Appulate 5.0 Launched
Appulate’s Largest Release To-Date Offers Carriers, Brokers and MGAs State Of The Art Submission Workflow For All Lines Of Business
Agoura Hills, CA – June 12, 2015 Appulate, Inc., the leading provider of submission management automation for the property and casualty sector of the insurance industry has launched Appulate 5.0.
The release (touted as Appulate’s largest to-date) was a project that took nearly 18 months to complete and addresses the needs of all stakeholders in the submission process by offering highly sophisticated submission automation with a much more intuitive and simple user experience.
“Appulate 5.0 is a major milestone in the continuing evolution of our submission management system,” said Dimitri Nikouline, Co-Founder and Chief Technology Officer at Appulate, Inc. “Our portal features advanced automation such as rules-based underwriting, rating, quote generation and insurance forms coupled with electronic signature”, added Nikouline.
Among the many highlights of Appulate 5.0 are both a new “slick” user-interface that significantly improves the submission workflow and makes using Appulate far more intuitive and user-friendly. Additionally, Appulate has made sizable improvements to the overall performance of its product – improving speed and reliability.
“Every industry stakeholder is looking to modernize how they do business,” remarks Nikouline. “Some are looking to bridge data from the agents, some are looking to automate quoting and some simply want to increase the efficiencies of their back-office. With Appulate 5.0, there is really something for everyone,” said Nikouline.
About Appulate
Founded in 2005, Appulate offers an unprecedented level of connectivity to streamline business processes through its innovative abilities to bridge data between insurance systems. Today, Appulate technology is used by more than 14,000 agents and has been recognized by key industry groups and analysts for its contribution to time and cost savings. The combination of Appulate’s advanced technology, outstanding level of service and high value proposition have made them one of the fastest growing technology companies that serve the insurance industry.
Visit Appulate at www.Appulate.com
New program for franchised RV dealers open to agents.
FORT WAYNE, IN. (June 3, 2015) - K&K Insurance Group, Inc., a subsidiary of Aon plc (NYSE:AON), today launched an expansion of our franchised powersport dealership program adding recreational vehicle (RV) dealers. RV dealers will now have access to our comprehensive program joining the motorcycle, personal watercraft, snowmobile and ATV industry dealerships. No prior appointment or agreement is needed for agents to submit applications for a quote.
Coverage options for franchised RV dealerships may include property, general liability, inland marine, crime, garage liability, garagekeepers coverage, employment practices liability (limited states), excess and workers' compensation. Dealer physical damage coverage is not available. Limits of $1 million with up to $25 million excess are offered.
"K&K Insurance has more than 30 years of experience providing coverage to franchised motorcycle and powersport dealerships," said Lita Mello, senior vice president of K&K's Recreation Division. "With an experienced staff of underwriters and claims managers that understand the specific needs of dealerships, we are well-prepared to provide exceptional service to insurance agents and their RV dealership clients."
The franchised RV dealership program is available in all states except the following: DC; MA; MN; NJ; and VA. Coverage is offered on either an admitted or surplus lines basis depending on the state and provided through an insurance carrier rated "A+" (Superior) by A.M. Best Company. For underwriting guidelines and applications, please call 800-552-9253, visit www.kandkinsurance.com or email KK.Dealership@kandkinsurance.com.
All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy.
K&K Insurance Group, Inc. is a licensed insurance producer in all states (TX license #13924); operating in CA, NY and MI as K&K Insurance Agency (CA license #0334819).
Media Contact:
For further information, please contact K&K Insurance: Lorena Hatfield (260.459.5663)
K&K Insurance Group, Inc., a subsidiary of Aon plc, is a managing general underwriter offering insurance products and services to the sports, motorsports, recreation, leisure and entertainment industries.
Follow K&K on Twitter: https://twitter.com/KKinsuringfun
Follow K&K on Facebook: https://www.facebook.com/KKInsurance
NAS Insurance Announces National Expansion for
Cyber Liability and Tech E&O Team
Encino, CA: NAS Insurance today announced the expansion of its Cyber Liability and Technology E&O team. NAS underwriting leadership now provides operations in Boston, Atlanta, Chicago and Los Angeles.
"We're excited to announce the expansion of our team and our overall tech and cyber business," remarked Michael Palotay, SVP of Underwriting and NAS' Tech and Cyber team leader. "While we've been growing rapidly over the past 5 years, we have been searching for the right people that will help us best serve our clients. We've got that team in place now and are excited to grow the business together."
NAS Insurance has hired Jared Hopkins as Assistant Vice President for the Southeast region in Atlanta, Michael Karbassi as Assistant Vice President for the Northeast region in Boston, and Claude Ronnel as Vice President for the Midwest region in Chicago. Genevieve Alexander rounds out the team as Vice President for the Western region, based in the Los Angeles office.
"This regional approach is designed to place NAS staff in closer proximity to our clients and partners," adds Richard Robin, CEO of NAS Insurance. "For over 30 years, we've operated from our headquarters in California and have built a strong culture of innovation and entrepreneurship. To be able to extend our services and create a more national footprint is an exciting step in the evolution of our business."
NAS Insurance is a full-service specialty insurance underwriting manager that provides innovative product development, underwriting, marketing, risk management, and claims handling services for a broad range of specialty insurance products.
For more information about this program, please contact:
Jeremy Barnett
Senior Vice President Marketing
NAS Insurance Services
818.382.6116
Beacon Hill Associates Launches Environmental Insurance
e-Publication, The Summit
Beacon Hill Associates, Inc. is pleased to announce its new quarterly e-magazine, The Summit. This digital publication captures the discussion and analysis of important topics in the environmental and energy insurance marketplace.
Beacon Hill embraces innovative thinkers in this specialty arena and strives to equip agents with the tools and insights to have a better understanding of current issues, coverages, and trends. They recognize the importance of giving readers a unique informational perspective from a broker-managed news source. Read the first issue, which focuses on Market Trends: https://summit.b-h-a.com/1/1
Now in its 25th year of business, Beacon Hill Associates, Inc. is a leader in providing environmental and energy coverages to agents around the country. They take pride in offering their agents and insureds effective coverage from quality carriers in a fast, efficient manner. Beacon Hill takes a consultative approach to its business, and has developed many resources they make available to partner agencies to help educate their clients about environmental exposures. Beacon Hill currently writes business in forty-eight states, and corresponds with over 4,000 agents regularly. Having handled more than 50,000 accounts since 1990, they have the experience necessary to be successful in today's competitive marketplace.
Additional information on Beacon Hill Associates and its products and services can be found at
www.b-h-a.com or by calling 1-800-596-2156.
V3 Launches Community Association Package Program
V3 CAPP+ is a multi-line policy backed by Hiscox USA Group
May 27, 2015 - Newtown, Pa. - V3 Insurance Partners LLC today announced it has launched V3 CAPP+, a new package program for condominium & homeowner associations, cooperative apartments and office condominium associations.
V3 CAPP+ is backed by Hiscox Insurance Company, Inc., rated A (Excellent) by A.M. Best Company. The multi-line policy is designed to cover the needs of community associations, insuring the property, crime, general liability and directors and officers needs of targeted community association clients.
"The real value in the program is the package approach, which makes it easy for the board of the community associations to buy one policy that addresses all of the typical exposures they encounter," said Susan Rivera, V3 President and CEO.
According to Jason Holmes, V3 Chief Partnership Officer, the V3 form is enhanced to include key property sub-limits addressing community association exposures, such as machinery and equipment breakdown, employee dishonesty, landscaping and elevator collision. "Our D&O section includes enhancements for Crisis Management Expense and Privacy Event Protection to address these emerging risks," he said.
With limits available up to $50 million, V3 will launch the program initially in the following states: AZ, CA, CO, CT, GA, IL, IN, MA, MI, MN, NJ, NY, NV, OH, OR, PA, TN, UT, VA and WA.
For additional information on this product, please contact Jason Holmes at 215-600-0745 or jason.holmes@v3ins.com.
About V3 Insurance Partners LLC
V3 Insurance Partners LLC (www.V3ins.com) is a Newtown, Pa.-based Specialty Program Administrator offering insurance programs targeted at middle market companies. Its four major practice groups are Internet Workers' Compensation, Transportation, Professional Lines and Property/Casualty, each managed by industry leaders chosen for their talent, expertise and integrity. V3's focus is creating value for its carrier partners, producers and insureds.
