FTP
FTP Inc. is a family-owned insurance wholesaler and MGA, founded in 1957, that distributes over 100 personal and commercial insurance programs from multiple carriers to independent agents and brokers across 40+ U.S. states.
- Company typePrivate
- Founded1957
- HeadquartersOld Bridge, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What FTP does
FTP Inc. is a privately held insurance wholesaler and managing general agent (MGA) founded in 1957 by Frank Powell as the Powell Insurance Agency, headquartered in Old Bridge, New Jersey. The company operates as an intermediary between independent insurance agents/brokers and a portfolio of admitted and non-admitted insurance carriers, distributing over 100 insurance programs across personal lines (homeowners, flood, personal property) and commercial lines (property, casualty, workers compensation, transportation, marine, cyber liability, medical malpractice, professional liability, liquor liability, excess/umbrella) into more than 40 U.S. states.
FTP's technology footprint centers on online rating portals—specifically the Personal Lines Rater and commercial quoting tools—and the FTP Preferred Flood Platform, enabling appointed brokers to obtain quick competitive quotes and fast policy issuance. The company augments placement with premium finance services through a partnership with Preferred Payment Plan Inc. for New Jersey insureds. Operations are organized around regional offices in Old Bridge NJ (HQ), Melville NY (opened 2016), Denver/Hinterland Insurance for California (2019), FTP of Florida LLC (2022), and Charlotte NC (2023), plus the March 2025 acquisition of Coastal Flood Underwriters, LLC to deepen specialty flood capabilities.
The business model is commission-based: FTP earns carrier commissions for placing business from its broker network, supplemented by premium finance fees. Distribution is exclusively wholesale—FTP does not sell directly to consumers, and agents must be formally appointed to access FTP's markets. Ownership and management remain concentrated within the founding Powell family across multiple generations, with no external institutional or private equity ownership evident in the source data.
FTP firmographics
Firmographics- Name
- FTP
- Legal name
- FTP Inc.
- Website
- https://ftpins.com
- Company type
- Private
- Founded year
- 1957
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- FTP Inc. is a family-owned insurance wholesaler and MGA, founded in 1957, that distributes over 100 personal and commercial insurance programs from multiple carriers to independent agents and brokers across 40+ U.S. states.
- Ownership category
- akta.pro rank
Where FTP is headquartered
LocationHeadquarters
- HQ city
- Old Bridge
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
FTP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Insurance Wholesaler Commissions: FTP earns commissions from insurance carriers for placing business through their wholesale platform. The company represents multiple admitted and non-admitted insurance companies across personal lines, commercial lines, and specialty lines.
- Premium Finance Services: FTP offers premium finance payment options through Preferred Payment Plan Inc., providing financing solutions to retail agents and their insureds in New Jersey.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
FTP product offering
Product offeringCore offering
FTP is an insurance wholesaler and managing general agent (MGA) that provides more than 100 personal and commercial lines insurance programs to independent insurance agents and brokers across 40+ U.S. states, operating continuously since 1957. It places business with admitted, E&S/surplus lines, and non-admitted insurance carriers and supports producers with online rating tools, in-house claims handling, and a captive premium finance operation (FTP Finance).
Product overview
FTP Inc. is an insurance wholesaler/MGA providing services to independent agents and brokers since 1957. The company operates as a platform offering over 100 insurance programs across personal and commercial lines. The core offerings include Personal Lines and Commercial Lines as the main product categories, supplemented by specialized products such as Flood (including the newly acquired Coastal Flood Underwriters), Professional Liability, Cyber Liability, Medical Malpractice, Workers Compensation, Transportation, Marine, Liquor Liability, and Coastal Condos coverage. The company also operates sub-brands including Hinterland Insurance (California) and maintains regional offices in North Carolina, New York, and Florida. FTP offers online rating tools including Personal Lines Rater and FTP Preferred Flood Platform for quick competitive quoting and fast delivery. Premium finance options are available through Preferred Payment Plan Inc.
Differentiator
Problem solved
Functional benefit
Brands
- Hinterland Insurance: Insurance wholesaler/MGA brand for the California market, formerly operating as 'FTP of California'. Located in Denver, CO.
Products and services
- Personal Lines Insurance Personal lines insurance programs underwritten and distributed by FTP through independent agents and brokers, accessed via the FTP online Personal Lines Rater across 40+ states.
- Commercial Lines Insurance Commercial lines insurance programs distributed by FTP to independent agents and brokers via the FTP online Commercial Lines Rater.
- Commercial Excess/Umbrella Insurance Stand-alone excess and umbrella liability products written over qualifying carrier accounts, with capacity up to $25 million, distributed to retail agents and brokers.
- Flood Insurance Flood insurance coverage distributed through FTP to retail agents, accessed via the FTP Preferred Flood Platform and the Coastal Flood Underwriters capacity relationship.
- Liquor Liability Insurance Liquor liability coverage distributed by FTP to independent agents and brokers serving bars, restaurants, and hospitality insureds.
- Coastal Condo Insurance Coastal condominium coverage distributed by FTP to independent agents placing property insurance for coastal condo associations and unit owners.
- Cyber Liability Insurance Cyber liability coverage distributed by FTP to independent agents and brokers for their commercial clients' cyber exposures.
- Medical Malpractice Insurance Medical malpractice and related professional liability coverage (including non-emergency medical transportation, paratransit, and ambulance/EMS exposures) distributed by FTP to independent agents.
- Workers Compensation Insurance Workers compensation coverage distributed by FTP to independent agents and brokers for their employer clients, including program options for both small and mid-market employers.
- Transportation Insurance Commercial transportation coverage distributed by FTP to agents placing business auto and commercial auto risks for motor carriers and fleet operators.
