Agents Helping Agents Signs 100th Member Agency
August 23rd, 2012 - Hampton, NH & Louisville, KY: SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - is proud to announce that Master Agency partner Agents Helping Agents (AHA) has signed its 100th Member Agency, adding to the national total of over 4200 signed members.
"We are proud to welcome Commerce Insurance Group of Newburgh/Boonville, IN as the newest Independent Strategic Member of our Alliance," announced AHA Network President Tim Hyland. "As a member, they stand to benefit from access to our strategic partners as well our fifteen years of experience mentoring agency growth as an SIAA partner Master Agency. As our network grows, we continue to focus on working from the 'inside out' with our members to help them maximize their efforts - and success."
According to SIAA Chairman & CEO Jim Masiello, "With the signing of Commerce Insurance Group, AHA has reached a significant milestone to which our Master Agencies across the country strive. It's this model of locally-based growth that affirms SIAA's standing as the premiere Alliance of independent insurance agencies in the country. Our model has worked for 17 years now - through soft and hard markets, economic downturns, extreme competition - virtually all conditions."
Masiello went on to say, "It was clear early on that Tim Hyland and his team at Hyland Insurance would create a great Master Agency partner. This is an organization that has been named a Top Agency by Travelers Insurance Company 5 times and is an Inner Circle Agent with State Auto Insurance. Further, AHA is on the Insurance Journal's list of Top 100 P&C Agencies in the country. These types of recognition are indicative of the quality organization that is AHA."
Agents Helping Agents became an SIAA Master Agency in 1997 and has since achieved the coveted Master Top Performer designation by signing over 75 member agencies. With territory covering Western to Central Kentucky, Southern Indiana, and Western Tennessee, they are one of the largest independent agency groups in the Southeast. For more information on AHA, visit www.ahainsurancenetwork.com.
SIAA is a national alliance with billions in combined profitable premium. SIAA utilizes its stability and strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to offering significant profit and equity appreciation opportunities for SIAA Member Agencies. This national alliance of insurance agencies has engaged more than 4,200 members. For additional information about SIAA, visit www.siaa.net.
Glatfelter Religious Practice Names Shawn Yingling as President, Adds New Large Account Market
York, Pa. – Aug. 22, 2012 – Glatfelter Program Managers (GPM), a strategic business unit
dedicated to Glatfelter Insurance Group’s program business, today announced Shawn T.
Yingling has joined the company as president of Glatfelter Religious Practice.
Yingling has worked in the insurance industry for 24 years, with all 24 years in program
business. He began his career at Glatfelter in 1988 as a commercial underwriting specialist for
the VFIS program, and then joined the Claims Department as a liability claims representative.
Yingling later was promoted to regional marketing representative for Glatfelter’s Ambulance
Insurance Services, served as a producer for VFIS and then was promoted to Pennsylvania
marketing and sales manager. Most recently he served as vice president for a New York-based
program manager.
“Shawn understands the Glatfelter culture and has deep experience in ramping up national
programs,” said Art Seifert, president of Glatfelter Program Managers. “He is a go-getter with
great marketing and sales instincts, and he is the right person to help build Glatfelter Religious
Practice as a successful national program.”
Licensed in all states, Yingling’s insurance designations include: Associate in Underwriting
(AU), Associate in Claims (AIC), Accredited Advisor of Insurance (AAI), Associate in
Insurance Services (AIS), Associate in Customer Services (ACS) and Certified Professional
Insurance Agent (CPIA). He is working toward his Chartered Property and Casualty
Underwriter (CPCU) and Associate in Management (AIM) designations. A resident of Hanover,
Pa., he has a bachelor’s degree from Pennsylvania State University.
Glatfelter Religious Practice also announced a new relationship with Church Mutual. Glatfelter
will market Church Mutual nationally on an open brokerage basis. “We are looking for larger
religious organizations that generate an estimated $50,000 in all lines including workers’
compensation written premium. We don’t need to have $50,000 of estimated premium to bind
the account; the account needs $50,000 in estimated written premium to be eligible,” Yingling
said.
Agents and brokers seeking more information should contact Shawn Yingling at
syingling@glatfelters.com or 800-233-1957 Ext 7471.
About Glatfelter Program Managers (GPM)
GPM (www.glatfelters.com/specialty_insurance_programs.asp) is a strategic business unit
dedicated to Glatfelter Insurance Group’s program business. Based in York, Pa., GPM is one of
the premier managers and recognized specialists of niche markets in the country. GPM manages
and markets several specialty programs, including VFIS for fire departments, ambulance and
rescue squads, and 911 centers; Glatfelter Public Practice for educational institutions,
municipalities, independent school bus contractors and water/sewer entities; Glatfelter
Healthcare Practice for skilled care, assisted living, independent living, continuing care
retirement communities (CCRCs), personal care and group homes, hospice, home health care
agencies and other private homecare agencies; and Glatfelter Religious Practice for churches,
synagogues, temples and other religious institutions.
BGI Agency Network Signs 50th Member Agency
August 20th, 2012 - Hampton, NH: SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - is proud to announce that Master Agency partner BGI Agency Network has signed its 50th Member Agency, bringing the national total to over 4200 signed members.
"We are proud to welcome Matt Armstrong Insurance Agency of Coeur d'Alene, Idaho as the newest Independent Strategic Member of our Alliance," announced BGI Agency Network Vice President Lee Koehler. "As a newly created independent agency, they stand to benefit from access to our strategic partners, as well our dozen years of experience mentoring agency growth as an SIAA partner Master Agency."
According to SIAA Chairman & CEO Jim Masiello, "With the signing of Matt Armstrong Insurance, BGI Agency Network has reached a significant milestone to which our Master Agencies across the country strive. It's this model of locally-based growth that affirms SIAA's standing as the premiere Alliance of independent insurance agencies in the country. Our model has worked for over 15 years now - through soft and hard markets, economic downturns, extreme competition - virtually all conditions."
BGI Agency Network has been a partner Master Agency of SIAA since 2000. With territory covering Washington, northern Oregon, and northern Idaho, they are one of the largest independent agency groups in the Pacific Northwest. For more information on BGI Agency Network, visit www.bginetwork.com.
SIAA is a national alliance with billions in combined profitable premium. SIAA utilizes its stability and strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. This national alliance of insurance agencies has engaged more than 4,200 members. For additional information about SIAA, visit www.siaa.net.
SIAA Grows by 40 Agencies in July 2012
August 16, 2012 - Hampton, NH: The Strategic Insurance Agency Alliance (SIAA) announced 40 new member agencies in July.
Of July's signed members, 29 are new or "scratch" agencies new to the independent agency system, many of them former "captive" agents, bringing new premium dollars and new people into the system. SIAA helped create 299 new agencies in 2011 from a total of 412 newly signed members. 176 have been created so far in 2012.
"We are excited to be able to grow at a steady and aggressive pace." said Jim Masiello, SIAA's CEO. "After a first quarter announcing the most new members in any first quarter in our history, we are pacing for continued record-breaking growth. This is further evidence of how our model works irrespective of the economic climate."
SIAA members created more than $780 million in new premium growth in 2011 - their third straight year over $750 million - and reached their 4000th signed Independent Strategic Member agency in January.
July's new members include:
East:
DeGiulio Insurance Group of Warwick, RI
Help U Insure Insurance Agency of Fairhaven, MA
Leitzel's Insurance Agency of Herndon, PA
James D. Hoffman of Monroe, NY
Runyon Insurance Agency of Lenore, WV
Mark Weidenfeller of Woodbridge, CT
Bennetti Holmes Insurance of Dover, DE
Midwest:
Steven M Brown Insurance Agency of Loveland, OH
TST Insurance of Papillion, NE
Waggoner Insurance Agency of Wapello, IA
United Agency of Northville, MI
Waters Edge Insurance Agency of Fort Gratiot, MI
Bauder & Associates of Omaha, NE
Denbrock Insurance Agency of Coldwater, MI
Assurity Insurance Agency of Harper Woods, MI
Alan Langley of Maryville, MO
Hardy Insurance Group of Versailles, IN
Paradise Insurance Agency of Okemos, MI
Precision Insurance Agency of Wyoming, MI
Sandstone Insurance Group of Amherst, OH
West:
Supp Insurance Agency of Wells, NV
Financial Network Insurance Agency of Draper, UT
Accurate Insurance Agency of Fountain Hills, AZ
Aldridge Insurance Services of Lake Havasu City, AZ
S B Smith & Co of Bothell, WA
Southeast:
Freeman Baker Insurance Services of Largo, FL
Hometown Village Insurance of Lady Lake, FL
Appalachian Community Insurance Agency of Gray, TN
Choice Insurance Group of Jasper, GA
AP Hill of Fort Meyers, FL
Hucks Financial Services of Greenville, SC
Nation Insurance Agency of Ocala, FL
South Central:
Tilghman Insurance & Financial Services of Edmond, OK
Legacy Risk Management of Tulsa, OK
Premier Choice Insurance of San Angelo, TX
Johnie Brown Agency of Sapulpa, OK
Since it's inception in 1995, SIAA has signed over 4,000 new members.
SIAA is dedicated to the creation, retention and growth of the Independent Insurance Agency distribution system. SIAA provides independent agencies with the company access necessary to become instantly BIG. For more information on SIAA visit www.siaa.net.
The National Insurance Agency Alliance
For additional information, contact James Lane, Senior Marketing Manager, at jamesl@siaa.net.
McGowan Purchases Assets of CGA Associates, Inc.
To Our Brokers:
We are excited to announce that The McGowan Companies has purchased the assets of CGA Associates, Inc. (“CGA”).
Effective immediately, CGA will begin operating under the McGowan Program Administrators brand.
Founded in 1997, CGA is a nationwide commercial insurance brokerage agency with “pens” for A&H, Flood, Workers
Compensation, and Real Estate Umbrellas. It also has expertise in Hotels/Motels, Condominium Associations,
Restaurants, “Main Street” BOPs; Package Risks, Builders Risk, Liquor Liability, and Commercial Auto.
The purchase of CGA is consistent with our corporate mission of empowering our brokers with aggressive, flexible, and creative products that allow them to distinguish themselves from their competition.
All CGA brokers will receive automatic appointments with McGowan and its full range of products and capabilities. Further, all McGowan brokers will now have access to all of CGA’s product offerings.
Please note: • Your contacts will not change. • Your current commission structure will not change.
If you have any questions, please contact Brian Mullahy – Director of Marketing, The McGowan Companies at either: 440.333.6300 (x3619) or bmullahy@mcgowanins.com.
Cordially,
Thomas B. McGowan, IV
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Nicholas B. Campanella
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President & CEO
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President
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The McGowan Companies
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CGA Associates, Inc.
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P: 440.333.6300 (x3609)
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P: 732.845.1441
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E: t4@mcgowanins.com
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E: nick@cgaassociates.com
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Philadelphia Insurance Companies Announces 50th Anniversary Campaign with Ronald McDonald House Charities
In celebration of 50 years in business, Philadelphia Insurance Companies gives back through a charitable campaign with Ronald McDonald House Charities
BALA CYNWYD, Pa.—July 19, 2012— Philadelphia Insurance Companies (PHLY), a commercial property/casualty and professional liability insurance company today announced “PHLY Cares,” a nation-wide campaign to volunteer and raise $250,000 for Ronald McDonald House Charities® (RMHC) and its local Chapters. As a leading provider of insurance coverage for non-profit organizations, the 50th anniversary campaign - highlighted at www.phly.com/cares - will focus on PHLY’s history and culture of giving back through health and wellness. To reach its goal, employees from each of PHLY’s 46 regional offices will volunteer and raise money for their local RMHC Chapters throughout the year.
“We are extremely excited to commemorate our golden anniversary with Ronald McDonald House Charities by embracing the values that have served us as a Company and built our corporate culture,” says Jamie Maguire, Chairman and CEO of Philadelphia Insurance Companies. “Ronald McDonald House Charities’ mission to improve health and well-being for children mirrors our TEAMPHLY commitment and we eagerly embrace this opportunity to expand our relationship with a first class charity and make a difference in our community.”
In celebration of the “PHLY Cares” campaign, PHLY employees will raise money for their local RHMC. TEAMPHLY will also volunteer throughout the year to help children and families served by RMHC.
“We are very excited to partner with Philadelphia Insurance Companies in celebration of their 50th anniversary,” says Marty Coyne, president and CEO, RMHC. “We are grateful for the generous donations that will result from the various fundraising efforts which will play a key part in our success to help children and their families in need.”
Philadelphia Insurance Companies’ history dates back to1962 when its founder, James J. Maguire Sr., formed Maguire Insurance Agency and provided affordable insurance coverage to the deaf community. PHLY has embraced these values to help an underserved community and grown into a leading property/casualty and professional liability insurance carrier. Its commercial lines insurance subsidiaries are rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s.
RMHC is a non-profit corporation aimed at creating, finding, and supporting programs that directly improve the health and wellness of children. Each year, RMHC serves more than 4.5 million families around the world.
About PHLY
Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. Celebrating its 50th anniversary this year, the company has been in operation since 1962.
Philadelphia Insurance Companies commercial lines insurance subsidiaries are rated "A++" (Superior) by A.M. Best Company and "A+" for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50 and National Underwriter’s Top 100. The organization has 46 offices strategically located across the United States to provide superior service. For more information please visit www.PHLY.com/Cares.
ABOUT RONALD MCDONALD HOUSE CHARITIES
Ronald McDonald House Charities (RMHC), a non-profit, 501 (c) (3) corporation, creates, finds and supports programs that directly improve the health and well-being of children. Through its global network of local Chapters in 57 countries and regions, its three core programs, the Ronald McDonald House®, Ronald McDonald Family Room® and Ronald McDonald Care Mobile®, and millions of dollars in grants to support children's programs worldwide, RMHC provides stability and resources to families so they can get and keep their children healthy and happy. All RMHC-supported programs provide a bridge to quality health care and give children and families the time they need together to heal faster and cope better. For more information, visit www.rmhc.org, follow RMHC on Twitter (@RMHC) or like RMHC on Facebook (Facebook.com/RMHC Global).
The following trademarks used herein are owned by McDonald's Corporation and its affiliates: Ronald McDonald House Charities, Ronald McDonald House Charities Logo, RMHC, Ronald McDonald House, Ronald McDonald Family Room, and Ronald McDonald Care Mobile.
Target Markets Begins its 2nd Annual "State of Program Business" Research Project
Wilmington, DE-The Target Markets Program Administrators Association (TMPAA) announced its ground-breaking market research is now underway. The "State of Program Business" study documents the size, characteristics, growth and other base-line information about the program insurance market. The initial study, completed last year, pegged the size of the program business market at more than $17.5 billion in gross written premiums.
Currently, the study is in field seeking information from program administrators, managing general agents, wholesale and retail brokers and insurance carriers. Conducted by the research firm Advisen, the results of the study will be released at the TMPAA's 12th Annual Summit in October.
Program Administrators and Program Carriers interested in participating in the study can access last year's study and submit the survey at www.targetmarkets.com The 2012 Study is sponsored by TMPAA members Scottsdale Insurance Company and Western Heritage Insurance Company.
The TMPAA describes program business as insurance products targeted to a particular niche market or class, generally representing a book of similar risks placed with one carrier. The TMPAA mission is to help Program Administrators conduct their business more efficiently, with greater proficiency and profitability.
Advisen's data, analytics and news products offer its 100,000 commercial P&C customers insight into underwriting, marketing, broking and purchasing commercial insurance. Advisen is also a member of TMPAA.
For additional information about this study, contact the TMPAA at 877-347-5700.
Program Specialists / MGA's interested in learning more about the TMPAA or attending the fall Summit meeting can visit the Association website at www.targetmarkets.com, or contact Ray Scotto - Executive Director at ray.scotto@targetmkts.com
Liberty Mutual, CNA, Hartford and Farmers Win Big at 2012
IMCA Showcase Awards
Denver, Co. – July 11, 2012 – Liberty Mutual was honored with the most Best of Show
awards and CNA with the most Awards of Excellence at the 2012 IMCA Showcasetm
Awards, while Safeco, a Liberty Mutual Company, won the SAMMI award, the overall
best of show, for its television ad series.
Now in its 54th year, the IMCA Showcase Awards recognize the most effective,
innovative work from the best minds in insurance marketing and communications.
The 2012 Showcase Awards ceremony took place during one of the best-attended
IMCA (Insurance Marketing and Communications Association) Annual Meetings in
recent history, held from June 24-27 in Denver. The awards were presented to a range
of insurance organizations in categories including advertising, sales promotion,
multimedia campaigns and public relations.
Liberty Mutual won the most awards overall and the most Best of Show Awards, three
of which honored their Community Investments campaign. The Hartford won across
multiple categories and media, with five Best of Show awards, including one for their
internal “2011 United Way Campaign.” Farmers Insurance won four Best of Show
Awards, including one for their University of Farmers Facebook Page.
Five companies won two Best of Show awards including CNA, Jackson National,
Ottersted Insurance, Hanover and The Co-operators.
Other winners of Best of Show awards were: AmWins, Allied World Assurance Co.,
AON Affinity, The Doctors Company, Great American Insurance Group, Indiana
Farmers Mutual, Pharmacists Mutual and the Star Companies.
CNA took away seven Awards of Excellence, for multiple marketing, ad and social
media campaigns, including their Facebook Holiday Food Drive. Liberty Mutual won four
Awards of Excellence while Jackson National, Farmers and the Co-operators each won
three Awards of Excellence.
Also honored with Awards of Excellence, were Iscential, AmWins, The Hartford, Main
Street America Group, MAPFRE Insurance, PEMCO, Otterstedt Agency, Arrowhead
General Insurance Agency, PIU, Tower Group Companies, Guardian Life, Westfield
Insurance, John Hancock Life, Scottsdale, Liberty Mutual Life, OneAmerica,
Commercial Alliance Insurance Co., Nationwide Financial, EMC, American Modern
Insurance Group, Zurich, Allied World Insurance, AAMGA and Vertibrands for
Brownyard Group.
About IMCA
The Insurance Marketing and Communications Association (www.imcanet.com) is an
international organization of insurance communications professionals specializing in
marketing, communications, advertising, sales promotion, public relations and media
relations. The oldest insurance marketing and communications association in North
America, it began as the Insurance Advertising Conference (IAC) in 1923 and was
renamed in 1984 to better depict the evolving roles of insurance communicators.
IMCA’s purpose is to promote excellence in insurance marketing and communications,
improve the professional skills of members, foster the sharing of ideas and experiences
among members and promote a positive image of the insurance industry.
Daniel P McDonnell, CEO of Partners Specialty Group LLC (PSG) a nationwide, independent Wholesale brokerage, has announced the following management appointment:
Maureen C. Caviston, CPCU, President has assumed the additional role of Chief Operating Officer of the firm. Caviston has over thirty years of wholesale brokerage experience and has been with PSG since January of 2001.
PSG was established by McDonnell in November of 1999. The organization serves over 2000 retail agencies and specializes in hard to place Property, Casualty and Professional lines from twelve offices throughout the United States. For more information on products and services, visit www.psgins.com.
Appalachian Underwriters, Inc. restructures organization to align with regional strategies
Oak Ridge, Tenn, July 10, 2012 – Appalachian Underwriters, Inc. is announcing their regional market strategy by formalizing a regional office structure which will position the company to enhance their national footprint and business partner relationships.
Appalachian Underwriters, Inc. (AUI) offers a national wholesale binding and brokerage outlet for agents looking to bring their clients a broad selection of quality insurance products. The corporate office is located in Oak Ridge, TN which hubs the southeast region with four other regional offices located in San Diego, California; Sanford, Florida (Orlando); St. Peters, Missouri (St. Louis); and Philadelphia, Pennsylvania. Each office will have a Regional Vice President (RVP) who will be responsible for the operations of his/her designated region. The four RVPs will report to the Vice President of Business Development, who is centralized at AUI corporate and will ensure each office is properly aligned with AUI corporate initiatives.
The RVPs will be responsible for maintaining local market information, maintaining carrier and agent relationships, overseeing the office personnel and managing their regional profit centers. Each will work with corporate underwriting and marketing to ensure a consistent message is relayed to the market and the valued AUI customer.
“By aligning our corporate team with each of the regional business units, we will be able to enhance our level of service and build on corporate consistency across all markets. Our goal is for our customer to truly see AUI as Business Made Easy”, says Bob Arowood, President of Appalachian Underwriters, Inc.
Contact Information:
Jeff Hensley, VP of Business Development-Southeast Region
888-376-9633, ext 8450
jeff.hensley@appund.com
Lisa Pratt, RVP-Florida Region
888-376-9633, ext 8403
lisa.pratt@appund.com
Rhonda Henze, RVP-Midwest Region
888-376-9633, ext 7087
rhonda.henze@appund.com
Robert Purdy, RVP-Northeast Region
610-977-2012
robert.purdy@appund.com
Jonathan Hooven, RVP-West Region
888-376-9633, ext 7362
jonathan.hooven@appund.com
About Appalachian Underwriters, Inc.
Appalachian Underwriters, Inc. is a full-service MGA and wholesale insurance brokerage, providing independent agents a national outlet to multiple specialized markets for Workers’ Compensation, Commercial Specialty, and Personal Lines of insurance. To learn more about Appalachian Underwriters, Inc., please visit www.appund.com.
Grant Provides Trussville Fire Department with New All-Terrain Rescue Vehicle
$10,000 from CRC & Fireman’s Fund Allows Fire Rescue Access to Inaccessible Areas
TRUSSVILLE, Ala. (July 9, 2012) – The Trussville Fire Department is getting an all-terrain rescue vehicle that enables a faster response to emergency calls in areas where a traditional fire engine cannot travel. The vehicle was purchased thanks to a grant from CRC Insurance Services and Fireman’s Fund Insurance Company.
Trussville firefighters respond to disasters caused by any number of natural or man-made events where victims are trapped. But without the proper vehicle, rescues can take longer, decreasing a victim’s chance of survival. Like many departments across the country, Trussville has a very limited budget and has been unable to purchase this needed rescue vehicle.
The new ATV can seat four including the driver, a caregiver, and up to two injured people during an emergency response. The vehicle is prepared with medical equipment to provide care to those affected by catastrophes.
“This grant extends our ability to more effectively protect the City of Trussville, and also provides an invaluable new rescue vehicle for our mutual aid service in other neighboring communities,” said Chief Ledbetter.
Trussville Fire Department officials, employees and executives from CRC Insurance Services and Fireman’s Fund will come together for a special public event where the grant package will be presented:
Date / Time:
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Location:
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Tuesday, July 10, 2012
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Trussville FD Station #1
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11:00 a.m.
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131 Main Street
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Trussville, AL 35173
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The grant is part of a nationwide philanthropic program funded by Fireman’s Fund Insurance Company. The program is designed to provide needed equipment, training and educational tools to local fire department and burn prevention organizations. Since 2004, Fireman’s Fund has issued grants to nearly 1,800 different organizations totaling more than $29 million. Independent insurance agencies and brokers that sell Fireman’s Fund products, such as CRC Insurance Services, are able to direct these grants to support the fire service.
Through this program, CRC Insurance Services has directed over $490,000 in grants to fire departments across the country and over $200,000 in the state of Alabama.
"Our local firefighters provide a tremendous service to the community and we are proud to support these dedicated men and women who help make our neighborhoods safer,” said Martha Hosey, of CRC Insurance Services. “We owe so much to our local fire departments that protect our community.”
To learn more about other grants awarded in Alabama and across the country, visit www.facebook.com/SupportingFirefighters or www.twitter.com/FFundHeritage.
About CRC Insurance Services
Founded in 1982, CRC Insurance Services is a leading wholesale insurance brokerage firm in the nation with over 50 offices across the United States. Our extensive market experience allows us to draw on a wide range of resources from across the country and around the world. CRC has specialized departments focusing on a number of products including casualty, property, professional, and more. For more information, visit www.crcins.com.
About Fireman’s Fund Insurance Company
Founded in 1863, Fireman’s Fund Insurance Company is a premier property and casualty insurance company providing personal and commercial insurance products backed by industry-leading claims and risk management solutions. Fireman’s Fund is a leader in high-net-worth, entertainment, and green insurance. Fireman’s Fund is a member of the Allianz Group, one of the world’s largest providers of property and casualty insurance, ranked 27th on Fortune’s Global 500 list of the world’s largest corporations. For additional information, visit www.firemansfund.com.
Effective June 11th, the legacy Crump P&C Brokerage Division offices have been rebranded under the CRC|Crump name.
For your reference, our new logo is included below. A high resolution version of the new logo is available on the merger information site at www.crcins.com/merger.
Only the legacy Crump P&C Brokerage Division offices will take this new CRC|Crump name.
CRC Insurance Services offices will continue to operate under the CRC name and continue to use the CRC logo. The Crump Insurance Services Inc. legal entity name and structure will not change as a result of this rebranding.
This change does not impact any of the legacy CRC or legacy Crump P&C program divisions, including: Southern Cross Underwriters, Tapco Underwriters, 5Star Specialty Programs, Haleigh, Negley & Associates, or Target Insurance Services. These operations will continue to trade under their legacy names and logos.
Phone numbers, email addresses, and website addresses will not be impacted by this change, and no office locations will be combined at this time.
Please contact me for additional information.
Sincerely,
Shannon Lewis
321.421.6725
shannon.lewis@crumpins.com
SIAA Grows by 30 Agencies in May 2012
June 12, 2012 - Hampton, NH: The Strategic Insurance Agency Alliance (SIAA) announced 30 new member agencies in May.
Of May's signed members, 20 are liberated "captive agents" new to the independent agency system, bringing new premium dollars and new people into the system. SIAA helped create 299 new agencies in 2011 from a total of 412 newly signed members. 113 have been created so far in 2012.
"We are excited to be able to grow at a steady and aggressive pace." said Jim Masiello, SIAA's CEO. "After a first quarter announcing the most new members in any first quarter in our history, we are pacing for continued record-breaking growth. This is further evidence of how our model works irrespective of the economic climate."
SIAA members created more than $780 million in new premium growth in 2011 - their third straight year over $750 million - and reached their 4000th signed Independent Strategic Member agency in January.
May's new members include:
East:
Susquehanna Valley Insurance Center of Montoursville, PA
Spectrum Insurance Services of Butler, PA
Fuller Insurance Agency of Carthage, NY
All In One of Owings, MD
Midwest:
O'Connell Reho Insurance Agency of Willowick, OH
Veritas Risk Services of Oak Brook, IL
ACME of West Lafayette, IN
SBS Insurance Group of Northwood, OH
Carabin Insurance Agency of Norwalk, OH
Armor Insurance Group of Vandalia, OH
Brian S. Ohr of Northbrook, IL
Fleming Agency of Plymouth, MN
Tyler Insurance Services of Creston, IA
Future Insurance Services of Ann Arbor, MI
West:
Joseph Torrente of Aptos, CA
Actera Insurance Solutions of Denver, CO
Advantage America Insurance Services of Murrieta, CA
Cornerstone Insurance Partners of Lakewood, CO
Mt. Carmel Insurance Agency of Colorado Springs, CO
JMN Insurance Brokerage of Seattle, WA
Southeast:
Ocoee Insurance Services of Cleveland, TN
Sanders Insurance Group of Flowood, MS
Insurance Advocates of Florida of Lakeland, FL
Scienzo & Associates Insurance Agency of Palm City, FL
D E Reed Agency of Pensacola, FL
South Central:
Morrow Insurance Group of Texarkana, TX
McPeak & Associates of Edmond, OK
Darren Perry Agency of Muskogee, OK
Blake Fulenwider Insurance Agency of Clyde, TX
Since it's inception in 1995, SIAA has signed over 4,000 new members.
SIAA is dedicated to the creation, retention and growth of the Independent Insurance Agency distribution system. SIAA provides independent agencies with the company access necessary to become instantly BIG. For more information on SIAA visit www.siaa.net.
The National Insurance Agency Alliance
For additional information, contact James Lane, Senior Marketing Manager, at jamesl@siaa.net.
New York Camp Safety Group Announces 50 Percent Dividend
New York State Insurance Fund reports 18th consecutive dividend for the Safety Group,
totaling more than $13 million since the Safety Group was founded in 1991
New York, N.Y. – May 15, 2012 – The New York State Children’s Camp Safety Group,
founded 21 years ago to help children’s camps improve their safety and reduce workers’
compensation insurance costs, has declared a 50 percent dividend on paid-in premiums for its
members.
In addition to this dividend, the Safety Group announced the immediate discount for
eligible members continues at 25 percent.
“With this year’s dividend, members have received more than $13 million since the
Safety Group was founded in 1991,” said Henry Skier, Safety Group co-founder and group
manager. “These savings result from the good safety practices and claims results of our Safety
Group members.”
More than $1 million will be mailed to the Safety Group’s 140 members, with each
receiving an average dividend of $8,500 or about half of their annual premium in 2012.
The Safety Group is administered by AMSkier Insurance (www.amskier.com) for the
New York State Insurance Fund and endorsed by all of New York’s leading camp organizations.
Dividends have been declared and paid in every year since the group was founded, with an
average dividend yield of more than 45 percent.
Enrollment in the Safety Group for new members is open through June 30, 2012 for day
and resident camps. There is a 25 percent discount on workers’ compensation premiums for
enrolling applicants after the first full year.
Camps in New York state may apply to enroll in the Safety Group by calling
MaryHelen Teeter at AMSkier Insurance at 800-245-2666.
About the New York State Children’s Camp Safety Group
The New York State Children's Camp Safety Group was founded in 1991 to reduce the cost of
workers' compensation at children's camps by preventing accidents and illnesses. By formulating
sound safety programs, the Safety Group encourages improved medical care of camp staff and
encourages members to assist in the proper handling of claims and payroll information.
Philadelphia Insurance Companies Earns BBB Accreditation
Bala Cynwyd, PA, June 05, 2012 - Philadelphia Insurance Companies (PHLY), a leading property/casualty and professional liability insurance company for niche markets, announced its recent accreditation by the Better Business Bureau today.
“Integrity and accountability are at the core of both PHLY’s service standards and the Better Business Bureau’s standards for accreditation,” said Seth Hall, Vice President of Customer Service. “We are proud to give our customers and business partners one more reason to feel confident in our ability to provide unsurpassed service.”
To become BBB accredited, a company must meet and abide by the BBB Code of Business Practices, which includes a commitment to make a good faith effort to resolve any customer complaints. In addition to the accreditation, the BBB gives PHLY an “A+” (highest) rating, based on the low number of complaints filed against the Company for a business of its size, the Company’s response to complaints, and the Company’s resolution of complaints, among other factors.
PHLY’s Service Excellence Results are highlighted by the fact that 97% of policyholders surveyed said they would recommend PHLY to prospective customers. To locate the PHLY office nearest you or for more information, visit us on the web at www.phly.com or call 1-800-873-4552.
About PHLY
Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated A+ (Superior) by A.M. Best Company and A+ for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50 and National Underwriter’s Top 100. The organization has 47 offices strategically located across the United States to provide superior service. To locate the office nearest you or for more information, visit us on the web at www.phly.com.
Philadelphia Insurance Companies is the marketing name for the property and casualty operations of Philadelphia Consolidated Holding Corp. In the United States, all products are written by insurance company subsidiaries of Philadelphia Consolidated Holding Corp. Coverage may not be available in all jurisdictions and is subject to actual policy language.
Veteran Lending Executive Joins OSC
Atlanta -- Don C. Curtis, a longtime leader in the mortgage servicing and lending community, has joined OSC as senior vice president for business development. Curtis comes to OSC from Carrington Mortgage Services, one of the major providers of mortgage servicing to lenders and investors in distress mortgage portfolios. At Carrington, Curtis was vice president of business development.
OSC, a national financial risk management firm, provides collateral protection insurance products and state-of-the-art financial risk tracking technology and services to banks, bank-holding companies, credit unions and consumer and commercial finance companies.
Tracey Carragher, CEO of Breckenridge Insurance Group which owns OSC, said that "Curtis becomes a key member of the OSC team. He brings leadership and experience in the lending community that will enable us to grow and expand both our traditional services and our new products." Curtis is based in San Diego.
"I look forward to building on my experience in the mortgage lending industry to expand the OSC brand and products," Curtis said. "With OSC's products, technology, reputation and its track-record, we have a growing opportunity to innovate in this dynamic lending environment," Curtis said.
