Talbert joined the Insurors Indemnity Companies in February 2014 with over 25 years of industry experience, having previously been the President and CEO of Hochheim Prairie Insurance Companies. Throughout his career, Talbert has played an active role in the insurance industry and brings the management experience, passion and drive to create a strong independent agent network by offering competitive products and service to our agents.
"I've had the unique opportunity to spend the past few months actively engaging with Insurors Indemnity Companies Board, management team, front-line employees and agents," said Talbert. "I am honored to have the opportunity to now lead the Insurors Indemnity Companies team as we mobilize to become the insurance carrier of choice in the markets we serve. In the short-term we will focus on rolling out an online policy administration system and supporting our independent agents to allow them to compete more effectively in the marketplace."
Talbert succeeds Tom Chase, who founded Insurors Indemnity Companies in 1984 in response to what he felt was a lack of attention to the needs of independent agents. Chase led the company through its founding to achieve an A- (Excellent) A.M. Best rating and a reinsurance relationship with General Reinsurance Corp., a part of the Berkshire Hathaway group led by Warren Buffet. Following an approach to growth focused on solid underwriting, responsiveness and consistency in the marketplace the company is represented by over 450 independent agents across the state as well as surety business in New Mexico, Arkansas and Oklahoma.
"The company looks forward to Dave's continuing contribution to our growth as he moves into his new role as CEO and President," said Chase. "We have a thoughtful succession strategy in place with Dave assuming the role of CEO and he will be leading a highly experienced, agent-focused executive management team with the expertise, acumen and industry knowledge required to continue to build sustainable growth for Insurors Indemnity Companies for the long-term."
Chase will remain Chairman of the Board and will focus his efforts on the development of a Board Governance and Internal Control program, expansion to additional states and capital funding to meet the needs of a fast growing insurance company.
Insurors Indemnity Companies specializes in surety and business insurance for mid-size and smaller businesses in the four states it serves. It is based in Waco, Texas and operates from its building constructed in 1911, which is listed on the National Register of Historic places.