For more than 25 years, Wellfleet has provided health and accident insurance solutions that help people protect themselves from risk and maintain healthy lives. Our approach has always been to provide customer-centric insurance solutions, by being accessible, responsive, and flexible, and with uncompromising ethics.
2019 is a year of change, with the new Wellfleet name, brand, and corporate structure, as well as a new line of products sold at the workplace.
Wellfleet’s four divisions – Wellfleet Student, Wellfleet Special Risk, Wellfleet Rx, and Wellfleet Workplace – bring clients and members a range of accident and health insurance solutions, delivered with quality service and uncompromising ethics.
Pre-Wellfleet History –
Back in 1993, Wellfleet was incorporated under its original name: Consolidated Health Plans (CHP). Kevin Saremi, the founder of the PPO (Preferred Provider Organization) and TPA (Third Party Administrator), bought CHP from its original parent company in 1996.
CHP’s current President & CEO, Drew DiGiorgio was hired in 1995, when he was one of just seven employees. Even in those early days, the company was clearly on a trajectory of growth and expansion, thanks to managers’ focus on building long-term business relationships founded on mutual respect, trust, and communication. In 1996, employees moved into a larger office at 195 Stafford St. in Springfield, Mass., remodeling the building in sections as the company expanded.
From the late 1990s on, the TPA’s growth – in client base, market share, employee numbers, and revenue – was steady and strong. In 2008, the company moved to its current office at 2077 Roosevelt Avenue in Springfield, Mass.
In 2011, Wellfleet, still under the CHP name, was acquired and became an indirect subsidiary of Berkshire Hathaway, Warren Buffett’s famed holding corporation. Contracts to administer services for Nationwide’s special risk and employee benefits products gave depth to Wellfleet’s expertise. CHP Student Health, the branded division serving the collegiate market, continued to expand, gaining coast-to-coast reach in 2014 and becoming the 3rd largest student health plan administrator in the country in 2016.
Drew DiGiorgio was named President & CEO in 2015, following Kevin Saremi’s retirement. The same year, Wellfleet was re-aligned under Berkshire Hathaway subsidiary MedPro Group. In 2016, Wellfleet opened its first satellite office in Florence, South Carolina.
In 2016, Wellfleet established, with MedPro Group, two Accident and Health insurance carrier companies: Commercial Casualty Insurance Co. (CCIC) and Atlanta International Insurance Co. (AIIC). These carrier companies, currently in the process of being renamed Wellfleet Insurance Company and Wellfleet New York Insurance Company, respectively, received financial strength ratings of A++ (Superior) by A.M. Best, ratings most recently reaffirmed on July 11, 2018.