V3 Launches Rental V3antage Program for Auto Rental Industry
Multi-line insurance program is led by auto rental insurance veterans Donald Barrand and Brad Stubbendieck
April 27, 2015 - Newtown, Pa. - V3 Insurance Partners LLC today introduced Rental V3antage®, a new multi-line insurance program for the daily auto rental industry, including nationally franchised rental agencies and independent auto rental operators.
Rental V3antage® is a guaranteed cost program written through an insurance carrier rated A+ by A.M. Best Company, and will be available in all states except Massachusetts and Hawaii.
"The V3 Rental V3antage® program brings together a veteran team with deep auto rental experience and expertise," said Don Barrand, senior vice president and transportation national practice leader for V3. "We're pleased to bring a quality program to the market, along with specialized industry expertise in claims administration."
Barrand's experience in the auto rental insurance industry dates back to the 1980s. He was involved in the development of the first licensee/independent operator rental association, ACTIF (Association of Car and Truck Independents and Franchisees), and was a member of its board of directors. Barrand, along with V3 vice president Brad Stubbendieck, will manage the Rental V3antage® program.
Rental V3antage® coverage includes Auto Liability, UM/UIM (uninsured and underinsured motorist), PIP (personal injury protection), Auto Physical Damage, General Liability, Property, Inland Marine and Crime. Liability limits up to $5M in house with higher limits available.
Insurance agents and brokers can contact Don (913-297-7468) or Brad (913-297-7469) at don.barrand@v3ins.com or brad.stubbendieck@v3ins.com.
About V3 Insurance Partners LLC
V3 Insurance Partners LLC (www.V3ins.com) is a Newtown, Pa.-based Program Administrator offering insurance programs targeted at middle market companies. Its four major practice groups are Internet Workers' Compensation, Transportation, Professional Lines and Property/Casualty, each managed by industry leaders chosen for their talent, expertise and integrity. V3's focus is creating value for its carrier partners, producers and insureds.
New website offers agents capability to quote and buy entertainers' liability insurance online
FORT WAYNE (April 23, 2015) - K&K Insurance Group, Inc., a subsidiary of Aon plc (NYSE:AON), today launched a new website, www.EntertainerInsurance-kk.com, offering liability coverage for U.S.-based bands and solo entertainers that perform on an independent contractor basis. Agents purchasing coverage through the new website earn 10 percent commission; no prior agent appointment or agreement is needed to purchase coverage through K&K's ecommerce websites.
Commercial general liability insurance provides protection against liability claims for bodily injury and property damage arising out of the insured's operation as an entertainer or performing group. The program also provides both legal liability to participants coverage and excess medical payments for participants coverage for claims arising out of injuries to persons invited to participate in the insured's covered activities. A variety of limits for either annual coverage or single event coverage (10 days or less) are available. Rates are based on annual gross income from covered activities.
Eligible entertainers and performers may include:
Actors portraying historical person
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Drum and bugle corps
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Poets
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Bands (non-touring)
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Holiday characters
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Puppeteers
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Belly dancers
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Impersonators
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Singing telegram deliverers
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Choral groups
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Jugglers
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Singers
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Clowns
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Magicians
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Story Tellers
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Comedians
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Mimes
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Ventriloquists
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Contortionists
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Musicians
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Vocalists
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DJ or KJs
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Musical ensembles
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Western Performers
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Eligible solo entertainers must meet the following criteria:
- Must be at least 18 years of age.
- Annual gross income from the entertainer's activities cannot exceed $100,000.
Eligible bands must meet the following criteria:
- All groups must have one member or representative who is at least 18 years of age.
- Annual gross income from the performing group activities cannot exceed $200,000.
- No more than 30 members in a performing group.
Coverage is offered on an admitted basis in all states and provided through an insurance carrier rated "A+" (Superior) by A.M. Best Company. For more information, visit www.EntertainerInsurance-kk.com.
All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy.
Further information
For further information, please contact K&K Insurance: Lorena Hatfield (260.459.5663)
K&K Insurance Group, Inc., a subsidiary of Aon plc, is a managing general underwriter offering insurance products and services to the sports, motorsports, recreation, leisure and entertainment industries.
