A Constellation of Resources for Wholesale Brokers
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Janna Collins
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Janna Collins

About Vela

Vela at a Glance
Divisions

Construction Division

  • Commercial Construction
  • Residential Construction
  • Specialty Construction

General Casualty Division

  • Premises / Operations - Not Habitational
  • Service
  • Retailers
  • Wholesalers / Distributors

Manufacturing Division

  • Manufacturers General Liability
  • Non-Habitational OL&T
  • Products Liability
  • Specialty Products

Professional Liability Division

  • Miscellaneous E&O
  • Consultants E&O
  • Technology E&O
  • Property Managers E&O

VELA STEERS YOU TO SAFETY

Our Mission

To be a guiding light and a trusted partner, helping Vela’s exclusive wholesale brokers navigate complex risks with consistently stellar solutions.

Our Name

A constellation in the southern hemisphere, Vela means "sails of a ship" in Latin. We take great pride in our name as we chart the courses that will carry clients to safety.

Our Promise

Just as the earth revolves around the sun, our underwriting staff revolves around our appointed brokers and their clients. To be your underwriter of choice, and in order to provide superior products and services, we promise to:

  • Listen – We value your input and will take the time to listen and understand
  • Respond – We’ll generally respond to your submissions in 24 hours
  • Produce – Through creativity, expertise and innovation, we can handle even your toughest accounts.
  • Be there – Personalized, in-house claims management that backs our promise to protect insureds

Our History

The stars aligned in 1996 when Vela Insurance Services, an underwriting manager, began operations writing excess and surplus lines casualty business. In the beginning, the primary focus was on construction and manufacturing risks. With continued excellence in those areas, Vela expanded to write a variety of general casualty and professional liability classes. Today, with twelve offices throughout the United States, we offer both national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.

Our Financial Stability

Vela Insurance Services is a member company of Berkley Insurance Group, one of the brightest stars in commercial lines property and casualty insurance. All business is written on behalf of W. R. Berkley Corporation insurance company subsidiaries that are rated A+ (Superior) Financial Size Category XV by A.M. Best (Outlook: Stable) and A+ (Strong) by Standard & Poor’s (Outlook: Stable).

W. R. Berkley Corporation, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participants in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. This decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.

Our People

The real stars at Vela are our people. Over 80% of Vela’s management and professional staff have more than 20 years of experience. Vela also actively recruits young professionals to the industry and is committed to the professional development of its staff. Vela is honored to have more than 50% of employees with professional designations on its staff. Vela’s average annual employee retention exceeds 90%, far above industry norms. Vela’s President, David A. Jordan, joined Vela in 2009 and has overseen and guided the company’s significant growth since then.

Products and services described above are provided through various surplus lines insurance company subsidiaries of W. R. Berkley Corporation and offered through licensed surplus lines brokers. Not all products and services may be available in all jurisdictions, and the coverage provided by an insurer is subject to the actual terms and conditions of the policies issued. Surplus lines insurance carriers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy issued. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.

Vela Insurance Services conducts business as Vela Insurance Services, LLC in California as a licensed surplus lines broker (License Number 0C94218).