Ballator Insurance Group
Ballator Insurance Group is a national specialty insurance organization founded in 2007 in Orlando, Florida, that develops and manages innovative insurance programs, risk pools, and captives for underserved niche verticals including public entities, non-profits, and PEOs across all 50 U.S. states.
- Company typePrivate
- Founded2007
- HeadquartersOrlando, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ballator Insurance Group does
Ballator Insurance Group is a national specialty insurance organization founded in 2007 and headquartered in Orlando, Florida, that develops and manages innovative insurance programs, risk pools, captives, and risk retention groups for niche industry verticals underserved by traditional brokers. The firm functions simultaneously as a specialty underwriting organization, pool administrator, captive manager, and retail insurance agency, serving public entities (cities, counties, school districts, special districts), non-profit and social service agencies, Professional Employer Organizations (PEOs), and federally funded entities across all 50 U.S. states. Operating subsidiaries include Non-Profit Insurance Services (NPIS), World Risk Management (WRM), First Florida Insurance Brokers, and Libertate Insurance Services, each focused on a distinct vertical with dedicated leadership and program structures such as the Community Services Insurance Program (CSIP), the Public Risk Management of Florida (PRM) pool, and the Florida Insurance Trust (FIT).
The company's revenue model is commission-based: Ballator receives commissions as a percentage of premiums placed with carriers, supplemented by contingent/override compensation, profit-sharing, premium finance fees, expense reimbursements, and interest on premiums held until remitted to insurers. Its proprietary technology platform, RiskMD (described in multiple sources as patented), provides data management and analytics capabilities supporting underwriting and program administration across the group and PEO clients. Distribution operates through direct field sales, the affiliated agency family, and partnerships with A-rated carriers, combined with a unique legislative initiatives service that works with state lawmakers to enact legislation enabling new insurance pooling mechanisms — a capability that is structural rather than transactional.
Ballator is a privately held subsidiary of Accretive Specialty, led since inception by CEO Shane Caldwell alongside Executive Vice President Hasib Bangloria and a bench of principals and vice presidents with 25-30+ years of industry experience drawn from senior roles at publicly traded brokers. Performance indicators include approximately $2 billion in Florida property exposures insured through PRM, close to $2 billion in PEO workers' compensation premiums underwritten, and roughly $200 million in commercial P&C premiums stewarded by a single executive. The firm has received multiple industry recognitions including Risk and Insurance Magazine's Power Broker and Rising Star awards (2016), Business Insurance Magazine's Brokerage of the Year and Wholesale Brokerage Team of the Year awards, and the Orlando Business Journal's 40 Under 40 (2021).
Ballator Insurance Group firmographics
Firmographics- Name
- Ballator Insurance Group
- Legal name
- Ballator Insurance Group, Inc.
- Website
- https://ballator.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ballator Insurance Group is a national specialty insurance organization founded in 2007 in Orlando, Florida, that develops and manages innovative insurance programs, risk pools, and captives for underserved niche verticals including public entities, non-profits, and PEOs across all 50 U.S. states.
- Ownership category
- akta.pro rank
Ballator Insurance Group industry classification
Industry- Product category
- Specialty Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (524210), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Captive Insurance Advisory & Management (FSAEADAF)
- akta.pro secondary industries
- Reinsurance Pool / Facility Treaty Participation (FSAOAEAL), Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB)
Keywords
Where Ballator Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Orlando
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ballator Insurance Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Insurance Commissions: Receives commissions paid as a percentage of premiums due to insurance companies. Commissions vary by insurance company, by volume of business placed with that company, and profitability thereof.
- Contingent and Override Compensation: May receive contingents, overrides, profit-sharing, premium finance fees, expense reimbursements, producer subsidies, award trips, meetings and other incentives from insurers, insurance intermediaries, premium finance companies and other vendors.