Follow K&K on Twitter: https://twitter.com/KKinsuringfun
Follow K&K on Facebook: https://www.facebook.com/KKInsurance
Beacon Hill Associates Unveils Agent Referral Program
Beacon Hill Associates, Inc. has created a new agent referral program to help producers learn about environmental and energy insurance, as well as to network with others in the industry. By sharing information about pollution and energy coverages, agents will strengthen their professional relationships and could earn valuable rewards.
For more details, including program guidelines and rewards, visit Beacon Hill's blog. http://www.b-h-a.com/new-beacon-hills-agent-referral-program/
Now in its 25th year of business, Beacon Hill Associates, Inc. is a leader in providing environmental and energy coverages to agents around the country. They take pride in offering their agents and insureds effective coverage from quality carriers in a fast, efficient manner. Beacon Hill takes a consultative approach to its business, and has developed many resources they make available to partner agencies to help educate their clients about environmental exposures. Beacon Hill currently writes business in forty-eight states, and corresponds with over 4,000 agents regularly. Having handled more than 50,000 accounts since 1990, they have the experience necessary to be successful in today's competitive marketplace.
Additional information on Beacon Hill Associates and its products and services can be found at www.b-h-a.com or by calling 1-800-596-2156.
Motorsports off-track coverage is now just a click away
FORT WAYNE (March 24, 2015) - K&K Insurance Group, Inc., a subsidiary of Aon plc (NYSE:AON), today launched a new program offering off-track physical damage coverage for competition vehicles via the web. The program, accessible through K&K's newest insurance website, www.motorsportsinsurance-kk.com, provides agents with the ability to quote and purchase coverage online and receive coverage documents immediately via email.
Agents purchasing coverage through the new website earn 10 percent commission; no prior agent appointment or agreement is needed to purchase coverage through K&K's e-commerce websites.
K&K's off-track coverage protects competition vehicles from physical damage losses due to fire, theft, trailer upset and most other physical damage claims. Other items that can be covered are spare parts, tools and equipment. Coverage is provided while the insured items are stored and transported to and from events and while in paddock or garage areas. There is no coinsurance requirement.
Minimum premium for the online product is $750; limits up to $250,000 are offered, including a maximum limit of $100,000 of coverage per individual competition vehicle.
Coverage is offered on an admitted basis in all states and provided through an insurance carrier rated "A+" (Superior) by A.M. Best Company. For more information, visit www.motorsportsinsurance-kk.com, or call 800.348.1839.
All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy.
About K&K Insurance Group, Inc.
K&K Insurance Group, Inc., a subsidiary of Aon plc, is a managing general underwriter offering insurance products and services to the sports, motorsports, recreation, leisure and entertainment industries.
About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon's global partnership with Manchester United.
RSG's London-based MGA StartPoint announces US$25 million new capacity for US Directors & Officers (D&O) insurance
MARCH 23, 2015, CHICAGO, IL - RSG's London-based managing general agency (MGA) StartPoint announced today that it has US$25 million new capacity which is focused on the US Directors & Officers (D&O) insurance marketplace. 100% of the capacity is provided by certain syndicates at Lloyd's (A+ rated by S&P) and is written on standard Lloyd's/London market forms.
StartPoint CEO Mark Peeters says of the announcement, "In a market that Lloyd's created over 80 years ago, StartPoint offers significant capacity and solid protection to the US marketplace. We provide a broad suite of products that includes Full, Side A and Blended coverage for predominantly US-domiciled companies. With an appetite that spans Fortune 1000 Companies to privately-held companies on both a primary and excess basis, we are introducing very valuable Lloyd's capacity to the US market that arguably has been limited for a number of years."
Patrick G. Ryan, Chairman, and CEO of RSG, adds, "StartPoint is strategically important for RSG. It represents a significant part of our global approach to provide specialty expertise and furthers our commitment to insurance underwriters, brokers and agents across a single, unique platform."
StartPoint works exclusively through insurance brokers.
For more information about StartPoint, contact Mark Peeters, +44 203 714 9577, mark.peeters@startpointum.com.
For more information on this release, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.
