New York, Monday 28th February 2022: Varney, an insurance agency covering commercial and private clients, is today announcing the expansion of its US business into the New York property market with the opening of its real estate head office in Manhattan and the appointment of Patrick Yannotta as Senior Vice President in Commercial Real Estate.
Varney is a family-owned real estate insurance business covering business and personal insurance in North America. It offers highly personalized insurance coverage by designing a bespoke insurance program for each individual client. This includes in-depth analysis of lender requirements, a contractual review to off-load liability, and cover contractor failures and risk transfer alternatives. All Varney’s claims are handled by a dedicated claims advisor.
Patrick Yannotta brings a decade of New York commercial real estate and development site sales experience to the role. During his career, Yannotta worked alongside Bob Knakal and their team closed over 400 commercial real estate transactions with an aggregate value of over $12.5 billion. Yannotta joins Varney’s Senior Vice President Jack Cowie IV and Varney’s real estate team in the new New York office. Cowie has over 10 years experience of commercial real estate risk, and in the last two years has placed over $ 2 billion of risk for commercial real estate clients.
Mike Varney, Executive Vice President of Varney, said: “We are delighted to be opening Varney’s real estate head office in Manhattan and appointing Patrick Yannotta to join Jack Cowie IV and our ever-expanding New York team. Patrick has extensive New York real estate experience and brings a unique perspective on commercial property to the business. Jack Cowie IV has exceptional commercial real estate credentials, and together they make a powerful combination that we believe will shake up the New York real estate insurance market and grow Varney’s footprint.”
Patrick Yannotta, Senior Vice President, Commercial Real Estate of Varney, said: “I’m excited to be joining Varney to launch into the New York market. Varney is completely unique to other New York real estate insurers who compete solely on price, whereas Varney designs the insurance program around the client’s needs. I’m looking forward to showing New York’s real estate owners that Varney’s entrepreneurial approach gives them the highly personalized service that’s been missing.”
As part of the New York expansion, Varney is also launching its largest integrated Marketing campaign targeting real estate owners in New York. The campaign includes targeted out-of-home advertising, social media marketing, PR and a launch event, hosted by Yannotta and Cowie.