Crestbrook Insurance Company, an affluent market personal lines carrier from Nationwide Insurance, announces its expansion into the southwest US states of Texas and Nevada. Independent insurance agents and brokers appointed with Crestbrook are now able to offer its products and services to their affluent clients. Crestbrook provides customizable insurance solutions for home, auto, collections, personal excess liability, secondary residences and additional exposures that become more complex as wealth increases.
“We have been quite successful in our targeted appointment and launch strategy and feel confident that Texas and Nevada will prove to be ideal next steps for the business,” said Crestbrook President Jim Pedersen. “These states have unique affluent markets that vary between cosmopolitan metro area, suburbia and expansive ranch – each with distinct coverage needs.”
Crestbrook supports its independent agency partners with well-defined product differentiation, seasoned insurance professionals with affluent market experience, and a commitment to ease of doing business. In building its policy administration system, Crestbrook Innovations (CBI), the company developed a platform that allows agents to rate, quote and issue a policy in real time. In addition, Crestbrook provides high-touch, concierge-style services and benefits such as:
- Equipment Breakdown Protection
- Identity Theft Assistance
- Risk Mitigation strategies
- Travel Assistance
Crestbrook is now writing business in Arizona, California, Illinois, Indiana, Nevada, Ohio, Oregon, Texas and Washington, with plans for expansion into 5 additional states during the first quarter of 2015. The company currently employs more than 120 associates throughout the country with localized claims, sales and underwriting professionals in targeted geographic regions.