About Ryan Specialty Group, LLC and StartPoint
StartPoint is part of Ryan Specialty Group, LLC (RSG), a global holding company which includes highly-specialized underwriting companies under the RSG Underwriting Managers, LLC brand, a London operation, wholesale brokerage and other specialty services designed specifically for agents, brokers and insurers. www.ryansg.com
Lower rates for private school student accident coverage
FORT WAYNE (March 18, 2015) - K&K Insurance Group, Inc., a subsidiary of Aon plc (NYSE:AON), today announced lower rates for student accident coverage designed for private non-boarding K-12 schools.
K&K's private school student accident program provides coverage for all students participating in activities under the supervision of the school including travel. The program offers optional coverage for overnight field trips and interscholastic sports for grades 7-12 (including football). The program is not offered to public or boarding schools.
Rates are based on the total number of students and the grades of students enrolled at the school. Coverage is excess of existing health care insurance; the maximum coverage limit per injury per individual student is $25,000. The program is available in all states except New York. Coverage is offered on an admitted basis and provided through an insurance carrier rated "A+" (Superior) by A.M. Best Company.
No prior appointment or agreement is necessary to submit applications for a coverage quotation. For more information, contact Cheryl Norris at 800.441.3994 ext. 5885 or by email at cheryl.norris@kandkinsurance.com.
All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy.
About K&K Insurance Group, Inc.
K&K Insurance Group, Inc., a subsidiary of Aon plc, is a managing general underwriter offering insurance products and services to the sports, motorsports, recreation, leisure and entertainment industries.
About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon's global partnership with Manchester United.
PartnerOne Environmental Launches New Product for Facilities
PartnerOne Environmental is working in partnership with Berkley Environmental, a Division of Berkley Specialty Underwriting Managers, to offer PartnerOne Facilities Casualty & Pollution. This product provides General Liability and Site Specific Pollution Liability, as well as Contractors Pollution Liability and Products Pollution Liability for facilities. Premiums start at $10,000.
Target risks for PartnerOne Facilities Casualty & Pollution include: environmental products manufacturing, transfer stations, wastewater treatment plants, landfills, recycling operations, and cold storage warehousing.
PartnerOne Environmental is pleased to add PartnerOne Facilities Casualty & Pollution to its suite of successful products, which includes: PartnerOne Package, PartnerOne Contractors Pollution, PartnerOne Premises Pollution, PartnerOne Self Storage Plus, and PartnerOne Energy Select.
"A policy tailored to meet the unique exposures of operational and manufacturing facilities is the perfect complement to our existing platform," says Amanda Duncan, President of PartnerOne Environmental. "We are excited to partner with one of the strongest environmental carriers in the industry to provide this comprehensive policy and assist our agents and brokers in securing quality coverage for their clients."
PartnerOne Environmental® is a fully integrated source for environmental insurance products. It provides coverage for a variety of small- to middle-market contractors, consultants, and property owners and managers. All products are quoted, bound, and issued in-house, enabling PartnerOne Environmental to provide fast turnaround times and excellent service. PartnerOne Environmental coverages are offered by carriers rated "A+". www.p1enviro.com
Berkley Specialty Underwriting Managers is an underwriting management company providing excess and surplus lines general liability coverage to the wholesale market and a complete portfolio of commercial property casualty insurance products to the entertainment, sports, and environmental industries. Its environmental division offers an array of coverages for virtually all classes traditionally known to have environmental liability exposures on both an admitted and non-admitted basis. Berkley Specialty Underwriting Managers underwrites on behalf of Nautilus Insurance Company and Great Divide Insurance Company, member companies of W. R. Berkley Corporation, both of which have an A.M. Best Financial Strength Rating of A+ (Excellent) and a Financial Size Category of XV (adjusted policyholders' surplus of $2 billion or greater). www.berkleysum.com/environmental.htm
If you would like more information on environmental insurance products, please contact PartnerOne Environment at 1-800-596-0172 or p1info@p1enviro.com.
CorRisk Solutions Announces
SME Architects and Engineers Professional Liability Program
February 10, 2015, CHICAGO, ILLINOIS- CorRisk Solutions, a division of RSG Underwriting Managers, LLC, announced today SME Architects and Engineers Professional Liability Program enhancements.
