Posted on 04 Jan 11
Consolidated Insurance Agents (CIA) announced its new association with Fair Lawn, NJ-based United Assurance, Inc.
This news highlights a banner period for CIA, the United affiliation is their third equity partner relationship since the program began in April of this year. Now, coupled with over a dozen producing agencies, CIA is New Jersey’s fastest growing Agency Alliance.
“United Assurance adds so much to what we are trying to accomplish with our group. They bring decades of industry experience, strong carrier relations that complement our current offering and over $40M of premium volume,” said Michael Varvar, President of CIA. “We are thrilled to add such a large and prestigious Agency as a member,” Varvar added.
Thomas V. Perna, President of United Assurance, Inc. had this to say “The challenges we face as Agency Principals in today’s environment are similar. The retail insurance market is changing and making it more difficult than ever to increase profits. I knew the right alliance would ensure our ability to compete and grow effectively over the next 15 to 20 years.”
“I wanted an agent alliance which addressed concerns similar to ours, plus having the right carrier relationships and premium volume. After investigating several others, I discovered CIA,” said Perna.
“After meeting with the partners of CIA, I knew within the first five minutes that the business model CIA presented would benefit my agency best,” he said.
Consolidated, a New Jersey Corporation was formed by Varvar, Raymond Pavese and Michael McCormick of the Pavese McCormick Insurance Agency earlier this year. They built a program to directly address agent concerns in their state relative to customer retention and individual agency growth & profitability. The model allows agents to maintain their ownership and location. Due to its “agent friendly” process, CIA continues to find wide acceptance.
Members benefit through aggregation of premiums, larger commissions and enhanced profit sharing. They also get access to additional markets without large volume commitments. This provides higher customer retention and means closing more new business opportunities, allowing hometown Agents to remain viable and stay in the communities they serve.
CIA is currently accepting applications from like-minded agents for equity and producing partner opportunities in strategic geographic locations throughout New Jersey.
To learn more about the program the CIA website address is: www.consolidadedinsurancenj.com.