First Foundation Inc. (NASDAQ: FFWM), a financial services company that
provides investment management, wealth planning, consulting, trust and
banking services primarily to high-net-worth individuals and businesses,
today announced the launch of its property and casualty insurance
brokerage solution.
The new offering was created to deliver greater value to clients by
providing commercial and private client insurance brokerage services and
will address the unique exposures, risks, and needs of both individuals
and businesses.
The launch coincides with the appointment of Tony McIntosh who will lead
the build out and serve as Managing Director. Prior to joining First
Foundation, Mr. McIntosh served as a Marketing Director and Client
Executive at Barney and Barney, a provider of insurance solutions that
is owned by its parent company Marsh and McLennan, LLC.
“The property and casualty insurance offering enhances an important
element of our comprehensive financial platform and gives us an
opportunity to serve our clients in new ways,” said Scott F. Kavanaugh,
CEO of First Foundation. “Not only does it allow us to deepen our
relationship with existing clients, it also provides us new
opportunities to serve others.”
The new offering has been built on a platform that takes advantage of
recent technology enhancements that have come into the market and is
aimed at improving the client experience of the traditional insurance
brokerage model. First Foundation has secured agreements with several
highly rated insurance carriers, which allows for greater flexibility in
designing customized risk management solutions.
“It is remarkable to see everything that First Foundation is doing for
its clients and I am thrilled at the opportunity to add to the strength
of its offering,” stated Mr. McIntosh. “To be able to build an insurance
solution from the ground up is particularly exciting, especially on an
already established and respected platform like the one at First
Foundation.”
Mr. McIntosh brings to First Foundation detailed knowledge of the
insurance industry and years of experience working with clients to help
mitigate risk. He has been active in the area of property and casualty
insurance for over 12 years and has an extensive network of contacts
that First Foundation plans to leverage to increase the reach of its
offering.
In his role, Mr. McIntosh will oversee the development of the platform
as well as the integration of insurance services within the banking,
wealth management, and trust solutions at the firm. The rollout includes
a suite of products tailored to assist clients with program design, risk
and loss advisory, workers compensation and property and casualty claims
advocacy.
Mr. Kavanaugh added, “We feel that we are uniquely positioned to advise
on issues related to risk management given our in-depth approach and
extensive history of serving key areas of the financial spectrum. The
launch of the property and casualty offering and the addition of Tony to
the team is perfectly aligned with the vision of our firm to offer
solutions that contribute to the wealth and well-being of our clients.”
About First Foundation
First Foundation, a financial institution founded in 1990, provides
integrated investment management, wealth planning, consulting, trust and
banking services. The Company is headquartered in Irvine with offices in
Newport Beach, Pasadena, West Los Angeles, San Diego, Palm Desert and
the Imperial Valley in California, and Las Vegas, Nevada. For more
information, please visit our website at www.ff-inc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150518005500/en/
Copyright Business Wire 2015