Holmes Murphy launches new company
Insurance broker Holmes Murphy & Associates announced the launch of Innovative Program Solutions, a full-service MGA practice.
The new company will focus on designing specialized insurance programs to help businesses in targeted industries drive down expenses and loss ratios with custom solutions.
IPS is led by Tim Anders, an insurance industry veteran with more than 35 years of experience in underwriting, new program development, program management, and leadership. Prior to joining Holmes Murphy’s family of brand companies, collectively called PLUS, and leading IPS, Anders worked with companies such as Ryan Specialty, Breckenridge Insurance, Zurich, and Atlantic Mutual, and dealt with programs across a variety of industry classes and coverages.
“Innovative isn’t just in our name — it’s in our nature. Our team and our extensive network of insurance and industry experts are committed to creating best-in-class programs for our broker and carrier partners, driving down costs, and providing expertise you won’t find anywhere else. Program business is an industry that produces more than $80 billion in premiums every year, most of which is written by Target Markets members. Carriers have increasingly looked to MGAs, like IPS, to provide expertise, innovation, and effective underwriting approaches in specific lines of business, helping them to grow and enter new markets. We believe by launching IPS, we’ll be able to tailor unique insurance solutions for our clients’ needs through closer partnerships with their carrier partners and positively influence their impact on evaluation and management of risk.” – Tim Anders, President, IPS.
“The vast network of experts we have here at Holmes Murphy and in our subsidiary brands is a crucial part of the work we are able to do for our clients. By creating Innovative Program Solutions, we will help to ensure every program is tailored to each business by providing dedicated resources while working to manage costs.” – Tom Stewart, President of the PLUS division of Holmes Murphy.