The newly formed commercial wholesale insurance broker Mercator said it is adding staff nationwide and has just named John Cleary and Nick Bozzi as senior vice presidents.
Mercator in New York said it has $20 million in new venture capital and aims to bring more cost transparency to the fee structures of the brokerage industry.
The company said Mr. Cleary will lead its Casualty Construction and Real Estate Practices, and be responsible for building and leading Mercator's Casualty teams that specialize in placements for construction and real estate risks–including contractors, development projects and residential real estate.
Prior to joining Mercator, Mr. Cleary was the New Jersey branch manager for Peachtree Special Risk, a wholesale broker. He has more than 25 years of industry experience, Mercator said.
Mr. Bozzi will act as senior vice president and regional client relationship manager for the Northeast. Prior to joining Mercator, Mr. Bozzi was the Northeast marketing executive for Crum & Forster, a Fairfax Company. Mercator said he has more than 20 years of client executive and business development expertise in the commercial insurance industry.
Mercator, an independent insurance wholesaler, said it is building operations throughout the nation that provide wholesale and specialty insurance solutions for mid- to large-sized retail insurance brokers, through "an innovative, team-based business model" for wholesale insurance placements.
The company said its model is built around broker specialization, customer service and transparency.
More information is online at www.mercatorrisk.com or by telephone at 877.856.RISK.
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