CorRisk Solutions, already broadly known for its superior, technology-driven platform and underwriting capabilities, will underwrite, quote and bind new and renewal U.S. broker and agent produced SME architects and engineers business. Written on currently rated "AXV" paper, the program's area of concentration is accounts with revenues of $5 million or less with minimum premiums as low as $1,500 for $1 million in limits. Admitted in all 50 states, the program offers broad, flexible coverage, claims handling and risk management expertise and consulting.
A spokesperson for CorRisk commented, "The partnership with CorRisk Solutions provides more streamlined servicing capabilities and ensures product and underwriting consistency across this important portfolio of our U.S. SME architects and engineers business."
For additional information, please contact:
Tom Curran
SVP - Marketing/Business Development
C: 480-329-4919
marketing@corrisksolutions.com
www.corrisksolutions.com
About CorRisk Solutions:
CorRisk Solutions is part of RSG Underwriting Managers, LLC and a member of Ryan Specialty Group, LLC - a global holding company which includes other highly-specialized underwriting companies and specialty services designed specifically for agents, brokers and insurers. www.ryansg.com and www.corrisksolutions.com
SASSI Introduces Workers' Comp Coverage
Bay Shore, N.Y. - January 21, 2015 - SASSI, the Salon and Spa Specialty Insurance agency, today announced it is offering workers' compensation insurance coverage for salons, day spas, electrologists, beauty schools and barber shops.
Available through RTW, Inc., rated "A" by A.M. Best Company, the CompConnect program is available in most states. To meet the needs of small to mid-size salons and spas, premiums begin at $500 annually and range up to a maximum annual premium of $25,000.
"SASSI has offered specialized liability and property coverage to the beauty industry for many years, and we're pleased to be able to serve more of the industry's insurance needs with our new workers' compensation program," said Sean Brownyard, executive program manager for SASSI.
Salons, spas and other beauty industry businesses can learn more about CompConnect by asking their insurance agent, visiting www.sassiagency.com or calling 888-823-9380.
About SASSI
The Salon and Spa Specialty Insurance agency (SASSI), formerly known as the Hairdressers Agency, has been a leading innovator in providing specialized liability coverage to the beauty industry for 85 years. A division of W.H. Brownyard Corp., SASSI provides a wide range of insurance coverage for salons, day spas, electrologists, beauty schools and barber shops. Claims management is provided by Brownyard Claims Management, a loss prevention and full-service insurance claims facility. The company is based in Bay Shore, N.Y.
Media Contact: Gary Kimball; Kimball Communications; 610-559-7585; gkimball@kimballpr.com
Ryan Specialty Group's Global Special Risks Announces
Full Underwriting Authority for Upstream Solutions Energy Package
January 8, 2015, CHICAGO, IL - Ryan Specialty Group's Global Special Risks (GSR), a subsidiary of RSG Underwriting Managers, LLC, announced today a new binding authority for the Upstream Solutions Energy Package, which provides products for oil and gas operators and non-operators of North American-based exploration and production companies. This new authority is the result of GSR's long-standing relationships with the London insurance market and is backed by some of the most experienced oil, gas and energy Underwriters at Lloyd's of London.
Steven J. England, President and CEO of GSR says of the new binding authority, "We are excited about this improved offering for operators and non-operators in the US and Canada. Our ability to underwrite, quote and bind business from Houston for North American retailers will provide much improved turnaround times for our trading partners."
The package will be underwritten in Houston, Texas by GSR's Chief Underwriting Officer, Thomas Morelli. Lines of coverage available in the new package include Control of Well (limits up to $50 million), Primary General Liability (limits up to $1 million, $2 million aggregate), Umbrella (limits up to $10 million) and Property (limits up to $20 million).
GSR specializes in underwriting various exposures in the upstream oil and gas business. The majority of GSR's business is placed through exclusive programs, such as this new facility for Upstream Solutions.
For more information on this release, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.
About Ryan Specialty Group, LLC and Global Special Risks (GSR)
Global Special Risks, LLC (GSR) is a subsidiary of RSG Underwriting Managers, LLC (RSG UM). RSG UM is a member of Ryan Specialty Group, LLC (RSG), a global holding company which includes highly-specialized underwriting companies under the RSG UM brand, a London operation, wholesale brokerage and other specialty services designed specifically for agents, brokers and insurers. For more information on GSR and RSG, visit www.globalspecialrisks.com and www.ryansg.com
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