17 July, 2018
Atlanta, GA – Rhodes Risk Advisors, an Atlanta based commercial property and casualty insurance brokerage, closed Q2 of 2018 with the largest new business month seen over the trailing twelve months. The success was spread across several core industry verticals, and further displayed specific industry expertise leading to cost savings and program enhancement for their clients. “We were excited to see such significant new business growth in the 2nd quarter, and our growth in the month of June has set a new bar for success heading into the second half of the year.” commented Mike Davis, President of Rhodes Risk Advisors.
Highlights from the Second Quarter of 2018 Include:
Multifamily & Real Estate
Continuing momentum within the specialization of multifamily real estate, Rhodes secured a new client with over 3,500 units and $350M in TIV. This portfolio consisted of class A & B properties located throughout GA, NC, & SC and experienced a significant cost reduction over expiring despite a still volatile property marketplace.
Within the hospitality practice, coverage was placed for a hotel portfolio consisting of five properties, 1,252 keys, and $310M TIV with locations across the country in AZ, FL, LA, IL, and MN. By utilizing program leverage, the placement not only enhanced coverage but provided cost savings of 22% to the client.
Another addition within the hospitality vertical was a craft brewery located in Decatur, GA. By working directly with the client on their exposure analysis, a comprehensive risk management package was created including Workers Compensation, D&O, Property, General Liability and Cyber coverage.
Comprehensive coverage was secured for a new client based in Georgia who specializes in various communications platforms including voice, internet, television, and security based systems. Specialized program access and market knowledge allowed for a streamlined insurance placement and cost savings.
Workers compensation coverage was placed for an architectural firm specializing in commercial and digital sign manufacturing and installation. Rhodes leveraged this quickly growing company’s scale to not only provide the most cost-effective program, but also create an operationally efficient workers compensation structure.
About Rhodes Risk Advisors: Rhodes Risk Advisors exists to protect their clients using the most innovative and comprehensive risk management solutions allowing them to focus on the continued success of their business. Based in Atlanta, GA, Rhodes provides property and casualty insurance brokerage and consulting services to middle market businesses. Rhodes specializes in providing unique and comprehensive insurance solutions to the Real Estate, Non-Profit, Construction, Film and Entertainment, Technology, Hospitality, Aviation, and Professional and Financial Service industries.