Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group, has rebranded and expanded its retail brokerage division presently known as Navigators Logistics Insurance Services to iTrade Risk & Insurance Services.
iTrade Risk & Insurance Services will offer select insurance and bond products focused on companies involved in freight forwarding, consolidation, third-party logistics and customs brokerage through its outlets operating in five cities.
Greg Kritz has been appointed to lead this initiative as division president alongside Greg Horun, VP National Sales, Ed Mascher, VP Surety Practice and West Coast Operations; Howard Jurofsky, VP Northeast Sales; and Jim Farrell, A VP Central Region.
In addition to distributing Navigators proprietary logistic products, iTrade will operate as a full service insurance agency giving customers the option to select from multiple insurance companies with products such as cargo insurance, bill of lading and warehouse legal liability, errors & omissions, customs surety, FMC/OTI bonds, and business insurances.
The agency will offer proprietary value-added services including iTrade Concierge, a service that connects small and mid-size logistics providers with both independent and in-house practice leaders who can offer guidance on a variety of non-insurance matters pertinent to the logistics trade.
The Navigators Group president and CEO Stan Galanski said that as a leading provider of logistics insurance and customs surety, the company’s customers expressed a strong desire for a fresh approach to servicing their insurance and risk management requirements.