The independent insurance brokerage firm added 15 new employees in 2015
XS Brokers announced this week that in 2015 the firm recorded its highest gross written premiums in its 37-year history. The independent wholesale brokerage firm says it recorded $108 million in gross written premiums, resulting in a 13% increase year over year and the highest on record for the family-owned firm. In addition, total new business in 2015 accounted for a record $33 million.
We are pleased that our brand has resonated with our retail agency partners and clients to whom we owe a great deal of thanks for partnering with us,” said Adam Devine, CEO & President of XS Brokers. “Our growth has been purposeful and well managed, focused on a high level of client service.”
Founded in 1978, XS Brokers is headquartered in Quincy with an additional branch in West Hartford, CT. The firm represents more than 50 admitted and approved markets and has binding authority for ten companies. It is currently one of the largest independent insurance brokerages in New England.
President & CEO Adam Devine credits much of the brokerage firm’s expansion to the organic growthof its retail partners as well as the formation of XS Specialty Brokerage. XS Specialty Brokerage focuses on medium to higher hazard General Liability, Umbrella, Professional and Management Liability as well as Environmental risks.
As a result of last year’s growth, the firm also moved in 2015 to larger quarters at historic Patriot Ledger Building in Quincy Center shown above.
Looking to hire more in 2016
With transactions at the wholesaler up 22% for the year, the company which already added 15 new employees to the firm in 2015, plans on expanding even more in 2016.
According to Mike McKinley, Chief Sales Officer at XS Brokers, “One of our 2016 strategic approaches is to hire, train, and retain the best people we can find, developing a future pipeline of candidates through our XSB Sales Internship Program. As the top leading independent insurance wholesaler in the New England, our responsibility is to try and give back to our industry and help foster the future generations who will be leaders and work associates in our industry. Our goal for the industry is to attract, educate, teach and lead the best talent in the regions of which we choose to operate.”
“We have always invested back in our company, from hiring and retaining the best talent in the industry, to our office space and cutting edge technological capabilities,” adds President & CEO Devine.
Finding out more about opportunities at XS Brokers?
With that in mind, for those interested in finding out more about XS Brokers, they should contact Mr. McKinley at: