Our network serves agencies of all shapes and sizes.
Ironpeak works best for independent agencies that aren’t satisfied with ‘average’ results.
Are we a good fit for you?
Roy Finkelman, President of The Egis Group in Warwick, Rhode Island, consistently endorses Ironpeak because the financial upside has exceeded his expectations. “Joining Ironpeak in 2009 is the best decision we made for the agency since our founding in 1975. Of course, Ironpeak provides new markets when needed at manageable production thresholds. More importantly though, Ironpeak’s bonus programs have helped the agency outperform in the contingency area resulting in bonus checks that are consistently 50% or greater than what the agency could earn standalone. In some years, when new business incentives are included, we have earned triple the bonus revenue with some of our partner carriers.
The Egis Group researched and evaluated the Ironpeak contract and the Market Alliance program in great depth before becoming a member. Now 10-plus years into the relationship, the agency has partnered with Ironpeak with the majority of their carriers. Between Market Alliance carriers, direct appointments, and Specialty Access carriers, the agency boasts 15 growing and profitable shared carrier relationships with Ironpeak, all contributing to the agency’s organic growth strategy.”
According to Kathy Patenaude, the agency’s regional manager, “I have thoroughly enjoyed working with this multi-generation agency. Roy and his two sons are focused on sales, maximizing revenue and increasing their bottom line. The agency has taken full advantage of many Ironpeak’s programs, such as book consolidations, carrier incentives, and participating in Ironpeak Exchange which has led to purchasing members that were looking to sell. It is exciting to partner with the next generation as we move into the future together.”
The Andrew Agency started from scratch in Richmond, Virginia, and joined Ironpeak in 2014. “We are a fast-growing agency writing profitable business. Our partnership with Ironpeak allows us to qualify for profit-sharing and gain access to markets giving us a competitive advantage,” said the agency president, Ryan M. Andrew.
In 2014 the agency created a Market Alliance with several carriers, and in the spring of 2016, it received the highest profit-sharing bonus since inception. “Ironpeak has allowed our agency to reach new levels and we greatly value our partnership,” said Mr. Andrew.
In 2010, Peter Frank of the Peter Frank Agency joined Ironpeak South. Since that time, Peter has taken advantage of all that Ironpeak has to offer. Peter has worked with his regional manager and managing partner to take a deep-dive approach to uncover multiple partnership opportunities.
Peter values all that Ironpeak has to offer. He shared that, “Ironpeak has been a great fit for the agency. Not only is it a user-friendly organization, the Ironpeak team has worked with our team to capitalize on market alliances which have increased insurance agency revenue; to identify new carrier relationships that support our growth; to participate in producer hiring and financing; and stepped up to assist with carrier and account guidance. Our Ironpeak regional manager has been a real asset to our partnership.”
The insurance agency has grown organically and through acquisition over the last few years with a combined total written premium of $6 million. As the insurance agency grows, they continue to work with Ironpeak to find additional partnership opportunities. With eight shared carriers generating enhanced revenue, Ironpeak’s relationship is thriving as the agency continues to graduate up the PartnerPlan®.
The agency’s regional manager states, “Peter is highly energetic with a solid business plan. He understands the Ironpeak value proposition and has taken advantage of the benefits of an Ironpeak member. Peter has enhanced his insurance agency value through market optimization and increased revenue opportunities. I look forward to working with Peter and his team to grow the agency to the next level.”
