This month, QEO Group, LLC, announced a new business relationship with Clear Blue Financial Holdings, LLC. This exclusive agreement will see QEO write its commercial automobile insurance program on Clear Blue’s carriers: Clear Blue Insurance Company and Clear Blue Specialty Insurance Company.
“We are very excited to announce this exclusive relationship for QEO to write its commercial auto program with Clear Blue,” said Jerome Breslin, Clear Blue’s Chief Executive Officer.
QEO Group, LLC is a privately owned, full-service Managing General Agency (MGA) that offers commercial automobile insurance through a network of independent agents. The relationship with Clear Blue provides QEO with nationwide exclusivity to write its commercial automobile insurance program for five years, providing the MGA the ability to sustain its growth for the coming years and to do so as the exclusive provider of commercial automobile insurance for Clear Blue.
“This is a tremendous opportunity for QEO and its appointed agents,” said David Disiere, QEO’s Chief Executive Officer. “The agreement with Clear Blue, among other things, allows QEO to avoid any market confusion and channel conflicts for its agents and their customers.”
Clear Blue Financial Holdings, LLC is a privately owned company, which offers fronting and related services to the U.S. insurance marketplace through its wholly-owned subsidiaries. Clear Blue Insurance Company, an Illinois domiciled insurer, and Clear Blue Specialty Insurance Company, a North Carolina domiciled insurer, are headquartered in Charlotte, North Carolina, and AM Best rated A- (VIII).
Clear Blue recently added $42 million of capital from its private equity backer, Pine Brook, to support this new growth. Pine Brook is an investment firm that manages more than $6 billion of limited partner commitments that makes “business building” and other equity investments, primarily in energy and financial services businesses.
With the new relationship in place, QEO sees a clear path to even greater success. “QEO could not be more excited about this relationship,” said David Disiere, “and the opportunities that it provides to fuel QEO’s future growth and success”.
For more information ab out QEO Group, LLC, visit www.qeo.com.