- Marine Insurance Marine coverage distributed by FTP to independent agents serving commercial marine and inland marine exposures.
- Professional Liability Insurance Professional liability (errors and omissions) coverage distributed by FTP to independent agents and brokers for their commercial clients' professional services exposures.
- FTP Finance Premium Finance In-house premium finance offering from FTP that allows insureds to pay premiums in installments through the agency, including payment plan options such as monthly and down pay arrangements.
Companies that use FTP
Customer profileSegments3 records
Ideal customer profiles1 record
FTP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
FTP partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Coastal Flood Underwriters, LLCcoreFTP acquired Coastal Flood Underwriters, LLC in March 2025 to expand its flood insurance offerings. The acquisition aligns with FTP's strategy of increasing specialty insurance capabilities and includes the launch of a new Flood Platform to improve service options. Coastal Flood Underwriters serves clients across 28 states.
- Preferred Payment Plan Inc.minorFTP partners with Preferred Payment Plan Inc. to provide premium finance payment options to retail agents and their New Jersey insureds, offering competitive financing tools for policy payments.
- NationwidecoreNationwide Insurance Company - Personal Lines market partner providing personal lines coverage options through FTP's wholesale platform.
- Scottsdale Insurance CompanycoreScottsdale Insurance Company - Personal Lines market partner, claims can be reported through Nationwide Excess and Surplus portal.
- Lloyd's of LondoncoreLloyd's - Global insurance market providing capacity for various specialty and surplus lines coverage through FTP's wholesale platform.
- HartfordcoreHartford Insurance - Commercial Lines market partner providing commercial insurance solutions through FTP.
- TravelerscoreTravelers Insurance - Commercial Lines market partner providing business insurance solutions.
- AmTrustcoreAmTrust Financial - Commercial Lines market partner providing small business and specialty coverage.
- MarkelcoreMarkel Insurance - Specialty insurance market providing various commercial and professional liability coverage.
- ChubbcoreChubb Insurance - Global insurance carrier providing personal and commercial lines coverage through FTP's platform.
Scale indicators3 records
Recent moves9 records
Expansion highlights5 records
FTP competitors and assessment
Company assessmentBroad incumbents
- Amwins Group: One of the largest specialty insurance wholesalers and MGAs in the US, distributing admitted and non-admitted products across personal and commercial lines. Operates at much greater scale than FTP but competes for the same independent agent relationships and carrier appointments.
Direct peers
- RPS (Risk Placement Services): National wholesale brokerage and MGA offering specialty and standard lines placement to independent agents across all 50 states. Directly comparable business model to FTP, representing multiple carriers across personal and commercial lines.
- CRC Insurance Services: Wholesale insurance broker and MGA providing specialty and surplus lines placement to retail agents nationwide. Operates a similar multi-carrier, multi-line platform model with regional office structure analogous to FTP.
- Burns & Wilcox: Specialty insurance wholesaler and MGA placing complex personal and commercial risks with admitted and non-admitted carriers. Highly comparable to FTP in product breadth, broker-distribution model, and specialty-line emphasis.
- Brown & Riding: National wholesale insurance brokerage specializing in complex and hard-to-place commercial risks for retail agents. Comparable niche positioning to FTP's specialty lines including marine, cyber, and professional liability.
- Worldwide Facilities: National wholesale insurance broker and MGA with a similar multi-line, multi-carrier platform serving independent agents. Directly comparable in business model, broker-distribution focus, and specialty product mix.
- Heffernan Insurance Brokers: Wholesale and retail insurance brokerage serving commercial and personal lines clients with specialty placement capabilities. Comparable to FTP in its wholesale platform model and broker-distribution orientation, with overlapping product lines including commercial property and casualty.
- USG Insurance Services: National wholesale brokerage and MGA distributing specialty and standard insurance products to retail agents. Comparable in multi-carrier representation and product breadth across personal and commercial lines.
Emerging players
- Westcap Insurance Services: Specialty wholesale broker and MGA focused on commercial and personal lines distribution to independent agents. Comparable scale and regional presence to FTP, with overlap in admitted and non-admitted carrier representation.
- NSM Insurance Group: Specialty insurance program manager and MGA building niche programs across commercial lines. Comparable to FTP in its MGA/wholesale platform model, though more focused on program development than broad multi-line distribution.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
FTP social profiles
Digital presenceFTP financial estimates
Financial estimateRevenue estimate
Valuation estimate
FTP leadership team
Management profileNumber of profiles
Profiles8 records
FTP subsidiaries and ownership
Company hierarchySubsidiaries3 records
FTP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FTP M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FTP
What does FTP do?
FTP is an insurance wholesaler and managing general agent (MGA) that provides more than 100 personal and commercial lines insurance programs to independent insurance agents and brokers across 40+ U.S. states, operating continuously since 1957. It places business with admitted, E&S/surplus lines, and non-admitted insurance carriers and supports producers with online rating tools, in-house claims handling, and a captive premium finance operation (FTP Finance).
Is FTP a public or private company?
FTP is a private company. It is classified as family owned and is currently operating.
When was FTP founded?
FTP was founded in 1957. It employs 101 to 250 people.
Where is FTP based?
FTP is headquartered in Old Bridge, United States, in the North America region.
How does FTP make money?
Two revenue lines are on record. Insurance Wholesaler Commissions are the primary driver. The others are premium Finance Services.
Who are FTP's main competitors?
Amwins Group is listed as a broad incumbent. Direct peers are RPS (Risk Placement Services), CRC Insurance Services, Burns & Wilcox, Brown & Riding, Worldwide Facilities, Heffernan Insurance Brokers and USG Insurance Services. Emerging players are Westcap Insurance Services and NSM Insurance Group.
Does FTP have an API?
No public API is recorded for FTP.