Trinity Underwriting Managers Inc
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Trinity Underwriting Managers Inc - overview
Established
2008
Location
Pooler, GA, US
Primary Industry
Insurance
About
Trinity Underwriting Managers Inc (TUMI) is an insurance provider specializing in niche transportation risks, delivering tailored insurance solutions to meet the specific needs of clients in the transportation industry. Founded in 2008 and headquartered in Pooler, US, Trinity Underwriting Managers Inc focuses on providing specialized insurance solutions for the transportation sector. The firm has remained consistent in its business strategy since inception and has not undergone any significant pivots. TUMI does not have any known subsidiaries or parent companies.
The company was acquired by Worldwide Facilities, a portfolio company of Lovell Minnick Partners, in December 2016, but financial terms were not disclosed. The founder's history is not publicly available. Trinity Underwriting Managers (TUMI) specializes in providing insurance solutions for niche transportation risks that are often difficult to place in the market. The company's core offerings include comprehensive programs for various sectors such as towing, intermodal transportation, commercial trucking, dump truck fleets, and repossession services.
TUMI addresses the unique needs of clients, including local, intermediate, and long-haul trucking companies, with a focus on cargo and physical damage coverage. Utilizing industry-leading technology and hands-on underwriting practices, TUMI ensures effective risk management, offering value-added services like telematics and forward-facing cameras to enhance safety and operational efficiency. The firm primarily serves clients across the United States, targeting transportation professionals, lending institutions, and businesses requiring specialized insurance products in the transportation sector. The revenue model for Trinity Underwriting Managers (TUMI) operates on B2B transactions, partnering with reputable insurance carriers to distribute specialized insurance products.
Clients, including trucking companies and repossession contractors, engage with TUMI to obtain coverage tailored to their specific operational risks. Transactions involve the establishment of underwriting agreements that facilitate premium pricing based on the client's risk profile and coverage needs. While specific pricing plans are not disclosed, TUMI's competitive programs reflect a structured approach where clients pay premiums for comprehensive coverage options that cater to various transportation-related exposures. The firm operates effectively within the insurance distribution landscape, leveraging its affiliation with Amwins to optimize coverage solutions for its clientele.
Trinity Underwriting Managers Inc plans to enhance its market presence by developing new insurance products tailored to emerging transportation risks. The company is exploring expansion into additional regional markets across the US, focusing on states with increasing logistics demands. The recent acquisition in December 2016 by Worldwide Facilities is expected to provide the necessary resources to support these initiatives as they aim to leverage synergies for growth.
Current Investors
Worldwide Facilities, LLC
Primary Industry
Insurance
Sub Industries
Commercial Insurance
Website
http://tumi-ins.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Trinity Underwriting Managers Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Trinity Underwriting Managers Inc | - |
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