Western Security Surplus Insurance Broker
Western Security Surplus Insurance Broker (dba XPT Specialty) is a wholesale insurance brokerage and general agent that provides binding authority and specialty underwriting to appointed retail agents across 14 industry verticals, operating as a subsidiary of XPT Group.
- Company typePrivate
- Founded2017
- HeadquartersNew Haven, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Western Security Surplus Insurance Broker does
Western Security Surplus Insurance Broker operates as a wholesale insurance brokerage and general agent under the trade name XPT Specialty, founded in 1981 and structured as a subsidiary of the XPT Group holding company. The firm functions as an intermediary between retail insurance agents and insurance carriers, providing binding authority, brokerage, and specialized underwriting services. Its headquarters are in Plano, Texas, with additional offices in Woodland Hills (California), Salt Lake City (Utah), and Pennsylvania, and a headcount of 11–50 employees. The company is recognized by Vertafore as a 2025 Speed to Market Innovator and carries a 2025 Best Places to Work designation.
The product portfolio is anchored by wholesale brokerage and binding authority services, supplemented by 14 industry verticals: Transportation, Hospitality, Agribusiness, Contractors, Oil & Gas, Commercial Property, Auto Dealers, Manufacturing, Farm & Ranch, Workers' Compensation, Professional Lines, Personal Lines, and Flood Risk Solutions. Digital infrastructure comprises a Client/Agent Portal for quote requests, applications, appointments, and policy management, plus a separate Payment Portal for policyholder premium transactions. The company publishes State of the Market Reports and Insurance Headlines as content resources for its agent partners. Core technology is not specified in the source data and no proprietary AI/ML, patents, or API/SDK integrations are disclosed.
XPT Specialty generates revenue through commissions from insurance carriers on business placed via its binding authority and brokerage arrangements, with pricing negotiated individually through agency appointments rather than published. The go-to-market motion is entirely partner-driven: retail insurance agents are the customers, and the firm does not sell directly to end insureds. Geographic focus is domestic United States. No venture capital, private equity, institutional investment, or acquisition activity is evidenced in the available material, and the company appears to be privately held within the XPT Group corporate umbrella with no disclosed revenue figures.
Western Security Surplus Insurance Broker firmographics
Firmographics- Name
- Western Security Surplus Insurance Broker
- Legal name
- XPT Specialty
- Website
- https://wssib.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Western Security Surplus Insurance Broker (dba XPT Specialty) is a wholesale insurance brokerage and general agent that provides binding authority and specialty underwriting to appointed retail agents across 14 industry verticals, operating as a subsidiary of XPT Group.
- Ownership category
- akta.pro rank
Western Security Surplus Insurance Broker industry classification
Industry- Product category
- Wholesale Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)
- akta.pro secondary industries
- Commercial Lines Insurance Brokerage (FSAEADAB), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where Western Security Surplus Insurance Broker is headquartered
LocationHeadquarters
- HQ city
- New Haven
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Western Security Surplus Insurance Broker business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Wholesale Insurance Brokerage Commissions: XPT Specialty operates as a wholesale insurance broker earning commissions from insurance carriers for placing business through their binding authority and brokerage services. They serve as an intermediary between retail insurance agents and insurance carriers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Western Security Surplus Insurance Broker product offering
Product offeringCore offering
Western Security Surplus Insurance Broker is a wholesale insurance broker and general agent that places business exclusively with appointed and licensed retail insurance brokers. It provides wholesale brokerage, binding authority, and specialty commercial/personal insurance products across verticals such as transportation, hospitality, agribusiness, contractors, oil & gas, commercial property, auto dealers, manufacturing, farm & ranch, workers' compensation, professional lines, personal lines, and flood risk.
Product overview
XPT Specialty operates as a wholesale insurance brokerage platform that connects retail insurance agents with specialized insurance products across commercial and personal lines. The company's core offerings include wholesale brokerage services and binding authority, which enable retail agents to access coverage across 14 industry verticals (Transportation, Hospitality, Agribusiness, Contractors, Oil & Gas, Commercial Property, Auto Dealers, Manufacturing, Farm & Ranch, Workers' Compensation, Professional Lines, Personal Lines, and Flood Risk). The platform is complemented by digital Client and Payment portals for agent and policyholder self-service.
Differentiator
Problem solved
Functional benefit
Products and services
- Wholesale Insurance Brokerage Wholesale brokerage placement service for appointed retail insurance agents seeking access to specialty commercial and personal-lines coverage that they cannot place directly with admitted carriers.
- Binding Authority Delegated authority service allowing retail agents to bind qualifying property and commercial P&C risks directly through carrier authorities, speeding quote-to-bind on hard-to-place accounts.
- Client Portal (Agent Portal) Web-based self-service portal that lets appointed retail agents view client information, submit applications, request quotes, and manage accounts.
- Payment Portal Web-based payment portal that allows policyholders to remit premium payments online.
