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A century of independent service: Van Gilder Insurance Corp. marks a milestone with sales of more than $400 million.


Van Gilder gild 1  
tr.v. gild·ed or gilt , gild·ing, gilds
1. To cover with or as if with a thin layer of gold.

2. To give an often deceptively attractive or improved appearance to.

3.
 Insurance Corp. of Denver, one of the largest independent insurance brokerage firms in the Rocky Mountains Rocky Mountains, major mountain system of W North America and easternmost belt of the North American cordillera, extending more than 3,000 mi (4,800 km) from central N.Mex. to NW Alaska; Mt. Elbert (14,431 ft/4,399 m) in Colorado is the highest peak.  region, celebrates its 100th anniversary this year. A full-service agency with an emphasis on commercial insurance, the company provides a variety of insurance products and services, including employee benefits, 401(k) plans, personal lines, marketing of insurance products, loss control, risk assessment and management, surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act.


surety n.
 and claims coordination services. It also specializes in aviation, construction, executive risk, health services health services Managed care The benefits covered under a health contract , hospitality, technology and professional liability for architects, engineers and lawyers.

The company was founded in 1905 by Hal Van Gilder. His son, Dell Van Gilder Sr., joined the firm in 1926, and grandson Dell Van Gilder Jr., the current company chairman, joined in 1963. Today, the company has 240 employee-owners and the Van Gilder family, now in its fourth generation at the firm, remains at the helm.

"One hundred years ago it was really just one [employee]--and that was Hal Van Gilder," said Sandie Clay, the company's business development administrator. "He was just an office of one when we started back in 1905. In the '50s, we had maybe an office of eight to 10 employees. The majority of the growth has been since the early '80s."

Technological advances over the past century, such as the advent of the computer age and creation of the Internet, have helped Van Gilder Insurance grow. In 1969 the company incorporated and hit the $1 million mark in sales, fulfilling a promise made by Dell Van Gilder St. to his father, Hal, who passed away that year. By 1978 Van Gilder Insurance had reached annual sales of $3.5 million, attracting numerous buy-out buy·out also buy-out  
n.
1. The purchase of the entire holdings or interests of an owner or investor.

2. The purchase of a company or business:
 offers. Rather than sell, the company decided to compete and grow--acquiring 15 agencies during 25 years. In 1993, Dell Van Gilder Jr. fulfilled a pledge made to his father by bringing sales up to $100 million.

The company now boasts 2004 year-end sales of more than $400 million, with nine offices in Colorado, Arizona, Kansas, Texas and Utah. It also is the Colorado representative for Assurex Global, which has 57 large independently owned insurance brokerage firms worldwide. And the fourth generation, Andy and Michael Van Gilder, have set their sights on achieving $1 billion in annual sales.

"People tend to laud me for building such a company," Dell Van Gilder Jr. said in a statement. "I've been lucky because I've been able to hire some great employees. It is those employees that have created our success."

And although founder Hal Van Gilder didn't get to see the company's growth, he would be amazed a·maze  
v. a·mazed, a·maz·ing, a·maz·es

v.tr.
1. To affect with great wonder; astonish. See Synonyms at surprise.

2. Obsolete To bewilder; perplex.

v.intr.
 at what his progeny PROGENY - 1961. Report generator for UNIVAX SS90.  has achieved, Van Gilder Jr. stated. "We have been blessed with significant growth over the years and have high aspirations aspirations nplaspiraciones fpl (= ambition); ambición f

aspirations npl (= hopes, ambition) → aspirations fpl 
, but the secret remains taking good care of every client, every day," he said.

Looking toward the next century of business, Van Gilder Insurance plans to continue service to its clients, pursue continued growth, and remain faithful to its original mission statement: "To minimize our client's burden of financial loss by providing insurance and risk management services with dependability dependability - software reliability  and integrity."
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Agent/Broker
Author:Cavanaugh, Bonnie Brewer
Publication:Best's Review
Geographic Code:1USA
Date:Oct 1, 2005
Words:515
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