Plover, a tech-enabled commercial insurance brokerage, announced it has launched operations helping brokers obtain solutions for climate and emerging risks. Plover works on bringing specialty products to disrupted markets, specializing in wildfire, flood, wind, and other perils where admitted carriers continue to pull back.
Launched in 2022, Plover has also secured over $5 million in funding. The funding will be used to expand the company’s brokerage team, invest in the software automation of Plover’s broking process, and support Plover’s growing program business.
Plover announced the appointment of Brendan Beeg to head up its specialty brokerage. Beeg will serve as Plover’s Senior Vice President of brokerage and brings a decade of experience in the insurance and brokerage sector with a proven track record in the parametric risk space. Plus, his deep understanding of underwriting appetites and use-case scenarios will be essential as Plover expands its broker partner network and optimizes client outcomes.
KEY QUOTES:
“The insurance industry is at a crossroads. The increasing severity of climate events, permissive building practices, and regulatory challenges have broken the insurance markets in much of the US. Mass admitted non-renewals in flood, storm and fire-prone areas are now common. When admitted markets pull back, E&S products need to be readily available to fill these gaps. We founded Plover to grow the market for specialty insurance that can keep American companies protected and open for business.”
- Max Clarke, CEO and Co-founder of Plover
“I am excited to lead the specialty broking operation during this exciting phase of innovation and demand. We will set new standards for service excellence and equip our broker/carrier partners with the objective information they need to execute quickly and deliver exceptional results. Broker partners can expect to see higher client retention rates, new revenue production, RFP success, and reduced service expenses through the outsourcing of challenging property renewals to the subject matter experts at Plover.”
- Brendan Beeg
