Insurance Office of America Broker Tony Spina Recognized as a 2024 Captives Power Broker

Tony Spina, Commercial Lines Producer, IOA

Construction temp and staffing agency Tradeco Construction’s insurance was previously written directly by an underwriter. The problem, however, was that its coverage didn’t meet its specific needs.

So the company approached Tony Spina to look at some options. After assessing Tradeco’s insurance requirements, Spina proposed switching to a captive account and provided a comparative analysis to show the equity that would have been gained if it had established a captive policy five years earlier.

Another client, employment agency HyR-Up Solutions, decided to engage Spina’s services to help it maximize the equity in its captive program. He worked closely with the client to ensure its profits were being maximized and renewed its client list, finding many class codes that had been incorrectly applied.

After fixing the errors, his client achieved considerable annual premium savings.

Erin Jarnebro, risk manager at HyR-Up, said, “Tony is absolutely fantastic at showing up and helping us along the way, making sure that we understand the best way to do something.”

There is seemingly no end to Spina’s talents. He also helped Jeffrey Kubas, president of Wage Solutions, to use the company’s captive to establish a new entity that would ensure a seamless transition for any future transition of ownership.

Moving forward, the entity will accumulate equity while the family business will retain its historical equity and liabilities.

All 2024 Power Broker Winners

2024 Captive Power Broker Winners and Finalists

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What is a Power Broker?

A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they have delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.

Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.

Who selects the winners?

Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.