Services

Wellington Financial Services is the group’s flagship service company which offers customized financial services to insurers, reinsurers, pools, government entities and Managing General Agencies. Services range from program administration, run-off management, forensic accounting, expert witness testimony, full front-end and back-end information technology system design, SOX compliance reviews to multi-discipline program audits from a claims, information technology, accounting and underwriting perspective.

Wellington Financial Services has participated in numerous notable activities including:

Regulatory and Compliance Relations - Conducted over 100 underwriting transactional claims and SOX procedural audits.
Unicover Administration - Currently provide reinsurance accounting and contract administration for 87 ceding and 367 retrocessional reinsurance agreements.
Texas FAIR Plan Administration - Managed the underwriting, policy issuance, claims management and statistical reporting. Designed and host TFPA web-enabled front-end agency submission and agent verification system.
Runoff Services - Managed over $1 billion in ongoing runoff administration from 26 individual programs. Successfully completed 10 full IT systems conversions from varied platforms.
Premium Finance - Provide open market insurance premium financing and, with an exclusive endorsement, provide cost-advantaged financing for policies written by the Texas Windstorm Insurance Association—a quasi-governmental entity with over $70 billion in exposures.

The Wellington advantage is in its people, systems and location. It is a fundamental truth that our assets walk in and out of the door every day. Of the approximately 100 insurance professionals that make up the Wellington team, the group enjoys numerous credentialed persons including four licensed attorneys, seven certified public accountants, eight degreed accountants, eleven multi-lines, multi-state licensed claims adjusters, twenty insurance and reinsurance underwriters and seven senior program developers. Operating a financial service business in Fort Worth, Texas, where the cost of living and overhead expenses are less than most major metropolitan areas, enables Wellington to pass lower cost solutions to its clients.

Customers of Wellington Financial Services include some of the most reputable industry brands such as American Re, Cigna, Everest Re, Fairfield, First Mercury, Folksamerica, General Re, GE Employers Re, Lumberman’s Mutual, Odyssey Re, State National Companies, The Texas FAIR Plan, The Republic Group, W.R. Berkley Underwriters, Swiss Re, and the Texas Windstorm Insurance Association.