PHILADELPHIA — Allied Building Material Agency (ABM) has announced a rebrand to Green Tree Risk Partners, a name with a longstanding history in Philadelphia. A member company of Philadelphia-based Pennsylvania Lumbermens Mutual Insurance Group (PLM), Green Tree Risk Partners operates as a wholesale brokerage and program business placement specialist providing workers’ compensation, property, casualty, commercial auto, umbrella and other coverages for wood-related businesses throughout the US.
Green Tree Risk Partners is named after the historic Mutual Assurance Company for Insuring Houses from Loss by Fire, commonly referred to as the Green Tree, a company with deep roots in the history of the city of Philadelphia. Dating back to 1784, the Green Tree was founded by former policyholders of the Philadelphia Contributionship to insure those who were denied coverage because they had trees on their property. The history of the Green Tree mirrors that of PLM’s, which as a company was formed as a solution to offer coverage to those with unique needs. PLM was founded more than 125 years ago by lumbermen for lumbermen and continues to specialize in serving the insurance and risk management needs of the lumber and wood niche.
“The Green Tree name carries tremendous value within Philadelphia and among the insurance community for its rich history of more than 230 years,” said Angelo Ganguzza, vice president & general manager of brokerage operations at PLM and Green Tree Risk Partners. “Green Tree Risk Partners will continue to offer specialized products and services to our insureds in the wood niche, providing tailored workers’ compensation packages and more to meet the unique needs of lumber and wood-related businesses across the country.”
Green Tree Risk Partners will work alongside PLM with business owners in the wood specialty to provide workers’ compensation and related coverages to complement PLM’s suite of products and services.