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Cleoda (Clay) Mayweather III has been the senior underwriter on the cannabis team at Professional Program Insurance Brokerage (PPIB) since 2013, coming to the company after working in the wholesale business. Working with carriers and the underwriting staff, Mayweather develops applications, quote templates and unique policy forms, and is regularly asked by retail brokers to provide tips on how to work with cannabis businesses.
Due to his rapport with brokers and carriers, Mayweather has helped to turn the cannabis program into PPIB’s fastest-growing business and also has an excellent quote-to-bind ratio. As PPIB expands its cannabis program into more of a wholesale model, Mayweather is playing an instrumental role in developing more options for brokers.