- Premium Finance Interest: Earns interest on premiums held until it is time to pay the applicable insurance companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Commission-based insurance producer compensation |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels1 record
Ballator Insurance Group product offering
Product offeringCore offering
Ballator Insurance Group is a national insurance organization that provides innovative insurance solutions to niche industry groups underserved by traditional brokers. The company operates as a specialty underwriting organization, pool administrator, risk retention group, captive insurance company manager, and non-traditional insurance provider. Its core deliverables include insurance program and pool development, underwriting and administrative services, retail agency services, excess placement, legislative advocacy, and proprietary data management and analytics powered by the patented RiskMD platform.
Product overview
Ballator Insurance Group operates as a national insurance organization offering a portfolio of proprietary programs, technology platforms, and subsidiary companies. The core offerings include insurance program and pool development, data management services powered by the proprietary RiskMD platform, underwriting and administrative services, legislative advocacy, retail agency services, and excess placement specialists. The group comprises multiple subsidiaries including Non-Profit Insurance Services, World Risk Management, First Florida Insurance Brokers, and Libertate Insurance Services, which collectively serve niche industry groups through specialized programs like the Community Services Insurance Program (CSIP), Public Risk Management of Florida (PRM), and Florida Insurance Trust (F.I.T.). The organization acts as a specialty underwriting organization, pool administrator, risk retention group, captive insurance company manager, and non-traditional insurance provider.
Differentiator
Problem solved
Functional benefit
Products and services
- Non-Profit Insurance Services (NPIS) Program administrator and insurance provider serving non-profit and social service agencies across the United States with property, casualty, and specialized insurance programs.
- World Risk Management (WRM) Exclusive broker and program manager for Public Risk Management of Florida (PRM), a public entity pool insuring approximately $2 billion in Florida property exposures, and broker for public entity accounts.
- First Florida Insurance Brokers
- Libertate Insurance Services Insurance services that identify inherent risks within client workplaces and either place or create insurance mechanisms to effectively manage those risks, serving PEO industry and other specialty clients.
- RiskMD
- Community Services Insurance Program (CSIP)
Quantifiable outcome
- $2 billion in Florida property exposures insured through PRM
- +2 more outcomes
Companies that use Ballator Insurance Group
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Ballator Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ballator Insurance Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Non-Profit Insurance Services (NPIS)coreProgram administrator and insurance provider to non-profit and social service agencies across the United States. Part of the Ballator family of companies providing specialized coverage to non-profit sector.
- World Risk ManagementcoreExclusive broker and program manager for Public Risk Management of Florida (PRM), a public entity pool insuring approximately $2 billion in Florida property exposures.
- First Florida Insurance BrokerscoreRetail agency focused on public entities and non-profits with access to various premier programs in the public entity and non-profit arena.
- Libertate Insurance ServicescoreIdentifies inherent risk within client's workplaces and follows identification by either placing or creating an insurance mechanism to effectively manage the risk.
- Community Services Insurance Program (CSIP)coreInsurance program for non-profit organizations, developed by Non-Profit Insurance Services. Recognized with Business Insurance Magazine Wholesale Brokerage Team of the Year award in 2021.
- Florida Insurance Trust (F.I.T.)coreFlorida Insurance Trust provides insurance pooling opportunities for members. Ballator handles accounting and operations for F.I.T., and is developing a health insurance captive for members.
- Public Risk Management of Florida (PRM)corePublic entity pool insuring approximately $2 billion in Florida property exposures. World Risk Management serves as exclusive broker and program manager.
- Accretive CompminorWorkers Comp Solutions partner within the Ballator ecosystem providing specialized workers compensation solutions.
- Accretive Specialty (Parent Organization)coreBallator Insurance Group is part of Accretive Specialty. Justin Wiley is responsible for developing new programs and capabilities for Ballator and its parent organization, Accretive Specialty.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Ballator Insurance Group competitors and assessment
Company assessmentBroad incumbents
- Amwins Group: Largest specialty wholesale distributor in the U.S. with deep program-management capabilities. Overlaps with Ballator's specialty and program business but operates at far greater scale across many more verticals and geographies.
