Matthew F. Power, the founder of One80 Intermediaries, is a seasoned professional in the insurance industry with over 30 years of experience. Before establishing One80 Intermediaries in January 2019, Mr. Power held the position of Executive Vice President at Lexington Insurance Company. Throughout his career, he has been recognized as a leading figure in the insurance sector, known for his leadership and innovative contributions.
Mr. Power’s extensive background includes working in both retail and wholesale insurance, which has provided him with a comprehensive understanding of the complexities of the insurance market. This diverse experience served as a solid foundation upon which he built One80 Intermediaries, a dynamic wholesale brokerage and program manager.
The company’s success and growth can be attributed to Mr. Power’s vision, leadership, and a commitment to core values that prioritize integrity and innovation in the insurance industry. Under his guidance, One80 Intermediaries has become a prominent player in the insurance sector.
Becoming a Dominant Specialty Insurance Provider
In September 2023, One80 Intermediaries achieved significant recognition by ranking as the third largest Managing General Agent and Underwriting Manager in the United States, according to Business Insurance. However, the company’s founder, Mr. Power, has a grander vision for One80 Intermediaries that extends well beyond its current achievements.
Mr. Power envisions One80 Intermediaries becoming the preeminent specialty insurance provider in both the United States and Canada. This ambitious vision involves a multifaceted approach:
- Deepening Expertise: The company intends to strengthen its offerings in key areas of expertise. This involves honing its specialization and developing a deeper understanding of specific industry niches.
- Innovative Solutions: One80 Intermediaries aims to be at the forefront of innovation in the insurance industry. It seeks to respond swiftly and effectively to the evolving needs of the market by providing creative and forward-thinking solutions.
- Expansion: The company’s growth strategy includes expansion efforts that span geographical regions. This expansion may involve strategic partnerships, acquisitions, and collaborations with other industry players.
- Exceptional Service: Central to this vision is a steadfast commitment to delivering exceptional service. The company aims to maintain strong relationships with its broker and carrier partners, not only in the United States and Canada but also in Europe and Asia.
By pursuing these strategies, One80 Intermediaries aims to position itself as the go-to specialty insurance provider and realize its vision of becoming a dominant force in the industry across multiple regions.
Core Values of Integrity and Innovation
At One80 Intermediaries, two core values, integrity and innovation, serve as the bedrock of the company’s culture and operations. These values are deeply embedded in every aspect of the organization and guide its decisions and actions.
Integrity is upheld through a commitment to transparency and ethical conduct in all business dealings. The company places great emphasis on open and honest communication with clients, partners, and employees. One80 Intermediaries maintains high ethical standards to ensure trust and credibility in the industry.
Innovation is another fundamental value that drives the company forward. One80 Intermediaries actively fosters a culture of innovation that encourages the generation of fresh ideas and the exploration of new approaches. The company invests in cutting-edge technology and data analytics to stay ahead of industry trends. Regular collaborative brainstorming sessions and cross-functional teamwork further fuel the company’s innovative spirit. Being adaptable to evolving market dynamics is seen as essential to sustaining a competitive edge.
Together, these values of integrity and innovation contribute to One80 Intermediaries’ reputation as a dynamic and forward-thinking player in the insurance industry.
Passion for the Insurance Industry
Mr. Power is deeply passionate about the insurance industry and is driven by a strong desire to make a positive impact within it. Recognizing an opportunity to establish a company that would not only excel in providing high-quality insurance solutions but also place a significant emphasis on the well-being of both clients and employees, he was inspired to bring this vision to life. This vision played a pivotal role in the founding of One80 Intermediaries.
Leadership Qualities and a Vision for Success
As a leader in the insurance industry, Mr. Power recognizes the significance of ongoing growth and development. He remains vigilant about staying informed about industry trends, keeping up with regulatory modifications, and embracing emerging technologies. This dedication to continuous learning empowers him to make well-informed decisions and lead the company effectively in a constantly evolving landscape.
Mr. Power values empathy and adaptability as indispensable qualities for a successful leader. He places importance on being results-driven while also demonstrating compassion and understanding toward his teams. Moreover, he views adaptability as paramount in a world characterized by constant change. Mr. Power believes that leaders who can readily adapt to new circumstances and technologies are better positioned for success.
Building a Team Aligned with Values and Innovation
When it comes to recruiting new team members, Mr. Power places a strong emphasis on several key traits. Firstly, he seeks individuals whose values align with the company’s core principles of integrity, innovation, and client-centricity. Beyond that, he looks for candidates who are proactive, collaborative, and willing to take initiative. Moreover, a dedication to continuous learning and adaptability is highly prized in potential team members. These qualities help ensure that new hires not only fit into the company culture but also contribute positively to its growth and innovation.
Achieving Excellence in Specialty Insurance
In his role as the President of One80 Intermediaries, Mr. Power holds significant responsibilities. These include establishing the company’s strategic direction, managing its daily operations, and ensuring its ongoing growth and success. Additionally, Mr. Power plays a pivotal role in cultivating and maintaining strong relationships with clients and industry partners. His leadership is instrumental in guiding the company towards its goals and solidifying its position in the insurance industry.
Leading One80 Intermediaries into the Future of Insurance
The insurance industry has been undergoing significant transformations, largely driven by technological advancements. Automation and data analytics have revolutionized underwriting processes, making them more efficient and precise. The emergence of insurtech companies has introduced innovative solutions for insurers and customers alike. Moreover, evolving customer expectations have led to a demand for more personalized and user-friendly experiences, which technology has enabled.
Under the leadership of Matthew F. Power, One80 Intermediaries has emerged as more than just a specialty insurance firm; it has become a symbol of integrity and innovation within the industry. Power’s unwavering commitment to these values, combined with his extensive experience, has positioned the company for success. As the insurance sector continues to evolve, One80 Intermediaries stands ready to lead the way by embracing technology and delivering exceptional service to broker partners and carrier partners worldwide.
Written by Steve Sanchez.
