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re: Anyone here work in the E&S/Wholsale/MGA insurance industry?
Posted on 7/16/12 at 10:42 am to donRANDOMnumbers
Posted on 7/16/12 at 10:42 am to donRANDOMnumbers
I work for a national wholesale/MGA operation. I started in the NOLA office but moved to North Carolina. It's a super soft market here and our office primarily writes the smaller contract risks $500-$3000. It's way different than what I experienced in New Orleans.
I've been pretty successful. I started from scratch in March of 2011 and didn't inherit anything and I'll probably have around a $2m book by the end of the year.
I have recently been offered a job at a much smaller shop with 50 employees and a total volume of $70m. It's more focused on the CAT exposure large property stuff and actually provides better market access than my current company. I will also still have the pen to write small contract stuff. I also could market to some of my contacts back in LA. But it is smaller and I wonder about the stability.
I guess my question is, if you were looking for new position within the industry, what would make a new place most appealing? What kind of comp, bonus structure, etc.? My current employer has a rep for being pretty stingy and that's kind of why I'm looking to move.
My other question is, as someone who is 28, where will this part of the industry be in 20 years? Will brokers still be relevent?
ETA:
I would quit the business before I worked E&S auto.
I've been pretty successful. I started from scratch in March of 2011 and didn't inherit anything and I'll probably have around a $2m book by the end of the year.
I have recently been offered a job at a much smaller shop with 50 employees and a total volume of $70m. It's more focused on the CAT exposure large property stuff and actually provides better market access than my current company. I will also still have the pen to write small contract stuff. I also could market to some of my contacts back in LA. But it is smaller and I wonder about the stability.
I guess my question is, if you were looking for new position within the industry, what would make a new place most appealing? What kind of comp, bonus structure, etc.? My current employer has a rep for being pretty stingy and that's kind of why I'm looking to move.
My other question is, as someone who is 28, where will this part of the industry be in 20 years? Will brokers still be relevent?
ETA:
quote:
"Endorsement #4 adding 2003 toyota tacoma for liablity, UM, Med Payments, $1,000 Comprehensive and Collision Deductible, Stated Value $15,000" blah blah blah. all day
I would quit the business before I worked E&S auto.
This post was edited on 7/16/12 at 1:56 pm
Posted on 7/17/12 at 10:11 am to mule74
bump for any advice
Would be appreciated.
Would be appreciated.
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