(Image source: FTP of California homepage.)
Topa Insurance Group, a Calabasas, Calif.-based personal and commercial lines insurer, has announced a new proprietary and exclusive commercial property program with FTP of California, an MGA with offices in San Diego and Fresno. Available in several states nationwide, the program offers monoline property on a primary and full-limit basis. The program focuses on risks with values up to $50 million. FTP of California is run by Managing Partner Lee Glaser, who specializes in underwriting, placing commercial property risks, and developing short-tail and difference-in-conditions (DIC).
“We are excited to enter this partnership with FTP of California,” comments Denise Pavlov, SVP, COO, Topa Insurance Group. “Their expertise and value in the markets they serve are two of the many reasons we created this exclusive program with them. We look forward to working with Lee and his team.”
In addition to writing post-loss business, target classes for the program include apartments, hotels and motels, lessor’s risk only properties, offices and retail space, as well as vacant properties.
“This strategic partnership with Topa is pivotal to FTP of California and will allow both companies to write quality E&S commercial property business,” comments Glaser. “The program provides us the ability to underwrite challenging accounts for our distribution.”
FTP of California is a subsidiary of FTP Inc. (Old Bridge, N.J.), an independently owned and operated insurance wholesaler founded in 1957.