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2009 Year in Review
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Sixty years ago, after many years and roles with insurers and
other agencies, Russell Bond ventured out to start his own
retail agency. By 1952, he found most of his time was spent
helping other retail agencies place business. He and his wife
Marjorie chose to change their focus and act exclusively as
wholesalers. Mr. Bond prided himself in being a problem solver,
rather than merely acting as a conduit to markets the retail
agent could not access directly.
I joined the firm in 1972 and completed the purchase of the
company in 1983. As I plan for succession, my vision is to keep
the legacy intact and we have established an ESOP. Although I
plan on being involved for many more years, the ESOP has allowed
me to begin selling the company to the next generation of
owners, our employees.
2010 is our 60th Anniversary
and I extend my sincerest thanks to all the retail brokers,
insurance markets, reinsurers and other service providers who
have worked with us over the years. I believe our continued
growth in these uncertain times is a testament to Mr. Bond’s
philosophy that we proudly continue to this day.
Our staff has grown to 49 who work from three offices. Our technology also allows several others to work from
home. We regularly access over 75 markets, writing admitted
business in 36 states and E&S in 25 (DC and FL are now
available.
SEE MAP). We are a full service wholesaler
offering traditional E&S business under underwriting
authorities, on a brokerage basis, as well as access to a number
of standard lines admitted markets.
Our Team structure assures that you are dealing with someone
well versed in the coverage, options, markets and procedures
needed to help you place the account.
It worked this year with revenue from operations up 20% this
year!
We charge additional fees ONLY when necessary and usually at a
rate lower than most competitors. Our in-house financing arm
Access Funding
LLC helps you remain competitive and can speed
the binding process. Our
Click A
Quote/Cert has captured the imagination of our
clients, many of whom like the 24 / 7 access to quoting some 40
coverages in 10 states, plus the ability to generate
Certificates online.
Our goal is to earn your business. We are not just looking for
submissions, but rather seeking to understand your plan and show
you how our staff and markets can simplify the marketing,
placement and handling of your business.
I am pleased to announce two well-deserved promotions.
Derek
Bucciferro has been promoted to Senior
Underwriter. In the 10 years, Derek has been with Russell Bond
he took responsibility for Transportation and Workers
Compensation Products and through his knowledge and respect
earned with the Markets, has developed one of Russell Bond’s
fastest growing and largest teams. Margie Arnold
has been promoted to Assistant Vice President- Controller.
Margie’s vast insurance knowledge, as well as her
long tenure with us has made a difference in our Accounting
department being able to keep up with technology and the
continued growth. I would also like to announce that
Kim Thome,
Claim Administrator has completed the Associate in Claims
(AIC) Congratulations as
well to Robin
Stadlmeir, who has completed her BS in
Accounting/Business Administration from Hilbert College.
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Kurt C. Bingeman
CPCU, ASLI, RPLU, CIW
President |
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866 Ellicott Square Bldg.
| 295 Main Street. | Buffalo | NY
| 14203
1670 Whitehorse - Hamilton Square Road | Hamilton
| NJ | 08690
233 College Highway | Southampton | MA
| 01073
800.333.7226 |
www.RussellBond.com | Fax: 800.677.6779 |
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