Altus Partners, Inc Announces New Divisions - Altus Corporate Risk & Altus Private Risk

BRYN MAWR, Pa., Jan. 3, 2019 /PRNewswire/ -- Today, Altus Partners, a fee-based property and casualty insurance brokerage firm serving individuals, families, and corporations, announced the launch of two new divisions, Altus Corporate Risk and Altus Private Risk. Driven by the power of objectivity, Altus has been committed to providing impartial advice and outstanding service to clients for more than 20 years. The announcement affirms Altus's deep commitment to transforming the insurance industry through a client-first approach predicated on insight and advocacy rather than compensation opportunity.

"This change is just another step towards our longstanding goal of giving clients the power of objectivity by completely eliminating commission from the insurance industry and the inherent conflicts that come with it," said Charlie Wilmerding, Altus Partners' President. "Operating through our new divisions allows us to focus specific resources on the two distinct dimensions of our business and to provide clarity in the marketplace as to the services we provide and how we get paid."

Altus Corporate Risk will be the only 100% fee-based insurance brokerage firm in the country, providing a full array of services for all corporations throughout the U.S. and around the world.

Similarly, Altus Private Risk will provide risk management and insurance brokerage services to individuals and families. As Altus continues to work with state regulators and carriers to allow for the removal of commission from personal insurance transactions, Altus Private Risk will continue to accept commission on the insurance it places on behalf of its clients.

"Our operating names have changed slightly in order to clarify for our clients the services we offer and how we get paid, Wilmerding says. "Other than that, nothing has changed in that we remain steadfast in our commitment to provide you with objective and insightful advice as we deliver the most cost-effective risk management and insurance solutions available in the market."

About Altus Partners, Inc.
Since its founding in 1997, Altus Partners has provided comprehensive property/casualty insurance services to individuals, families, and corporations throughout the U.S. and around the world. Altus is committed to providing clients with the power of objectivity by eliminating commission and the conflicts that come with it wherever possible.

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SOURCE Altus Partners