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Wellington Financial Services specializes in providing, on a bundled or unbundled basis, third party administration services for insurance entities seeking outsourced solutions. Our “virtual company” platform is one by which services are provided by Wellington to insurance and reinsurance entities in a fashion which is undistinguishable by the customers and sometimes, employees of our clients.
From business plan development, licensing, product design and pricing, distribution build-out, underwriting, policy administration, money management, GAAP and STAT financial reporting, information technology hosting management and claims administration, Wellington Financial Services creates customer-specific solutions with an unparalleled value proposition.
Wellington maintains varied expertise but has had specific experience offering services for residential property, private passenger automobile, commercial automobile, occupational accident, primary employer’s indemnity, motor truck cargo, garage liability and commercial general liability lines of business. Jurisdictional experience includes AL, AZ, CA, CO, FL, GA, LA, ME, MI, MS, NV, NJ, NY, PA, SC, TN, TX, VA and WA.
Wellington’s most recent endeavor is the administration of a comprehensive program for Texas Non-Subscribers on behalf of First Mercury Insurance Company. A Texas employer can “opt out” or choose not to subscribe to worker’s compensation. First Mercury offers four different insurance policies designed specifically for Texas employers that non-subscribe.