Companies that use Western Security Surplus Insurance Broker
Customer profileSegments13 records
Ideal customer profiles1 record
Western Security Surplus Insurance Broker technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Western Security Surplus Insurance Broker partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights5 records
Western Security Surplus Insurance Broker competitors and assessment
Company assessmentBroad incumbents
- Heffernan Insurance Brokers: Heffernan is an independent commercial insurance broker with multi-vertical specialty practices — overlapping with several of XPT's verticals (commercial P&C, hospitality, transportation) but operating as a larger retail-oriented firm.
- World Insurance Associates: World Insurance Associates is a broader retail-specialty insurance platform with significant wholesale and E&S distribution; comparable in product breadth to XPT but at much larger scale and with greater retail-channel emphasis.
Direct peers
- Burns & Wilcox: Burns & Wilcox is a wholesale insurance broker and MGA serving retail agents with E&S specialty and binding authority across commercial and personal lines — a comparable wholesale distribution specialist with multi-vertical focus.
- Bridge Specialty Group: Bridge Specialty Group is a wholesale brokerage and MGA platform with binding authority across E&S and specialty lines, serving retail agents — analogous in channel, binding model, and vertical mix to XPT.
- Brown & Riding Insurance Services: Brown & Riding is a wholesale broker and underwriting manager placing E&S business for retail agents across commercial, property, casualty, and specialty classes — directly aligned with XPT's wholesale brokerage scope.
- Amwins: Amwins is the largest U.S. wholesale insurance broker and MGA, operating across E&S commercial lines, binding authority, and specialty broker services — directly comparable to XPT Specialty's wholesale brokerage and binding-authority model.
- CRC Group: CRC Group is a major wholesale insurance broker and MGA serving retail agents with E&S placement across multiple industry verticals — overlapping heavily with XPT's agent-partner distribution, multi-vertical coverage, and binding-authority services.
- RPS (Risk Placement Services): RPS is a wholesale insurance broker and MGA offering binding authority and specialty placements to retail agents across numerous industry verticals; structurally identical to XPT Specialty in channel and product mix.
Others
- Keystone Insurers Group: Keystone Insurers Group is an alliance of independent insurance agencies that pools wholesale and carrier relationships — an adjacent/ecosystem player that competes with XPT for retail-agent mind-share and E&S placements.
Emerging players
- NSM Insurance Group: NSM Insurance Group is a specialty insurance program manager and wholesale broker focused on niche verticals (transportation, specialty P&C) — comparable in vertical approach and wholesale distribution model to XPT Specialty.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Western Security Surplus Insurance Broker social profiles
Digital presenceWestern Security Surplus Insurance Broker financial estimates
Financial estimateRevenue estimate
Valuation estimate
Western Security Surplus Insurance Broker leadership team
Management profileNumber of profiles
Western Security Surplus Insurance Broker funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Western Security Surplus Insurance Broker M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Western Security Surplus Insurance Broker
What does Western Security Surplus Insurance Broker do?
Western Security Surplus Insurance Broker is a wholesale insurance broker and general agent that places business exclusively with appointed and licensed retail insurance brokers. It provides wholesale brokerage, binding authority, and specialty commercial/personal insurance products across verticals such as transportation, hospitality, agribusiness, contractors, oil & gas, commercial property, auto dealers, manufacturing, farm & ranch, workers' compensation, professional lines, personal lines, and flood risk.
Is Western Security Surplus Insurance Broker a public or private company?
Western Security Surplus Insurance Broker is a private company. It is classified as corporate owned and is currently operating.
When was Western Security Surplus Insurance Broker founded?
Western Security Surplus Insurance Broker was founded in 2017. It employs 11 to 50 people.
Where is Western Security Surplus Insurance Broker based?
Western Security Surplus Insurance Broker is headquartered in New Haven, United States, in the North America region.
How does Western Security Surplus Insurance Broker make money?
One revenue line is on record: wholesale Insurance Brokerage Commissions.
Who are Western Security Surplus Insurance Broker's main competitors?
Broad incumbents on record are Heffernan Insurance Brokers and World Insurance Associates. Direct peers are Burns & Wilcox, Bridge Specialty Group, Brown & Riding Insurance Services, Amwins, CRC Group and RPS (Risk Placement Services). Keystone Insurers Group is listed as an others. NSM Insurance Group is listed as an emerging player.
Does Western Security Surplus Insurance Broker have an API?
No public API is recorded for Western Security Surplus Insurance Broker.
What industry is Western Security Surplus Insurance Broker in?
Western Security Surplus Insurance Broker's product category is Wholesale Insurance Brokerage. Its primary akta.pro industry code is FSAEADAD, Wholesale Insurance Brokerage (Excess & Surplus Lines), with a secondary code of FSAEADAB, Commercial Lines Insurance Brokerage. Its NAICS code is 52421 and its SIC code is 6411.