NEW YORK, March 5, 2014 – First Fidelity Brokerage, Inc. a leading independent insurance broker, has been awarded a contract to insure the prestigious Weill Cornell Medical College in Manhattan.
Eugene B. Podokshik, President and CEO of First Fidelity Brokerage, said his firm competed against the global brokers for this iconic institution.
Thomas Lawrence, Senior Director Risk Management for WCMC said, “The terms secured by First Fidelity Brokerage were superior to those of the other brokers.”
In addition to the Weill Greenberg Center, Lasdon Biomedical, Niarchos / Harkness Pavilion and many other renowned NYC buildings, the new program includes the brand new, state-of-the- art Belfer Research Building, an 18-story structure devoted to research targeting the most difficult illnesses.
The Medical College was able to reduce its premium rate over the expiring policy even in a hard market and significantly improve coverage terms and conditions, according to Anthony Montimurro, First Fidelity’s Executive Vice President, who worked on the negotiations with the insurance carriers. “This is another example of First Fidelity’s ability to provide risk management and risk transfer solutions in the middle market and the higher education sphere,” Montimurro said.
Founded in 1994, First Fidelity Brokerage is a leading property and casualty insurance broker. First Fidelity Brokerage, Inc. is headquartered in New York City and has a niche specialization in real estate, construction, and education. The website is www.ffbinsurance.com.