Two decades of ensuring that businesses make smart decisions when it comes to professional and management liability insurance.
Axis Insurance Services, LLC (Axis) is proud to announce it has reached a milestone and is celebrating its 20th Anniversary in the business of providing professional, management and cyber liability solutions for its clients. Located in Franklin Lakes, New Jersey, Axis provides insurance products to thousands of clients in almost all 50 states and has become a leader in the industry. Read our Anniversary highlight page here.
Axis Insurance Services, LLC was founded in 1999 in Yardley, Pennsylvania by Mike Smith, a former practicing CPA with PriceWaterhouse (PWC) and a former Chief Financial Officer in the insurance industry and subsequently moved to its current location in Northern New Jersey. In 2012, Axis took on a Partner, Javier Gonzalez to complement the growth plan of the company In 2014, the company formed PL Risk Advisors, Inc. to provide the same level of service to our retail brokers. Together they have grown the company to $40 million in annual sales with 30 employees operating in almost every state.
Mike Smith, President and CEO had this to say, “Reflecting on the past twenty years, its hard to believe that 20 years blew by so quickly. We have been able to achieve this growth only due to the dedication to our client’s needs and in hiring and empowering qualified employees. We truly make a difference to our clients which is evident by the fact that we can experience a 20% annual growth rate and retain 90% of our client’s year in and year out."
Axis Insurance Services LLC is a licensed retail professional and management liability broker specializing in Directors and Officers Liability, Errors and Omissions and Cyber related exposures for professional services firms, primarily insurance agents and brokers and real estate firms. Their sister company PL Risk Advisors, Inc offers the same services to retail agents in almost every service industry. Over just the past ten years, the company has had over $250 Million in sales premiums and experienced on average a 20% growth rate each year. The company’s holding company Axis Management Group Holdings, Inc has been recognized in the last two years by Inc 5000 as one of the fastest growing companies in the country.
Today both companies are prominent forces in the professional, management and cyber liability markets and look forward to the next 20 years of continued growth. The employees at both Axis and PL Risk are frequent speakers, contributors, sponsors, educators within the market. Axis Insurance Services, LLC has also supported dozens of charities and has its employees actively involved in the community, on boards, and participates in other organizations that make a difference both in the insurance world and in our community.