Varney expands into New York property market

Varney Insurance, an agency covering commercial and private clients, has announced the expansion of its US business into the New York property market with the opening of its real estate head office in Manhattan. The company has also announced the appointment of Patrick Yannotta as senior vice president in commercial real estate.

Varney is a family-owned real estate insurance firm that offers business and personal insurance in North America. The company offers personalized insurance coverage by designing a tailored program for each client, including an in-depth analysis of lender requirements, a contractual review to offload liability and cover contractor failures, and risk transfer alternatives.

Yannotta has a decade of experience in New York commercial real estate and development site sales. During his career, Yannotta has helped close more than 400 commercial real estate transactions with an aggregate value of more than $12.5 billion. He joins Jack Cowie IV, Varney’s senior vice president, and the Varney team in the New York office. Cowie has more than 10 years of experience in commercial real estate risk, and in the last two years has placed more than $2 billion of risk for commercial real estate clients.

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“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,” said Mike Varnet, executive vice president of Varney. “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.”

“I’m excited to be joining Varney to launch into the New York market,” Yannotta said. “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.”