H.W. Kaufman Group has introduced that it’s rebranding its New York-based World Extra Companions (GEP) as RB Jones Property, creating a brand new division throughout the RB Jones model. GEP will mix its property insurance coverage enterprise with RB Jones to increase its companies for brokers, brokers and wholesale companions, H.W. Kaufman Group mentioned.
“H.W. Kaufman Group is happy so as to add RB Jones Property to our portfolio of rising specialty merchandise given its distinctive capability to position difficult property dangers,” mentioned Alan J. Kaufman, chairman and CEO of H.W. Kaufman Group. “This strategic transition not solely expands RB Jones’ choices, it additionally additional strengthens GEP by means of the RB Jones model and holistically enhances their experience, operations, efficiency and capabilities.”
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H.W. Kaufman Group acquired GEP in 2013 to strengthen its property capability and experience. RB Jones will proceed to service and concentrate on areas together with giant property schedules, middle-market property and flood.
“RB Jones has been in enterprise for greater than 115 years and is named a staple within the specialty threat enterprise,” mentioned Brendan Prepare dinner, vp and managing director at World Extra Companions. “Rebranding World Extra Companions as RB Jones Property is a superb alternative to extend our market positioning as a most well-liked associate and to proceed to carry our unique merchandise to insurance coverage brokers and brokers.”
Prepare dinner, together with Carolyn Relter, affiliate managing director of GEP, will stay of their current management roles in RB Jones, heading up the brand new property division.