Deposit Choice Positioned for Continued Growth

Positioning the company for continued strong growth, Deposit Choice, a leading provider of deposit surety bonds and renters insurance for the multifamily industry, announced several new initiatives to expand its leadership position in the multifamily insurance industry. The company expanded its leadership team with the addition of a top insurance industry executive, Dave Sandoz, to its executive ranks. Sandoz will lead and expand the company’s insurance business and add to Deposit Choice’s high level of expertise and experience.

Sandoz joined Deposit Choice, a partner of BetterNOI, as its Vice President of Surety and Insurance Products. His career spans over 40 years, beginning at a Western Surety Company in 1977, where he worked his way to vice president and head of underwriting. Later Sandoz joined RLI Insurance Company in the fall of 1992 with the task of starting and developing RLI’s surety division. Sandoz remained in a leadership position with RLI until his retirement from the organization at the end of 2016. RLI underwrites and remains the provider of choice for many of Deposit Choice’s surety bond and insurance products.

“I’m honored to join a dynamic company and to help take the company to the next level. I’ve been working in this industry for forty years, and I’ve never seen a market segment with such tremendous promise. I’m excited to drive new growth and bring the highest level of service and expertise to Deposit Choice and its insurance products,” commented Sandoz.

Further positioning Deposit Choice for long-term success, the company also announced the completion of a project led by Hinshaw & Culbertson LLP to proactively identify and update operational best practices. As part of the project, the firm created recommended strategies for optimizing company performance. Hinshaw & Culberson LLP is a national law firm with a prominent regulatory and insurance practice.

“Our attorneys have decades of experience in insurance, and we appreciate Deposit Choice’s proactive approach to become a leading voice in the multifamily and insurance industry,” said Robert Wagner, a partner at Hinshaw & Culbertson LLP and former acting director of the Illinois Department of Insurance.

“Our focus on developing and maintaining strategic partnerships is part of the reason for our continued growth the past few years. Working together with Dave, the Deposit Choice team and Hinshaw & Culbertson LLP, we have made intentional strategic changes to ensure that we are able to offer the highest caliber of insurance products and services to our multifamily customers,” explained Timothy J. Fortner, Executive Chairman of BetterNOI.

Share article on social media or email: