Meister Joins Sertis as SVP, Distribution Partnerships

Sertis, headquartered in Reno, Nevada, appointed Kurt Meister as senior vice president, distribution partnerships.

Meister has more than 36 years of experience in the insurance industry, including underwriting leadership, program management and broker relations. Previous roles include chief sales officer at Distinguished Programs; senior vice president, specialty division business development and marketing director at Distinguished Specialty; vice president, hospitality division P&L leader at National Specialty Underwriters; and senior vice president at Aon.

Mast Joins Alliant as SVP, Employee Benefits Group

Chris Mast joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president, producer within its employee benefits group serving expanding operations in the Rocky Mountain region.

Mast has more than 20 years of experience in consulting employers across various industries. Before joining Alliant, Mast served as a health practice leader at Mercer and as executive director, actuarial and analytics at Consortium Health Plans.

Venbrook Names Oakes Executive Vice President

Venbrook Group LLC, headquartered in Woodland Hills, California, named Christina Oakes as executive vice president of the company’s private risk practice division with the opening of a new West Coast office.

Oakes has more than 12 years of insurance industry experience. Most recently, Oakes was a personal risk specialist at USI. In her new role, she will be building out the practice and crafting risk management solutions for the company’s Private Risk client group of high and ultra-high-net-worth individuals. She will be based in Los Angeles.

 26th March 2024 – Author: Kassandra Jimenez-Sanchez

Managing general agency (MGA) Sertis has completed an oversubscribed seed funding round, raising $3.2 million for further growth in the multifamily insurance sector.

The seed funding round, the MGA highlighted, demonstrates recognition from the industry for its innovative software solutions and strategic business model, as well as Sertis’ ability to attract significant investment.

Mark Gardella, CEO of Sertis, stated: “This funding round validates our innovation, strategic business model, and vision to deliver a stable and affordable multifamily insurance market and continue to strengthen our relationships with top brokers and independent agencies nationwide.”

Leading the investment was JLL Spark Global Ventures, the venture capital arm of JLL, a Fortune 500 company specialising in commercial real estate services.

The inclusion of Ajey Kaushal, Senior Associate at JLL Spark, on Sertis’ board brings valuable industry insight and expertise, enhancing the company’s strategic direction, the MGA noted.

Kaushal commented: “The Sertis platform is a breath of fresh air in an industry that has struggled to effectively price and place risk. Commercial property owners that work with Sertis can finally be rewarded for the technology they deploy in the form of greater risk protection and lower premiums.

“ At JLL Spark, a core piece of our evaluation criteria is a company’s ability to drive a demonstrable ROI for their customer – that answer has never been clearer than with Sertis.”

The funding round had additional investments from BrokerTech Ventures and InsurTech NY, which also reinforce Sertis’ position within the insurance technology landscape, highlighting its potential for impact and growth.

Goal is to expand to all US states by 2026

Property

By Terry GangcuangcoFeb 13, 2024

Reno-based managing general agency Sertis, which plans to complete a full national expansion by 2026, has expanded into 32 states.

“Our continued expansion is a significant stride in our mission to revolutionize multifamily insurance in the US,” Sertis chief executive Mark Gardella said in an emailed release.

“Our advanced technology and property management platform equips brokers and agents to overcome longstanding challenges of premium affordability and stability, ensuring top-tier coverage for professionally managed properties.”

Sertis products are now available in Arizona, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Idaho, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Montana, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.

The MGA currently specializes in multifamily property, general liability, and equipment breakdown coverage for property owners with garden-style apartment buildings.

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Sertis further expands to bring affordable and stable multifamily insurance to agents and brokers with plans to expand to all states by 2026.

RENO, Nev., February 13, 2024 (Newswire.com) – Sertis, a leading managing general agency (MGA) in the multifamily insurance market, announces its expansion into 32 states across the U.S. This move marks a significant step in transforming the insurance landscape for brokers and agents, while significantly benefiting property owners with more stable and affordable insurance.

Leveraging proprietary risk assessment technology integrated with a leading property management platform, Sertis enables brokers and agents to provide competitively priced, risk-accurate insurance coverage and unifies property management across multiple locations. Property owners gain immediate visibility into their property managers’ activities in a single dashboard.  

For brokers and agents, Sertis simplifies the provision of master insurance programs, especially beneficial to clients with distributed properties. The company is offering multifamily property, general liability, and equipment breakdown coverage to property owners with garden-style apartment buildings and plans to expand to provide comprehensive coverage to many other types of structures. 

The company’s multifamily insurance products are now available in 32 states, including Arizona, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Idaho, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Montana, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming. Sertis plans a full national expansion to be completed by 2026.

Backed by an AM Best A-rated insurance company, Sertis stands as a reliable, long-term partner for growing multifamily insurance portfolios. The company’s expertise in the property and casualty insurance market, combined with its innovative risk management technology, delivers precise, data-driven underwriting, effective risk mitigation, and highly competitive premiums.

Mark Gardella, CEO at Sertis, states, “Our continued expansion is a significant stride in our mission to revolutionize multifamily insurance in the U.S. Our advanced technology and property management platform equip brokers and agents to overcome long-standing challenges of premium affordability and stability, ensuring top-tier coverage for professionally managed properties.”