Earlier this year, OSC became the financial risk management partner for the Homeowners' Assurance Program (HAP) which is acquiring more than 100,000 HUD-owned REO properties in 26 markets for renovation and resale. Working with 24 Asset Management Corp., OSC provides a package of insurance products including home warranty, job-loss protection and traditional homeowners insurance to home buyers in the HAP program.
Before Curtis joined Carrington Mortgage, he was National Sales Manager at Franklin Credit Management Corp., a nationwide buyer of distressed mortgages and special servicer.
About OSC
OSC, a specialist in insurance and risk management services and products, offers a comprehensive range of portfolio protection and financial risk management services to both large and small institutions. OSC, with its parent company Breckenridge Insurance Group, augments its traditional collateral protection insurance coverage options with additional lending and insurance products including home warranties, job-loss protection and specialty insurance.
For additional information contact Don Curtis at dcurtis@oscis.com or call him at 760-294-1334.
Website: www.oscis.com
United Independent Agency Alliance Celebrates 10th Anniversary
May 17th, 2012 - Hampton, NH: SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - is proud to celebrate the 10th anniversary of United Independent Agency Alliance (UIAA) as an SIAA Master Agency.
According to SIAA Chairman & CEO Jim Masiello, "United Independent Agency Alliance has achieved a significant milestone for which our Master Agencies across the country strive. On the national level, 60% of our Master Agencies have been with us for over a decade. It's this type of tenure that affirms SIAA's standing as the premiere Alliance of independent insurance agencies in the country. Our model has worked for nearly 30 years now - through soft and hard markets, economic downturns, extreme competition - virtually all conditions."
"Our Alliance is designed to help insurance agents at all stages." said UIAA President Steve Hopkins. "Our retail agency, DiStefano Insurance Services of Canal Fulton, Ohio, has roots in the insurance industry dating back to 1931. Along with our agency management experience, SIAA's resources help P&C Agents, direct writers/captive agents, and producers continue or start their independent insurance agency by making them instantly big as part of our organization. The resources available to members help them navigate through the difficulties that often prevent a smaller or new independent insurance agency from succeeding."
United Independent Agency Alliance has been a Master Agency partner of SIAA since 2002. With territory including 40 counties in central and northeast Ohio, they are the largest independent agency group in the area. For more information on UIAA, visit www.agencyalliance.net.
The SIAA (Strategic Insurance Agency Alliance) concept originated in New England in 1983 where many local insurance agencies were finding it difficult to receive carrier appointments, start new insurance agencies, compete against larger insurance agencies, and receive profit sharing.
SIAA is a national alliance with billions in combined profitable premium. SIAA utilizes its stability and strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. This national alliance of insurance agencies has engaged more than 4,000 members. For additional information about SIAA, visit www.siaa.net.
SIAA Adds Another Master Agency to the Michigan Marketplace
May 21, 2012 - Hampton, NH: SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - recently announced the signing of their 51st Master Agency, Michigan Agency Partners of Jackson, MI. Their territory includes 62 counties across the Lower Peninsula.
"We welcome Michigan Agency Partners as our newest Master Agency," announced SIAA CEO Jim Masiello. "The expertise that they can provide in these new territories is significant given the 50-plus years of independent agency experience between the two partners." Masiello went on to say, "With the current economic climate and hardening of the insurance marketplace, Michigan Agency Partners will enable local independent agents to weather the storm by following the SIAA model. It's true, we make agencies instantly big! Our model has worked since 1983 through soft and hard markets, economic downturns, and extreme competition - virtually all conditions. And that is good news for the local independent agents in Michigan who qualify to become members."
Michigan Agency Partners was co-founded by Eric "Ric" Walton and David Rice. The Walton Agency has served the Southeastern Michigan Area since 1951 with Ric joining in 1975 and working his way up to President/Owner. David began his insurance career 14 years ago and most recently served as Vice President of Sales at a local independent agency. Both hold several insurance designations and are affiliated with many community organizations. For more information on Michigan Agency Partners, visit www.michiganagencypartners.com.
SIAA is a national alliance with billions in combined profitable premium. SIAA utilizes its stability and strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. This national alliance of insurance agencies has engaged more than 4,000 members. For additional information about SIAA, visit www.siaa.net.
SIAA Grows by 45 Agencies in April 2012
May 9, 2012 - Hampton, NH: The Strategic Insurance Agency Alliance (SIAA) announced 45 new member agencies in April.
Of April's signed members, 33 are liberated "captive agents" new to the independent agency system, bringing new premium dollars and new people into the system. SIAA helped create 299 new agencies in 2011 from a total of 412 newly signed members.
"We are excited to be able to grow at a steady and aggressive pace." said Jim Masiello, SIAA's CEO. "After a first quarter announcing the most new members in any first quarter in our history, we are pacing for continued record-breaking growth. This is further evidence of how our model works irrespective of the economic climate."
SIAA members created more than $780 million in new premium growth in 2011 - their third straight year over $750 million - and reached their 4000th signed Independent Strategic Member agency in January.
April's new members include:
East:
Sutton & Tarantino Insurance of Saratoga Springs, NY
Rogowski-Verrette Insurance of Worcester, MA
Millstone Community Insurance of Pittsburgh, PA
Landis Insurance Services of Vineland, NJ
DR & Associates Insurance Services of Danbury, CT
Insuramerica of Buffalo, NY
Valentine Insurance of Catskill, NY
Mike Marsh Insurance Agency of Bedford, NH
Divine Insurance of Providence, RI
Angle Planning Concepts of Dover, DE
Midwest:
Technology Risk Manager of Downer's Grove, IL
Associates for Insurance Solutions of Newton Falls, OH
Pentagon P&C Corporation of Oak Brook, IL
Atlas Insurance of Festus, MO
CSG Insurance Services of Centerville, OH
CU Insurance Agency of Orland Park, IL
Harbour Insurance of Kokomo, IN
West:
Castell Insurance of Sequim, WA
Vanessa Montes Insurance of Escondido, CA
Courtland Insurance Agency of Denver, CO
McDowell Insurance Agency of Lakewood, CO
Ram Commercial Insurance Services of Morgan Hill, CA
Danny Castilla of Santa Fe Springs, CA
Perry Insurance Agency of Vernal, UT
Linsin, Sherman Associates of San Rafael, CA
Southeast:
All Coverage Insurance of Sarasota, FL
1st Allegiant Insurance of Plantation, FL
Logan Agency of Decatur, GA
Richard Horine & Associates of Hoschton, GA
Iron City Insurance and Investments of Sarasota, FL
Stewart & Tucker Insurance of Somerset, KY
Insurors of Kentucky of Bowling Green, KY
Updyke Insurance of Port Charlotte, FL
Rose Holicker-Southall of Charleston, WV
Doug Hess Insurance of Chattanooga, TN
South Central:
Insurance Expert Group of Garland, TX
Get A Policy Insurance Services of Greenville, TX
C A Ross Insurance Agency of San Angelo, TX
Since it's inception in 1995, SIAA has signed over 4,000 new members.
