New England Coalition of Independent Agencies & Insurers Reaches $360 Million in Aggregate Premium
Renaissance Alliance Insurance Services, New England's premier network of specialty services for independent insurance agencies, celebrates the 10-year milestone of its founding. From its inception a decade ago, the coalition of independent insurance agencies now encompasses 85 agency members with a combined total more than 100 locations, three dozen insurers, and a broad array of insurance service providers and vendors. Renaissance Alliance represents a combined total of more than $360 million in commercial and personal lines insurance premium.
Bruce Cochrane. President and founder of Renaissance Alliance, notes that a decade ago and continuing today, the competitive pressure that banks and financial services posed to the independent agency was enormous, and fears of disintermediation abounded as online access to insurance products increased. "Ten years ago, we set out to redefine the future for the independent insurance agency. Rather than passively acquiescing to market forces, we set out to shape our own destiny." The stated mission of the Alliance was and continues to be providing member agents with significant market advantages, leading edge technology, and market differentiation; to provide carrier partners with profit, volume, and ease of doing business; and to deliver superlative insurance services to businesses, individuals, and families throughout New England.
Renaissance Alliance members maintain full autonomy as independent agencies. Cochrane states, "Member agencies secure the clout, economies, services, expertise, technology, and market access of a very large regional organization while still delivering the trusted, local personalized service that has been the hallmark of the independent agency system for generations."
On October 14-15, more than 400 Renaissance Alliance members, insurers and vendors are gathering for a two-day Annual Meeting in Newport Rhode Island to celebrate the decade of achievements and to map a path for the future. The theme for this year's meeting is "The Power of 10." Bruce Cochrane will deliver a "State of the Alliance" report, along with unveiling new growth and technology initiatives for members.