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Protecdiv: First Minority-Led Re/Insurance Broker Launches in the U.S.

January 21, 2020 GMT

PHILADELPHIA--(BUSINESS WIRE)--Jan 21, 2020--

Protecdiv, the first tier-one minority-led insurance and reinsurance broker in the U.S., has launched.

The Philadelphia-based company has been set up by experienced insurance industry professional Kael Coleman as a specialty U.S. Property and Casualty (P&C) brokerage with process, technology and diversity at the very center of its business model.

The broker has set an ambitious growth plan to reach $100 million in revenue in five years and aims to have the most diverse workforce in the industry. Protecdiv will also put technology at the core of its services, using modern data management and analytics.

Protecdiv will target Fortune 2000 clients, government and government-related entities to provide insurance solutions. Protecdiv will also provide P&C reinsurance to large and specialty insurers and deliver credit risk transfer services to U.S. public entities including government-sponsored enterprises, mortgage insurers, banks and other asset holders in the mortgage markets.

Protecdiv’s business model addresses the demand for greater diversity among U.S. supplier bases.

“We will be the only minority-owned insurance and reinsurance broker that will universally qualify as a tier-one broker for Fortune 2000 companies,” said Mr. Coleman, Founder and Chief Executive Officer of Protecdiv .

Prior to Protecdiv, Mr. Coleman led the global mortgage reinsurance team at Willis Re, the reinsurance arm of Willis Towers Watson, and also spent time at brokerages Guy Carpenter and Holborn.

Ends

Issued by Rein4ce on behalf of Protecdiv.

About Protecdiv:

Protecdiv is a Property & Casualty insurance and reinsurance broker and Mortgage Risk Transfer advisor aiming to service large publicly-traded and privately-held companies, as well as government and government-related entities.

For more information, please visit www.protecdiv.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200121005664/en/

CONTACT: Sarah Hills

+44 (0)7718 882011

sarah.hills@rein4ce.co.uk.

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Protecdiv

Copyright Business Wire 2020.

PUB: 01/21/2020 09:26 AM/DISC: 01/21/2020 09:26 AM

http://www.businesswire.com/news/home/20200121005664/en