PDA Q&A: Alan Jay Kaufman, E-Interview

Interview with CEO of H.W. Kaufman Financial Group in Farmington Hills.


Published:

DB: Where are you?

AK: In London. I’m here for a week. Our company, H.W. Kaufman Financial Group, has three offices here in Lo

ndon and more than 100 people in the financial district. I’m at our office that’s about a block and a half from Lloyd’s of London.

DB: How long have you had operations in London?

AK: We opened the first office in 2006, but we’ve been doing business here since the early 1970s. I come here twice a year, and every trip has been a little different. I like to see what’s going on, as we have a significant investment in our people and our offices. Today, we had three board meetings.

DB: What happened at the board meetings?

AK: We talked about acquisition opportunities — and, in some cases, we’re talking to the target companies (which may be acquired). We talk with the lender brokers at Lloyd’s, and we talk to their underwriters. It’s important to maintain relationships with the insurance companies in the greater London market, as their insurance capabilities, facilities, and talent represent a little more than 10 percent of our business.

DB: What’s yourglobal reach?

AK: We do business in more than 65 countries. Some of our clients have factories or architectural firms, and we use a lot of creativity and innovation to best service their overall insurance needs. We’re always looking to expand — we’re growing in Farmington Hills, and we’re looking to open an office in Detroit.  Michigan remains our financial center for business accounting, investments, human resources, and education.

DB: What’s are the latest insurance trends?

AK:  We’re adding cyber liability coverage as a feature to our existing policies. Our goal is to provide the best coverage and the best price, but it’s difficult when you’re working with different cyber laws in different countries. We’re also expanding our offerings as they relate to large properties, like the older buildings you’re seeing being renovated in downtown Detroit.

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Eyes Up

Avantius Group in Birmingham invests in proven health supplements.

Spread Order

Sign Up

Bringing content for the deaf and hard-of-hearing to a global audience.

Snow Much Fun

The spirit of the holidays is aglow at a Bloomfield Hills business all year long.

Green and Smart

NextEnergy in Detroit transforms its mission to drive new transit solutions.
Edit ModuleShow Tags

Most Popular

  1. Detroit Neighborhoods Receive $35M in Commitments for Improvements
    Detroit neighborhoods will get $35 million in commitments from seven companies, Mayor Mike Duggan...
  2. Bedrock Breaks Ground on Detroit’s Monroe Blocks Mixed-use Project
    Detroit’s Bedrock today broke ground on its 1.4-million-square-foot Monroe Blocks project,...
  3. DoubleTree by Hilton Opens New Luxury Hotel in Bloomfield Hills
    Metro Detroit’s newest luxury hotel, the DoubleTree by Hilton that was redeveloped from the...
  4. Report: Michigan Must Attract, Retain College-educated People to Create Broad Middle Class
    Michigan Future Inc. today released a report saying Michigan must create regions anchored by...
  5. Bloomfield Hills’ Agree Development to Acquire 100+ Sherwin-Williams Retail Properties
    Bloomfield Hills-based Agree Realty Corp. Tuesday announced that through its subsidiary,...
  6. Livonia’s Pet Supplies Plus Acquired by Sentinel Capital Partners
    Livonia’s Pet Supplies Plus, the third-largest pet store chain in the U.S., has been sold to...