Wellington Insurance Group
Wellington Insurance Group is a Fort Worth, Texas-based Managing General Agency that underwrites and administers residential property insurance through 12 carrier partners and a licensed agent network using its proprietary Virtual Marketplace quoting engine. It also offers financial and administrative services such as run-off, auditing, and white-labeled TPA outsourcing.
- Company typePrivate
- Founded2007
- HeadquartersFort Worth, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Wellington Insurance Group does
Wellington Insurance Group is a Texas-based, privately held insurance risk distribution and financial services organization headquartered in Fort Worth. Founded in 2007 and operating through 51–100 employees, the group functions primarily as a Managing General Agency (MGA) for residential property insurance, with its principal operating subsidiary being Wellington Risk Insurance Agency, LLC. The company underwrites and administers homeowners and dwelling policies on behalf of 12 carrier partners whose A.M. Best ratings range from A+ (Superior) to B++ (Good), and it distributes those products exclusively through a network of licensed insurance agents who access Wellington's proprietary Virtual Marketplace quoting engine to triage risk characteristics and price policies at the point of sale. All customer-facing functions, including product design, pricing, underwriting, policy issuance, billing, and claims, are delivered in-house through affiliated entities such as Wellington Claim Service, LLC (24/7 claims administration) and Wellington Adjusting Services, LLC.
The company's technology stack centers on proprietary front-end and back-end systems for policy administration, billing, and claims handling, supplemented by the MyWellington policyholder portal and Express Pay quick-payment tool. Beyond agency operations, Wellington generates a secondary revenue stream through Financial Services, providing customized solutions to insurance operators including carriers, reinsurers, brokers, pools, regulatory entities, and general agencies; this encompasses Virtual Company Services (white-labeled third-party administration), Run-Off Services (discontinued book administration), and Auditing Services (forensic accounting, SOX compliance, IT system design, and program audits). The company is affiliated with Truist Insurance Holdings, AmRisc, LLC, and McGriff Insurance Services, LLC through its privacy disclosures, suggesting integration into a larger insurance services corporate family.
Revenue mechanics are commission-based on policies underwritten through the carrier network plus professional services fees from financial services engagements. Customer acquisition is GTM-light: marketing is conducted through the corporate website, an online agent-finder tool, and the MyWellington self-service portal, while policyholder retention is supported by 24/7 claims availability and the convenience of multiple carrier options presented through the virtual marketplace. The company primarily serves Texas-based residential property owners (homeowners, rental property owners, and second home owners) as its end customers, with licensed insurance agents and insurance operators constituting the B2B counterparties to the model.
Wellington Insurance Group firmographics
Firmographics- Name
- Wellington Insurance Group
- Legal name
- Wellington Risk Insurance Agency, LLC
- Website
- https://wellingtoninsgroup.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Wellington Insurance Group is a Fort Worth, Texas-based Managing General Agency that underwrites and administers residential property insurance through 12 carrier partners and a licensed agent network using its proprietary Virtual Marketplace quoting engine. It also offers financial and administrative services such as run-off, auditing, and white-labeled TPA outsourcing.
- Ownership category
- akta.pro rank
Wellington Insurance Group industry classification
Industry- Product category
- Insurance Distribution Services
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)
Keywords
Where Wellington Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Fort Worth
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Wellington Insurance Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Agency Commission: Wellington Risk Insurance Agency, LLC acts as a managing general agency, earning commissions from insurance carriers for policies underwritten and administered on their behalf. The company offers product tiers issued through multiple insurance carriers.
- Financial Services: Customized services to insurance operators including carriers, reinsurers, brokers, pools, regulatory entities, and general agencies. Services include run-off administration, forensic accounting, consulting, IT system design, SOX compliance reviews, program audits, and accounting and underwriting perspective.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Residential Property Insurance - Dwelling and Homeowners policies |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Wellington Insurance Group product offering
Product offeringCore offering
Wellington Insurance Group is a Texas-based risk distribution and financial services organization that operates as a managing general agency. Wellington Risk Insurance Agency, LLC underwrites and administers residential property insurance policies through a virtual marketplace spanning multiple insurance carriers, delivering product design, pricing, underwriting, policy issuance, administration, billing, and claims in-house. The company also provides financial services to insurance operators including carriers, reinsurers, brokers, pools, and regulatory entities, encompassing run-off administration, auditing, and consulting.
