SOURCE: Wholesale Trading Co-Op

Wholesale Trading Co-Op

September 21, 2010 13:25 ET

John Jennings Joins Wholesale Trading Co-Op as President and CEO

SAN FRANCISCO, CA--(Marketwire - September 21, 2010) - Wholesale Trading Co-Op LLC ("WTC") announces John Jennings has joined the firm as President and CEO. Mr. Jennings is an experienced wholesale brokerage industry veteran and will lead the WTC founding team managing retail broker members and key specialty insurance markets across the country.

WTC collaborates directly with its retail insurance broker members to develop a comprehensive placement strategy to better serve clients, increase transparency between the retail broker and specialty insurance markets, reduce frictional costs, and develop exclusive programs and binding authority facilities for its owner members. In addition to San Francisco, offices are located in New York and Atlanta.

WTC is independently operated and managed by a highly skilled team. Mr. Jennings, who brings extensive wholesale brokerage experience from a senior management perspective, states, "I am excited by the response that our company has received from both the retail insurance brokerage community and specialty insurance carriers. This is a business model that obviously makes sense, and I am looking forward to working with our retail broker members to create a very effective partnership. We started this company with a highly experienced staff and we will continue to add leading insurance industry professionals as we grow."

Jeff Cappel, General Partner of Islington Holdings LP, a financial sponsor of WTC, commented, "We are very fortunate to have someone with John's experience to lead our new firm. He will be instrumental in bringing together top wholesale brokers to work for our retail members, and create value for all WTC stakeholders through a long-term commitment to the business."

A natural leader, Mr. Jennings served as the Chairman of the Council of Insurance Agents & Brokers Wholesale Working Group. Prior to WTC Mr. Jennings was President of Crump Insurance Services, Inc., where he led the successful integration of the BISYS commercial insurance operations into the Crump organization. Before joining Crump, Jennings was the President of BISYS Commercial Insurance Services, Inc., which had acquired Tri-City Brokerage, where Jennings served for 15 years, also as President. 

John Jennings can be reached at:

Wholesale Trading Co-Op Insurance Services, LLC
123 Mission Street - 26th Floor
San Francisco, CA 94105
Direct: 908-419-5390
Fax: 415-284-9954

About Wholesale Trading Co-Op
Wholesale Trading Co-Op Insurance Services LLC ("WTC") is a boutique wholesale brokerage firm that serves approximately 30 of the largest privately-held retail insurance brokers in the US. The firm is owned jointly by its retail insurance broker members, WTC executives, its sponsors and select financial partners, including Islington Holdings LP. WTC will begin placing business in the early fall of 2010 with 5-7 founding retail insurance broker members. WTC is licensed in all 50 states.

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