Philadelphia, PA – Protecdiv is pleased to announce the hiring of David Castillo as Executive Vice President (EVP) and National Construction Practice Leader. In this newly created role, David will lead the strategic growth and development of Protecdiv’s Construction and Surety business, leveraging his extensive experience in the surety and risk management industries to enhance Protecdiv’s offerings in this critical sector. Read more
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it has executed its sixth and seventh Credit Insurance Risk Transfer™ (CIRT™) transactions of 2023. CIRT 2023-6 and CIRT 2023-7 in aggregate transferred $789 million of mortgage credit risk to private insurers and reinsurers. These transactions were brokered by Aon plc, a leading global professional services firm, and sub-brokered by certified minority business enterprise (MBE) Protecdiv.
Protecdiv CEO and Founder T. Kael Coleman talks to AM Best Best Insurance News & Analysis about the role of the ‘challenger broker’. In light of big ticket broking mergers, such as the recent Aon and Willis Towers Watson deal, challenger brokers can present a compelling alternative for clients looking for competitive options in the industry.