Vesper Services
Vesper Services (“Vesper”), an industry-leading workers compensation General Agency, was created to support Vesper Risk, a specialized underwriting company that optimizes underwriting expertise with cutting edge technology. Launched in late 2023, Vesper drives bottom line results by performing nearly all aspects of insurance operations from policy administration through policy audit, ensuring positive outcomes for its partners whether that be the carrier partner, the agent, or the insured.

Group 1001, LLC
Group 1001 Insurance Holdings, LLC (“Group 1001”) is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all. Our online investing platform gives individuals control over their savings. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports.

As of September 30, 2024, Group 1001 had more than 1,500 employees and combined assets under management of $66.8 billion. It comprises the following brands: Delaware Life, Gainbridge®, Clear Spring Life and Annuity Company, Clear Spring Property and Casualty Group, Clear Spring Health, the RVI Group, and Vesper, among others.

What We Do

At Vesper Services, we are committed to revolutionizing workers’ compensation insurance through our innovative strategies and specialized expertise as a Managing General Agent (MGA) linked to a strong holding company.

Our comprehensive service offerings encompass every aspect of workers’ compensation, ensuring a streamlined experience for agents and policyholders alike. We provide agent appointments, enabling you to partner with us easily and access our wide array of solutions tailored for your client’s specific needs. Our seasoned professionals excel in negotiation and binding of workers’ compensation coverage, guaranteeing competitive rates and terms that drive value.

Policy administration is at the heart of what we do, with a commitment to efficiency and accuracy that keeps your business running smoothly. Our specialized underwriting entities leverage both low touch and automated processes to deliver meticulous underwriting and back office services. This collaborative approach allows us to provide unparalleled expertise while maintaining the agility required in today’s fast-paced environment.

In addition, we are able to offer dedicated claims administration to ensure that your clients receive prompt and effective support when they need it most. Our team understands that timely claims resolution is key to protecting the well-being of workers and minimizing operational disruptions for employers.

To further align our goals, we provide customized commission incentives designed to empower agents and foster long-lasting partnerships. We believe that by tailoring our commission structures, we can better support your business objectives, drive growth, and enhance profitability.

At Vesper Services, we are more than just an MGA; we are your committed technology and data driven partner in navigating the complexities of workers’ compensation. With our emphasis on unparalleled service, industry expertise, and operational speed, we are here to elevate your experience and ensure success in a competitive marketplace. Let us redefine your workers’ compensation journey together.

Executive Leadership

Brad St. Pierre
Co-President

Brad St. Pierre has deep experience in the workers’ compensation market, having previously served as Chief Operating Officer of Clear Spring Property and Casualty Group and principal of a consulting practice focusing on this industry. His extensive experience encompasses insurance management, regulatory issues, loss reserve studies, ratemaking, and even expert witness testimony. Brad is a distinguished Fellow of the Casualty Actuary Society and a Member of the American Academy of Actuaries.

Derek Schaff
Co-President

Derek Schaff has more than 20 years of experience in property and casualty insurance. Prior to his current role, he was Vice President of Data Science at Clear Spring Property and Casualty Group and has an impressive record of applying analytics to insurance pricing at NCCI and non-standard auto carriers. He is a Fellow of the Casualty Actuary Society.

Nicole Beal
COO

Nicole has over 20 years of experience as a property and casualty insurance industry professional. Over the years, Nicole has provided analytical and operational expertise for multinational insurance companies, managing general agents and software vendors within the property and casualty sector. She has led business development and delivery of a diverse set of specialty niche-market and varied commercial lines products.

Corporate Oversight

James Purvis
Group 1001

James Purvis has more than three decades of experience in the financial services industry. James previously served as Chief Operating Officer for Delaware Life Insurance Company as well as several other entities within the Group 1001 organization.

He joined Group 1001 as part of the initial transaction from Sun Life and also served as COO of Guggenheim Life and Annuity and as a managing director of Guggenheim Partners. His 30-plus years of industry experience includes a variety of accounting, financial reporting and operations roles in the life and annuity, investments and property and casualty fields.