SOURCE: Wholesale Trading Co-Op (WTC)

Wholesale Trading Co-Op (WTC)

September 02, 2010 18:59 ET

Les Ross Joins Wholesale Trading Co-Op as Managing Partner

SAN FRANCISCO, CA--(Marketwire - September 2, 2010) -  Wholesale Trading Co-Op LLC ("WTC") announces the addition of wholesale brokerage industry veteran Les Ross as Managing Partner in San Francisco.

Mr. Ross becomes the latest member of the WTC founding team working with retail broker members and key specialty insurance markets across the country.

WTC works directly with its retail insurance broker members to develop a comprehensive placement strategy to better serve clients, increase transparency between the retailer 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 will initially be located in New York and Atlanta.

WTC is independently operated and managed by a highly skilled team including Mr. Ross who brings extensive wholesale brokerage experience.

"Contrary to what is happening in the current wholesale marketplace, the WTC business model places business control and relationship leverage back where it has always belonged -- with the client and their retail broker," said Mr. Ross. "WTC enhances this synergy with the direct alignment of client / broker needs and interests with those of high quality specialty carriers."

Prior to WTC, Mr. Ross was an Executive Vice President of Crump Insurance Services, Inc., where his responsibilities included the firm's national carrier relations and product development initiatives. Before joining Crump's legacy Tri-City operation in New York in 1995, Ross was a principal for many years with an underwriting management and wholesale brokerage firm also located in New York City.

In addition to serving as the current Chairman of the Surplus Line Association of California, Mr. Ross has been President of the Professional Insurance Wholesalers Association of New York State, an officer and Board Member of the Excess Line Association of New York and has served on various committees of the National Association of Professional Surplus Line Offices.

Mr. Ross holds a B.A. degree from Penn State University where he was elected to Phi Beta Kappa.

Les Ross can be reached at:

Wholesale Trading Co-Op Insurance Services, LLC
123 Mission Street - 26th Floor
San Francisco, CA 94105
Direct: 415-356-3960
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 by the end of 2010 with 5-7 founding retail insurance broker members. WTC is licensed in all 50 states.

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