- Acrisure: Large, rapidly growing insurance brokerage with significant specialty program capabilities and a roll-up strategy of smaller specialty firms. Comparable as a parent-style platform aggregating niche insurance businesses, though operating at materially greater scale.
Direct peers
- Burns & Wilcox: Specialty wholesale brokerage and managing general agent serving niche industries with surplus and specialty lines. Comparable in its verticalized, program-driven approach and reliance on carrier relationships to deliver non-standard products.
- Brown & Riding Insurance Services: National specialty wholesale brokerage focused on niche and hard-to-place risks. Closely comparable to Ballator's program-management model, building dedicated practices around underserved industry verticals rather than competing on generalist scale.
- RPS (Risk Placement Services): Specialty wholesale broker and program manager focused on niche industries. Comparable to Ballator in building dedicated industry verticals and proprietary programs rather than competing as a generalist retail broker.
- Heffernan Insurance Brokers: Mid-sized specialty insurance brokerage with dedicated practice areas for non-profits and public entities. Closely comparable to Ballator's non-profit and public-entity verticals (NPIS and First Florida).
- Worldwide Facilities: National wholesale insurance brokerage focused on specialty commercial and professional lines. Comparable in its niche-vertical specialization and carrier-relationship-driven placement model.
- One80 Intermediaries: Specialty brokerage platform built through roll-up of niche wholesale and MGA businesses. Comparable in its emphasis on specialty verticals, program management, and reliance on data and analytics to underwrite non-standard risks.
- Nonprofits Insurance Alliance Group: Liability insurer and risk pool serving non-profits nationally, including through affiliated risk retention groups. Comparable to Ballator's Non-Profit Insurance Services (NPIS) and CSIP in pooling, mission alignment, and non-profit specialization.
- CRC Insurance Services: Wholesale brokerage and program manager focused on specialty commercial lines. Comparable in its specialty-only distribution model and emphasis on building dedicated industry verticals with carrier partners.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ballator Insurance Group social profiles
Digital presenceBallator Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ballator Insurance Group leadership team
Management profileNumber of profiles
Profiles15 records
Ballator Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries5 records
Ballator Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ballator 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 Ballator Insurance Group
What does Ballator Insurance Group do?
Ballator Insurance Group is a national insurance organization that provides innovative insurance solutions to niche industry groups underserved by traditional brokers. The company operates as a specialty underwriting organization, pool administrator, risk retention group, captive insurance company manager, and non-traditional insurance provider. Its core deliverables include insurance program and pool development, underwriting and administrative services, retail agency services, excess placement, legislative advocacy, and proprietary data management and analytics powered by the patented RiskMD platform.
Is Ballator Insurance Group a public or private company?
Ballator Insurance Group is a private company. It is classified as corporate owned and is currently operating.
When was Ballator Insurance Group founded?
Ballator Insurance Group was founded in 2007. It employs 11 to 50 people.
Where is Ballator Insurance Group based?
Ballator Insurance Group is headquartered in Orlando, United States, in the North America region.
How does Ballator Insurance Group make money?
Three revenue lines are on record. Insurance Commissions are the primary driver. The others are contingent and Override Compensation and premium Finance Interest.
Who are Ballator Insurance Group's main competitors?
Broad incumbents on record are Amwins Group and Acrisure. Direct peers are Burns & Wilcox, Brown & Riding Insurance Services, RPS (Risk Placement Services), Heffernan Insurance Brokers, Worldwide Facilities, One80 Intermediaries, Nonprofits Insurance Alliance Group and CRC Insurance Services.
Does Ballator Insurance Group have an API?
No public API is recorded for Ballator Insurance Group.
What industry is Ballator Insurance Group in?
Ballator Insurance Group's product category is Specialty Insurance Brokerage. Its primary akta.pro industry code is FSAEADAF, Captive Insurance Advisory & Management, with a secondary code of FSAOAEAL, Reinsurance Pool / Facility Treaty Participation. Its NAICS code is 524210 and its SIC code is 6411.