SIAA is dedicated to the creation, retention and growth of the Independent Insurance Agency distribution system. SIAA provides independent agencies with the company access necessary to become instantly BIG. For more information on SIAA visit www.siaa.net.
The National Insurance Agency Alliance
For additional information, contact James Lane, Senior Marketing Manager, at jamesl@siaa.net.
Brownyard Group Wins 2012 TMPAA Best Marketing Campaign Award
"When You Know Better" Campaign Recognized at Target Markets Mid-Year Meeting in Boston
Bay Shore, N.Y.-May 15, 2012- A striking advertising and marketing campaign has earned Brownyard Group (www.brownyard.com) a "Best Marketing Campaign" award from the Target Markets Program Administrator Association (TMPAA) - making Brownyard the award's first two-time winner.
Brownyard, a program administrator providing specialized insurance coverage for select industry groups, was presented with the award on May 2 at the TMPAA (http://www.targetmkts.com/) Mid-Year Meeting in Boston, Mass. This is the second year for the organization's Marketing Campaign Competition.
Brownyard was recognized for their "Insurance When You Know Better" tagline and campaign, which appeals to the expertise of their specialized target audiences. The campaign was developed by Vertibrands, a full-service marketing agency, and was used in collateral and advertising for their tailored programs, including pest control operators, security guards, cosmetic manufacturers, spas and salons and others.
"We're honored to be recognized with this award for marketing excellence, especially at Target Markets," says Tory Brownyard, President of the Brownyard Group.
The TMPAA Program Marketing Campaign Awards are offered in conjunction with the Insurance Marketing & Communication Association (IMCA). IMCA is a highly regarded, international organization of insurance professionals who specialize in marketing, communications, advertising, sales promotion and public relations.
About Brownyard Group
Brownyard Group is a program administrator that has developed and provided specialized insurance programs for select industries for more than 60 years. These industries include security guards, pest control operators, landscapers, cosmetic manufacturers, alarm systems, private investigators and security consultants, and the beauty industry. In 1993, Brownyard established Brownyard Claims Management, a loss prevention and full-service insurance claims facility. The company is based in Bay Shore, N.Y.
CRC, Crump Insurance Services and RT Specialty reach global confidential settlement agreement
May 4, 2012, Chicago, IL- CRC Insurance Services Inc., Crump Insurance Services Inc., and R-T Specialty, LLC jointly announced today that the parties have resolved all existing disputes between them in a global, confidential settlement agreement, pursuant to which the pending lawsuits between the entities and their employees will be dismissed with prejudice.
For more information on this release, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.
About Ryan Specialty Group, LLC (RSG)
Ryan Specialty Group, LLC is a global holding company which includes a wholesale brokerage, a select group of highly-specialized underwriting companies, a Lloyd's insurer and other specialty services designed specifically for agents, brokers and insurers. www.ryansg.com
SIAA Signs Bi-State Insurance & Financial as 4000th Member
May 2nd, 2012 - Hampton, NH and Camp Girardeau, MO: The Strategic Insurance Agency Alliance is proud to announce the signing of their 4000th Member Agency, Bi-State Insurance & Financial of Camp Girardeau, Missouri.
Recruited by Master Agency Valley Insurance Agency Alliance of Clayton, MO, Bi-State has been servicing the insurance needs of Southeastern Missouri for 25 years. However, its recent purchase by James Saunders is kicking the heritage agency into high-growth mode.
Prior to taking over Bi-State, Saunders was an agent for Missouri Farm Bureau for almost a decade. Awarded "Rookie of the Year" in 2002, he grew his shop to the largest health agency in the country. Saunders is looking forward to similar growth with Bi-State by increasing available products to commercial, farm, home, auto, health and life insurance, as well as retirement financial planning.
"I truly love the insurance business. I look forward to it every day." says Saunders. "There are a lot of challenges right now but I can't imagine anything different."
According to SIAA Chairman & CEO Jim Masiello, "With the signing of Bi-State Insurance & Financial, SIAA has reached a significant milestone. Since our auspicious beginnings in 1995, our growth has been exponential and our reach international. We added 412 new members in 2011…our second year in a row with over 400 new member agencies. It's this model of locally-based growth that affirms SIAA's standing as the premiere Alliance of independent insurance agencies in the country."
Valley Insurance Agency Alliance has been a partner Master Agency of SIAA since 2006. With territory covering 118 counties in Missouri and Illinois, they are the largest independent agency group in the area. For more information on VIAA, visit www.viaa4u.com.
SIAA (Strategic Insurance Agency Alliance) is a national alliance with billions in combined profitable premium. SIAA utilizes its collective strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. For more information on SIAA, visit www.siaa.net.
The National Insurance Agency Alliance
For additional information, contact James Lane, Senior Marketing Manager, at jamesl@siaa.net or Doug Coombs, Chief Marketing Officer at dougc@siaa.net.
NAS Insurance Builds on Success
with New Executive and Management Appointments
ENCINO, CA - NAS Insurance Services continues expansion of its national specialty insurance business with new hires and staff promotions. The executive team now includes Matt Singerman, CFO, and Jeremy Barnett, SVP Marketing.
“We are committed to our culture of innovation and unparalleled service for our clients, and Matt and Jeremy bring new ideas and broader experience to our leadership team,” says Richard Robin, CEO. Robin recently promoted Michael Palotay to SVP Underwriting and Jill Linhardt to SVP Claims, as well. “We are thrilled to have such a strong and diverse team in place,” noted Robin.
NAS’ product teams are also expanding as the demand for specialty reinsurance grows. To support the market demand for NAS’ cyber liability and healthcare regulatory products, Desiree Khoury has been promoted to Specialty Reinsurance Manager and will manage product implementation, contract administration and will oversee marketing strategy for all reinsurance products. “She brings a contagious energy and enthusiasm to every project she works on. We look forward to accomplishing great things with Desiree in her new role,” says Robin.
In the Claims department, Connie Rivas has been promoted to Claims & Contracts Manager. “At the core of our business is exceptional service and prompt claims resolution,” comments Linhardt, SVP Claims. “Connie ensures our customers get the care and attention they deserve, just when they need it most.”
“As we grow the organization, it is essential to continue to attract and retain top talent while keeping our creative, collaborative culture,” notes David Lloyd, COO. “We are thrilled to have Michelle Totanes join the NAS team to lead our HR efforts.” Totanes joins NAS as Human Resources & Administration Manager.
