, a specialty insurance distribution company, announces the acquisition of Klein & Costa Insurance Services (K&C).  This acquisition continues to demonstrate WSS’s commitment to strategic growth to deliver the best products and services possible.     

K&C was founded in Santa Ana, California in 1990 by Clarence Costa and Jim Klein.  K&C’s primary foc Read more

07/10/2019

WSS Announces Hiring of Dan Rieden and Matt Rieden and the Launch of a Newly Formed Workers’ Compensation Division

Western Security Surplus (WSS), part of the XPT Group, a specialty insurance distribution company, announces the hiring of industry experts Dan Rieden and Matt Rieden and the launch of a newly formed Workers’ Compensation Division.  Dan Rieden will serve as Executive Vice President and Practice Leader of the workers’ compensation division, and Matt Rieden will serve as Senior Underwriter for specialty niches within the division.

Dan Rieden h Read more

02/12/2019

Top 3 Reasons WSS Opened New Southern California Office

Wholesaler WSS, part of XPT a specialty insurance distribution company, announces the opening of a new office location in Sherman Oaks, CA.  The new office is led by Mark Kaufman, Chief Operating Officer, who joined WSS in May of 2018 and is at the helm of WSS’s rapid growth in southern California. 

Why did they open a new office?  Here are the top 3 reasons:

01/17/2019

XPT Group Makes Third Investment with SVA, Strengthening Trucking Portfolio

Established Trucking Physical Damage & Cargo MGA; Third Investment by Specialty Lines Distribution Firm XPT

January 17, 2019 (New York) - XPT Group LLC announced today the acquisition of SVA Underwriting Services, Inc. (SVA Underwriting), a leading trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in Physical Damage and Cargo cover with the ability to underwrite, issue policies and Read more

01/29/2018

XPT Group Partners with Trucking Specialist W.E. Love

Established Tech- Enabled Transportation MGA; Second Investment by Specialty Distribution Firm XPT

January 29, 2018 (New York) - XPT Group announced today its partnership with industry leader W.E. Love & Associates (WEL), a 36-year old MGA with expertise in trucking risks. Led by John H. Love and based in Burlington, North Carolina, WEL offers select retail agencies direct access to highly-skilled underwriters who set the standard for trucking insurance Read more

11/03/2017

XPT Group Acquires WSS and West-Pro

XPT Group Acquires WSS and West-Pro Newly-Funded Specialty Lines Insurance Distribution Firm Buys Established Wholesale Broker and MGA with Leading Bar & Taverns Program

November 6, 2017 (New York) - XPT Group announced today the acquisition of WSS, a leading wholesale broker and MGA including Western Security Surplus Insurance Brokers, Inc. and its MGU program division West-Pro. Based in Plano, Texas, WSS serves retail agencies through placement of General Liability, Package Liabilit Read more

07/25/2017

B.P. Marsh Investment in North America

As announced by the Company on 13th June 2017, B.P. Marsh & Partners Plc (AIM:BPM) has invested $6,000,000 into a New York based specialty lines insurance distribution company. Following recent press speculation, the Company is pleased to announce further details concerning this new venture.

B.P. Marsh has subscribed for a 35% shareholding in the New York based XPT Group LLC ("XPT"), through its wholly owned subsidiary company, B.P. Marsh (North America) Ltd. XPT is a newly establis Read more

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