Product overview
Wellington Insurance Group is a Texas-based risk distribution and financial services organization operating as a managing general agency. The core offering is Wellington Risk Insurance Agency, which underwrites and administers residential property insurance through a network of carrier partners. The company provides a Virtual Marketplace quoting mechanism that electronically identifies and triages risk characteristics to match policyholders with multiple carrier solutions. Supporting operations include Virtual Company Services (white labeled outsourcing), Run-Off Services (discontinued business handling), and Auditing Services. Policyholder-facing digital products include MyWellington (online policy management portal), Express Pay (quick payment), and Wellington Claim Service (claims administration).
Differentiator
Problem solved
Functional benefit
Products and services
- Wellington Risk Insurance Agency Managing general agency that underwrites and administers residential property insurance policies on behalf of select insurance carriers. Deploys a collection of product tiers through multiple carriers to create a virtual insurance marketplace.
- Virtual Company Services Third-party administration services for insurance entities seeking white-labeled outsourcing solutions. Proprietary solutions enable clients to focus on specific success elements of their business with deployments indistinguishable from their own operations.
- Run-Off Services Specialized, cost-effective services for handling runoff business for discontinued lines or books of business during strategic and financial industry changes for insurers, reinsurers, and other insurance operators.
- Auditing Services Customized audit packages for insurers, reinsurers, regulatory authorities and equity groups encompassing all major operational elements of insurance, providing credentialed staff and flexible IT systems.
- MyWellington Online policyholder portal providing insurance consumers the means to manage policies, make payments, view claims, and access policy information online at their convenience.
- Wellington Claim Service Claims administration service operated through Wellington Claim Service, LLC that handles claims processing, assigns examiners, coordinates property inspections, and is available 24 hours a day, 7 days a week for policyholder claim reporting.
Quantifiable outcome
- Claims service available 24 hours a day, 7 days a week
- +1 more outcomes
Companies that use Wellington Insurance Group
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Wellington Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Wellington Insurance Group partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core.
- Agricultural Workers Mutual Auto Insurance CompanycoreInsurance carrier partner with financial security rating of A- (Excellent) and Financial Size Category of VI by A.M. Best. Wellington underwrites and administers residential property insurance for this carrier.
- Aventus Insurance CompanycoreInsurance carrier partner with financial security rating of B++ (Good) and Financial Size Category of VI by A.M. Best.
- Incline Casualty CompanycoreFormerly known as Worth Casualty Company. Insurance carrier with A.M. Best rating of A- (Excellent) and Financial Size Category of VIII.
- Obsidian Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A- (Excellent) and Financial Size Category of VII.
- Palomar Specialty Insurance CompanycoreInsurance carrier partner with highest A.M. Best rating of A (Excellent) and Financial Size Category of XI.
- Sutton National Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A- (Excellent) and Financial Size Category of VIII.
- Sutton Specialty Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A- (Excellent) and Financial Size Category of VIII.
- MS Transverse Insurance CompanycoreInsurance carrier partner with superior A.M. Best rating of A+ (Superior) and Financial Size Category of XV.
- MS Transverse Specialty Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A+ (Superior) and Financial Size Category of XV.
- Trisura Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A- (Excellent) and Financial Size Category of IX.
- Trisura Specialty Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A- (Excellent) and Financial Size Category of IX.
- TRM Specialty Insurance CompanycoreInsurance carrier partner with A.M. Best rating of A+ (Superior) and Financial Size Category of XV.
- AmRisc, LLCcoreAffiliate company within the Wellington corporate family, part of the group that performs services for processing insurance transactions.
- McGriff Insurance Services, LLCcoreAffiliate company within the Wellington corporate family, part of the group that performs services for processing insurance transactions.
- Truist Insurance Holdings, LLCcoreParent holding company affiliate. Wellington Risk Insurance Agency, LLC is affiliated with Truist Insurance Holdings through the corporate family.
- Wellington Adjusting Services, LLCcoreSubsidiary company providing claims adjusting services within the Wellington corporate family.
- Wellington Claim Service, LLCcoreClaims administrator subsidiary that handles claims processing for Wellington insurance policies. Available 24/7 for claim reporting.
- Wellington Risk Consulting, LLCcoreConsulting services subsidiary within the Wellington corporate family providing professional services.
- Wellington Risk Insurance Agency, LLCcoreManaging general agency that underwrites and administers residential property insurance policies. Principal operating subsidiary of Wellington Insurance Group.
- Wellington Specialty Insurance Agency, LLCcoreSpecialty insurance agency subsidiary within the Wellington corporate family.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Wellington Insurance Group competitors and assessment
Company assessmentDirect peers
- Hull & Company: A wholesale broker and MGA distributing personal and commercial specialty lines through retail agents. Comparable to Wellington in agency distribution and multi-carrier placement.
- Burns & Wilcox: One of the largest U.S. MGAs and wholesale insurance brokerages, Burns & Wilcox distributes specialty and personal lines through a network of retail agents using multi-carrier placements, directly comparable to Wellington's Virtual Marketplace model.
- CRC Insurance Group: A large wholesale brokerage and MGA distributing specialty and personal property lines through retail agents across multiple carriers. Operates with a similar agency-channel, multi-carrier architecture as Wellington.
- NSM Insurance Group: A specialty MGA and program administrator distributing niche personal and commercial lines through retail agents. Comparable in MGA-plus-TPA service model.
- AmRisc: A specialty MGA focused on catastrophe-exposed residential and commercial property, affiliated with Wellington through the Truist Insurance Holdings corporate family. Highly comparable in product focus and carrier-panel model.
- Arrowhead General Insurance Agency: A personal lines MGA serving residential property risks through a multi-carrier agency model. Direct comparable in product focus and agent distribution.
- RPS (Risk Placement Services): A wholesale broker and MGA distributing personal and commercial lines through retail agents via multi-carrier platforms. Highly comparable to Wellington's agent-channel, multi-carrier distribution approach.
Broad incumbents
- McGriff Insurance Services: A top-10 U.S. insurance brokerage affiliated with Wellington through the Truist Insurance Holdings corporate family. While much broader in scope, McGriff provides context on the corporate family's distribution scale and capabilities.
- Heritage Insurance Holdings: A publicly traded residential property insurer (carrier, not MGA). Provides competitive context for Wellington's homeowners / dwelling product positioning in catastrophe-exposed geographies.
Regional players
- Tower Hill Insurance Group: A Florida-focused residential property carrier. Provides geographic and product-line adjacency relevant to Wellington's Texas catastrophe-exposed residential book, though Tower Hill operates as a carrier rather than MGA.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Wellington Insurance Group social profiles
Digital presenceWellington Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wellington Insurance Group leadership team
Management profileNumber of profiles
Profiles1 record
Wellington Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries4 records
Wellington Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wellington Insurance Group 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 Wellington Insurance Group
What does Wellington Insurance Group do?
Wellington Insurance Group is a Texas-based risk distribution and financial services organization that operates as a managing general agency. Wellington Risk Insurance Agency, LLC underwrites and administers residential property insurance policies through a virtual marketplace spanning multiple insurance carriers, delivering product design, pricing, underwriting, policy issuance, administration, billing, and claims in-house. The company also provides financial services to insurance operators including carriers, reinsurers, brokers, pools, and regulatory entities, encompassing run-off administration, auditing, and consulting.
Is Wellington Insurance Group a public or private company?
Wellington Insurance Group is a private company. It is classified as corporate owned and is currently operating.
When was Wellington Insurance Group founded?
Wellington Insurance Group was founded in 2007. It employs 51 to 100 people.
Where is Wellington Insurance Group based?
Wellington Insurance Group is headquartered in Fort Worth, United States, in the North America region.
How does Wellington Insurance Group make money?
Two revenue lines are on record. Insurance Agency Commission is the primary driver. The others are financial Services.
Who are Wellington Insurance Group's main competitors?
Direct peers on record are Hull & Company, Burns & Wilcox, CRC Insurance Group, NSM Insurance Group, AmRisc, Arrowhead General Insurance Agency and RPS (Risk Placement Services). Broad incumbents are McGriff Insurance Services and Heritage Insurance Holdings. Tower Hill Insurance Group is listed as a regional player.
Does Wellington Insurance Group have an API?
No public API is recorded for Wellington Insurance Group.
What industry is Wellington Insurance Group in?
Wellington Insurance Group's product category is Insurance Distribution Services. Its primary akta.pro industry code is FSAAACAI, Insurance-Integrated Wealth Managers (RIA + Insurance Solutions). Its NAICS code is 5242 and its SIC code is 6411.