Wholesale broker Embrace Partners has announced a strategic partnership with EPIC Insurance Brokers & Consultants, marking a significant milestone as it enables clients, retail brokers, and insurance carriers to receive diversity credits for premiums paid through Embrace, a first in the insurance industry due to Embrace’s minority business enterprise (MBE) certification.
Prior to this partnership, the wholesale brokerage landscape lacked MBE-certified participants, it was stated.
David Cayemitte, president and CEO of Embrace, expressed enthusiasm about the partnership with EPIC, highlighting the growing demand among corporations to allocate procurement expenditures towards businesses that reflect the diversity of their customer base, including minorities, women, and veterans.
“Embrace offers insurance buyers, brokers and carriers the ability to incorporate diversity into insurance distribution,” Cayemitte said.
Christine Sadofsky, executive managing director of EPIC’s Entertainment & Sports Practice, also shared her excitement about the collaboration, emphasizing the alignment with EPIC’s core values of diversity, equity, and inclusion.
“As a prior Women Business Enterprise owner, myself, I know the challenges that diverse businesses face,” Sadofsky said. “The EPIC/Embrace partnership will allow us to provide our clients the opportunity to build their culture of inclusion, while supporting the growth of a diverse business.”
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