Clegg Insurance grows despite soft market as rates plummet

Clegg Insurance grows despite soft market as rates plummet

Clegg Insurance Group is on track to exceed their previous annual revenue figures for a fifth year in a row, despite the existence of a soft market throughout the insurance industry for more than two years.

Since May of 2013, the Florida-based insurance agency headquartered in Clearwater has experienced a 240 percent growth in revenue. During the same period of time, insurance rates decreased.

“As of right now, I’m excited to say that we’re closing in on our initial benchmark goal of $10 million in insurance premiums,” said Ryan Clegg, chief executive officer of Clegg Insurance Group. “I have no doubt that we’ll continue to grow, despite the current market conditions.”

According to the Insurance Journal, fewer catastrophic losses and an increase in supply capital have caused property and casualty premium rates to drop.

“This is certainly a buyer’s market when it comes to insurance and an excellent time to shop,” said Clegg. “If you haven’t recently considered looking into saving money with new insurance rates, you could easily be missing out as rates are down 15 to 20 percent.”

In what generally proves to be a difficult time for others in the insurance industry, Clegg Insurance’s growth is a testament to their leadership’s decision making and their customer satisfaction, Clegg says.

“Our success can be attributed toward strong organic growth, blended with calculated acquisitions,” said Clegg. “And our next goal is to become a destination for experienced insurance professionals looking for a fresh start with a fun approach to the business.”

In 2013, Clegg Insurance acquired Florida Insurance Partners in Safety Harbor, and in 2014 Clegg Insurance acquired Hopf & Hopf, a Tampa-based insurance firm.

Clegg founded his company in 2010 and his company now employs five people in the Tampa Bay area while looking to expand.

About Clegg Insurance Group
Founded in 2010, Clegg Insurance Group is a full service independent insurance agency serving the entire state of Florida. Clegg Insurance Group provides a tailored approach to each client’s unique insurance needs. With a specialization in property and casualty insurance, Clegg Insurance Group works with over 100 carriers to provide the most affordable options to their clients.

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