First Minority-led Reinsurance Brokerage Launches in U.S. – PropertyCasualty360

During his time at Willis, Kael Coleman (pictured above, left) says he recognized that there was a significant demand for supplier diversity from Fortune 1000 and government entities. Eventually, he thought, “why couldn’t we create a company that has the expertise, the market access and infrastructure to help the market achieve its supplier diversity goals?” (Photo: Protecdiv)
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By Denny Jacob

Protecdiv, the first tier-one minority-led insurance and reinsurance broker in the United States, has launched in Philadelphia.

Led by founder and CEO Kael Coleman and Chief Operating Officer Paul Little, Protecdiv plans to target Fortune 2000 clients with an initial focus on auto manufacturers, suppliers and financial institutions. They will work with these large publicly-traded and privately-held companies as well as government and government-related entities to provide specialty insurance solutions.

In the reinsurance sector, the company will focus on providing risk transfer solutions to large and specialty insurers. In the mortgage markets, the broker …

Keep reading this article at Supplier Diversity Roundup.