Wellfleet is a Berkshire Hathaway company focused on delivering customer-centric insurance solutions through flexible product offerings and quality service.
Wellfleet was incorporated in 1993 under its original name, Consolidated Health Plans (CHP). Kevin Saremi, founder of the PPO (Preferred Provider Organization) and TPA (Third Party Administrator) company, bought CHP from its original parent company in 1996.
In those early days, the growing company focused on administering student and employer health plans and building long-term business partnerships founded on mutual respect, trust, and communication.
In 2011, Wellfleet, still under the CHP name, was acquired by Berkshire Hathaway, Warren Buffett’s famed holding corporation. CHP Student Health, the branded division serving the collegiate market, continued to expand, gaining coast-to-coast reach in 2014 and becoming the third-largest student health plan administrator in the country in 2016. Administering special risk and employee benefits programs for top-rated insurance carriers gave Wellfleet depth and expertise.
Drew DiGiorgio, hired in 1995 when he was one of just five employees, was named President & CEO in 2015, following Kevin Saremi’s retirement.
In 2017 Wellfleet established, under Berkshire’s MedPro Group, two accident and health insurance carriers: Commercial Casualty Insurance Co. (CCIC) and Atlanta International Insurance Co. (AIIC), which have since been renamed Wellfleet Insurance Company and Wellfleet New York Insurance Company, respectively. The carrier companies have financial strength ratings of A++ (Superior) by A.M. Best (rating effective as of June 30, 2021; visit ambest.com for latest rating).
In 2019, the company rebranded to its new name, Wellfleet, with its distinctive “W” icon.
Wellfleet also launched Wellfleet Workplace in 2019, a new division offering high-quality, customizable benefit solutions through a suite of voluntary products, including Accident, Critical Illness and Short-Term Disability Income insurance. In 2021, Wellfleet launched Lighthouse, its cloud-based, integrated administration platform, creating for the Workplace division a streamlined, personalized, and digitally-connected user experience.
Transitioning from TPA to insurance carrier, and adding a new division, meant more growth – and the need for more office space. Wellfleet moved its offices to Tower Square in 2019, becoming an anchor tenant of the high-rise office building in downtown Springfield, Mass., and added the Wellfleet name and logo onto the tower.
1500 Main Street, Suite 1000, Springfield, MA 01115-5369
Wellfleet is the marketing name used to refer to the insurance and administrative operations of Wellfleet Insurance Company, Wellfleet New York Insurance Company, and Wellfleet Group, LLC. All insurance products are administered or managed by Wellfleet Group, LLC. Product availability is based upon business and/or regulatory approval and may differ among companies. ©2022 Wellfleet Group, LLC. All Rights Reserved.