Atlanta, GA – LeaseTerm™ Insurance Group, LLC (LTI) has announced the introduction of LeaseTerm Insurance, an innovative business solution that helps multi-family property owners and managers reduce the risk of lease defaults and turnover expense.
“In today’s economic climate, property owners and managers are looking for new and innovative ways to reduce their risk and improve their bottom line. LTI is a powerful, new risk transfer solution that will help property owners and managers reduce expenses and increase their revenue and NOI, ultimately raising the value of their assets,” explained Walter Shealy, Chief Executive Officer of LeaseTerm Insurance Group, LLC.
The introduction of LeaseTerm Insurance is a major milestone within the real estate and insurance industries. This innovative new solution fulfills a significant need within the multi-family marketplace. LTI can man make a significant, positive impact on both operational and strategic results for property owners and managers. LTI is underwritten by the Great American Insurance Group, rated “A” (Excellent) by the A.M. Best Company for over 100 years.
Shealy has been a financial services innovator for 40 years in banking, capital markets, insurance, real estate, acquisitions, and strategic consulting. He was one of the seven founders of Amerin Insurance Company, the first wholesale mortgage insurance company in the industry. He was also a founder of WDS Investments, Inc., a strategic consulting firm, and in 2005 he joined ITC Holding Company where he served as CEO of both ITC and GVG Holding Company.
“Working together with Great American Insurance Group, we have created an insurance product that transfers risk and expense away from the property owner. This enables an extreme reduction in the hard and soft costs normally associated with lease defaults and turnover. This includes administration of security deposits, collections, eviction, and recovery expenses,” explained M. Derek Thomas, one of LTI’s co-founders and managing directors.
“We are really excited to be distributing LTI through a select network of preferred insurance brokers across the country. Each broker has the expertise and training required to deliver first-class service and customized solutions, tailored to each property within a portfolio,” explained Thomas.
Thomas comes to LeaseTerm Insurance Group, LLC as the former Senior Vice President of Strategy / Business Development and Chief Sales Officer of Aon Affinity Insurance Services. He has over 25 years of progressive leadership experience with insurance company and brokerage firms, Internet and e-commerce companies, and non-profit sector organizations. Thomas has served in a number of executive positions with the Chubb Group of Insurance Companies and GMAC Insurance.
LeaseTerm Insurance Group, LLC provides more information through a web site www.LeaseTermInsurance.com
About LeaseTerm Insurance Group, LLC
LeaseTerm Insurance Group, LLC (and its subsidiary DBAs) is a Managing General Agency specializing in LeaseTerm™ business solutions, initially serving the Multi-family Real Estate segment. We have assembled a team of thought leaders garnering over 150 years of combined expertise in risk management, financial services, real estate, private mortgage insurance, underwriting, leasing, banking, affinity sales and marketing, business development, predictive analytics, channel management and strategic alliances.
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