Consolidation has been going on for quite some time in this industry, but NIP's acquisition and partnering concept is a very unique and different approach to what has been done in the past. The NIP approach is not really a buy-out of brokers, but more of a combination of efforts which recognizes and compensates brokers for value today, but it also creates an opportunity for the P&C broker and NIP through a long-term relationship. We are not interested in just buying an agency; we want a long-term commitment to work together. There is no other opportunity in the marketplace with as much upside for a P&C broker as ours.

There are three major advantages that make joining NIP very attractive to P&C brokers. First, NIP will preserve the independence, entrepreneurial spirit, and soul of a small company, but will provide a broad array of benefits and services such as having access to dedicated insurance underwriting unique to a large company.

Second, NIP will offer more financial reward--NIP is structured to compensate owners of P&C brokerage firms fairly for the value they have created to date, but will also provide generous incentives to participate in the future financial growth of NIP. NIP's financial strength will allow each broker to grow their business while maintaining the great service and support their clients expect. NIP believes our approach affords our partner firms the entrepreneurial freedom to serve their clients most effectively while having access to the resources of a national distribution organization. By joining NIP, our partners will benefit from our value building proposition by receiving cash up front, cash along the way, and a huge return down the road. It is a "win-win" for all parties involved. Not only will each P&C broker receive a huge financial advantage, but they will also benefit from improved market reach and industry visibility through a high level national, regional and local marketing and public relations campaign, a wide variety of insurance products and services, technological support, developments and improvements, greater buying power, enhanced cost efficiencies, and greater access to more markets. All of the above combined will mean more profitability long-term. Financial and intellectual capital will also be available to enhance the NIP expansion along with a succession plan for our partner owners desiring retirement and/or seeking other opportunities.

Third, NIP will become known for its expertise in creating new and innovative products and services for its clients. An example of this is provided by our X-PROTECT™ product which is a separate policy exclusively to provide independent directors with state- of-the-art insurance protection. X-PROTECT™ is the broadest form of coverage on the market for independent directors.

To learn about our X-PROTECT™ product visit D&O Insurance.