HUB’s new nonprofit specialty practice formalizes its capabilities in serving the distinctive danger administration, insurance coverage, and human capital wants of associations, arts and cultural entities, foundations, public advocacy, spiritual, and different charitable organizations.
“HUB has a long-proven monitor document of efficiently aiding nonprofit organizations and making a new nonprofit specialty practice formalizes our work on this space,” stated HUB CEO and president Marc Cohen. “Nonprofits face distinctive operational, monetary, and governance challenges, and our specialised brokers will assist them flourish by providing proactive session and recommendation to guard towards all elements of their danger.”
Chris Treanor, HUB president of packages & specialties, added that having a devoted practice allows the agency to construct out extra specialised merchandise, develop provider relationships, and supply industry-specific built-in P&C, worker advantages, and retirement options.
“It is a distinctive sector of the financial system with distinctive wants, and we’re excited to offer particular providers to gasoline its success,” Treanor continued.
Scott Konrad, nonprofit insurance coverage veteran at HUB, will lead the new nonprofit specialty practice. He’s a nationally acknowledged creator and speaker on nonprofit danger administration themes with direct expertise as a servant chief of nonprofit civic, spiritual, {and professional} organizations, together with the Nonprofit Danger Administration Middle’s Company Advisory Council. In his new function at HUB, he can be liable for galvanizing the agency’s a long time of nonprofit consumer expertise, {industry} relationships, and sector engagement to develop modern insurance coverage, danger administration, and human capital merchandise and options.
“Nonprofits face growing strain to display operational effectivity and prudent stewardship, which implies maximizing worth at each flip – in decreasing danger, safeguarding their belongings, and taking good care of their folks,” Konrad stated. “We perceive the charitable sector’s challenges, wants, and temperament and use our expertise and sources to sort out points resembling board safety, expertise recruitment and retention, volunteer danger administration, and extra. By lightening the burden for busy nonprofit leaders to allow them to deal with mission, we’re an efficient catalyst for the better good.”
The announcement of HUB’s new specialty follows the launch of its new product for condominium and house owner associations.
