CPro Associates, Inc., has spun off its Binding Authority and Programs unit as a new entity, B&H Risk Services, Inc., with William E. Buckley as CEO.
Online PR News – 05-June-2014 – CPro Associates has executed its strategy to spin off its property and casualty division as a new entity, B&H Risk Services, Inc., which offers all forms of property and casualty coverage and risk management services.
B&H Risk Services is headed by William E. Buckley, President, who brings more than 25 years of commercial insurance experience in surplus lines, specialized programs, primary and reinsurance to the task. Buckley joined CPro Associates last year to start up a scratch binding authority operation, with the objective of spinning off the department as a separate, allied company.
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We planned from the outset to spin off this business, but it has developed much faster than we anticipated, CPro Associates CEO Alan Hardin said. CPro has developed a strong position in workers’ compensation and will continue to build that business, while B&H handles the property and casualty business.
Initially, B&H is focusing its binding authority, brokerage and program business in Texas, Oklahoma, Louisiana and Arkansas. Several planned acquisitions will expand that footprint nationwide. Presently, the company has more than 25 providers under contract to provide one-stop shopping. A staff of veteran commercial insurance agents and underwriters provides personalized service to create customized plans for the commercial insurance agencies B&H Risk Services serves.
Our fast start tells us people like our long-term approach to business, Buckley said. We are providing commercial agents access to worldwide markets and vastly increased efficiencies so they can be more productive and profitable. Our motto is, faithful partnerships yield amazing results.
The decade prior to founding B&H Risk Services Buckley served as President and CEO of G. J. Sullivan Company, an excess and surplus lines brokerage in Orange County, Calif. He led that company to double-digit, year-on-year premium and revenue increases through organic growth and acquisitions.
About CPro Associates, Inc.
CPRO Associates, Inc., is a general agency serving commercial insurance agencies nationwide with access to superior products and markets for workers compensation. CPRO provides personal service, quick quotes, fast policy issue and the highest commissions in the industry. For more about CPRO please visit http://www.cproassociates.com.
“We planned from the outset to spin off this business, but it has developed much faster than we anticipated. CPro has developed a strong position in workers compensation and will continue to build that business, while B&H handles the property and casualty business.”