NAS is a product-oriented, independent underwriting manager of specialty insurance with full binding authority to underwrite on behalf of Lloyd’s, London and other highly rated carriers. Based in Encino, California, NAS has been an innovator in business insurance for over 35 years.
NAS Insurance Services is located at 16501 Ventura Blvd. Suite 200, Encino, CA 91436, telephone (818) 382-2030, fax (818) 382-2040, and online at www.NASInsurance.com.
NAPCO Report Examines Turn in Property-Catastrophe Market
As heavy catastrophe losses and new risk model end soft property- catastrophe market, the NAPCO report examines performance, reinsurance and pricing trends, and makes recommendations for insurance buyers
Iselin, N.J.—April 12, 2012— Insurers have increased prices and reduced capacity in response to major property--catastrophe losses and concerns about risk following the introduction of the new hurricane model in 2011, according to a new State of the Market report by NAPCO LLC, a wholesale broker specializing in catastrophe property coverage.
The report, which examines performance, reinsurance and pricing trends, notes that the diminishing benefit of loss reserves in the coming months may become another factor to support a hardening market. Recommendations are offered for insurance buyers and retail brokers to position themselves to obtain favorable terms and price.
The bi-annual report combines insights from top brokers with an analysis of recent catastrophe property market statistics. The full report can be found at: http://www.napcollc.com/articles/NAPCOInsuranceInsights-TheStateOfTheMarket-2012-April.pdf
“With the price of property--catastrophe insurance already at very low levels after years of competition, the market reached a turning point last year,” said David Pagoumian, CEO of NAPCO LLC. “The catastrophe losses and the heightened concerns about risk exposures – along with higher reinsurance costs – have been catalysts leading insurers to raise prices, reduce capacity and tighten underwriting criteria.”
The report looks at several key performance trends:
- The insurance industry’s underwriting performance in 2011 was the worst since 2002 as global catastrophe losses soared to record levels. Even so, policyholder surplus showed only a minor deterioration.
- Global catastrophe losses totaled at least $105 billion in 2011, exceeding the 2005 record of $101 billion. Early spring tornadoes have caused an estimated $1 billion to $2 billion in insured losses in the first quarter of 2012.
- Hurricane season is expected to be below average; however, tornado storm season is already running nearly 30% higher than the average of recent years.
- Reinsurers raised rates in response to the heavy catastrophe losses suffered and the impact of the updated RMS hurricane model.
- The price of property--catastrophe insurance moved higher in the first months of 2012, the report states, with various price range increases, depending on the class of business, geographic spread and loss history.
Additional details for each of these trends is available at http://www.napcollc.com/articles/NAPCOInsuranceInsights-TheStateOfTheMarket-2012-April.pdf According to the report, to secure capacity at the most favorable terms in the current market insurance buyers need to be proactive. It’s essential to understand the importance of catastrophe models on the renewal process, gather critical information for underwriters, start the renewal process early and be prepared for higher prices.
About NAPCO
NAPCO (www.napcollc.com) is a leading wholesale broker of commercial property insurance coverage. The company provides retail agents and brokers with an efficient, single--source independent marketing arm for difficult placements that have significant exposure. NAPCO utilizes in--depth research and sophisticated risk modeling to implement coverage and cost-- effective programs for its clients. Headquartered in Iselin, N.J., NAPCO provides access to the global insurance market, including major and specialty domestic carriers, excess and surplus lines markets, reinsurers and international providers of capacity.
The McGowan Companies Purchases Assets of Allied Insurance Brokers, Inc.
To Our Brokers:
We are excited to announce that The McGowan Companies (“McGowan”) has purchased the assets of Allied Insurance Brokers, Inc. (“Allied”). Effective immediately, Allied will begin operating under the McGowan Program Administrators brand.
Founded in 1996, Allied is known throughout the insurance industry as the premier MGU specializing in writing package programs for Commercial Real Estate, Apartments, Condominium Associations, and Religious Organizations.
McGowan Program Administrators is an MGU which manages Umbrella and D&O programs for Commercial Real Estate, Apartments, and Condominiums.
By combining forces with Allied, we have created a “one-stop” shop for our brokers to obtain the finest insurance products for Commercial Real Estate, Apartments, and Condominium Associations. Further, we will be expanding Allied’s product offerings and capabilities in the months to come.
All Allied brokers will receive automatic appointments with McGowan and its full range of products and capabilities. Further, all McGowan brokers will now have access to all of Allied’s product offerings.
Please note:
- Your contacts will not change.
- Your current commission structure will remain in place.
Should you have any questions, please do not hesitate to contact us.
Cordially,
Thomas B. McGowan, IV
President & Chief Executive Officer
The McGowan Companies – Home Office
20595 Lorain Road
Fairview Park, OH 44126
P: 800.545.1538 (x3609)
t4@mcgowanins.com
|
Jeffrey H. Marsh
Chief Executive Officer
Allied Insurance Brokers, Inc.
2205 Warwick Way - Suite #320
Marriottsville, MD 21104
P: 410.461.8387 (x6327)
jeffmarsh@alliedbrokersinc.com
|
Clark-Theders named Agency of the Year
Rough Notes Magazine presented its Marketing Agency of the Year award for 2011 to the Clark-Theders Insurance Agency of West Chester, Ohio. Clark-Theders is a 20-employee firm managed by Rick Theders, chairman of the board, and his son, Jonathan, president.
Rough Notes Company executives presented the award to Rick, Jonathan and members of the Clark-Theders management team at a dinner honoring the agency in late March.
"We are completely inspired by this award," said Jonathan Theders in accepting the honor. "This is absolutely amazing." He added, "I am very appreciative of the ability to have members of our team here so they can share in this honor for which they deserve so much of the credit."
Clark-Theders' business is about two-thirds commercial lines and one-third personal lines. It has tripled its business in the last 10 years to approximately $3 million in revenues. Their retention rate on their book of business has been 95% or higher every year for past 10 years.
The Clark-Theders business plan is built on a risk management and risk mitigation program that examines risk in light of its impact on the client's bottom line. Clark-Theders also is noted for its extensive charitable work-giving employees time off for their own charitable ventures as well as conducting corporate charitable projects.
More than 50 people attended the Rough Notes award dinner, including agent members of the magazine's editorial board and industry guests.
The winner of the Agency of the Year award is determined by votes of insurance agency owners who have been featured on the cover of Rough Notes over the past two decades. One of those agency owners characterized Clark-Theders as "true servant leaders whose selfless approach to leadership places serving others as priority number one."
Rough Notes Magazine is a 134-year-old publication with a national circulation of 38,700 independent agents, brokers and executives.
NAS Appoints Jill Linhardt, Senior Vice President of Claims
NAS Insurance Services named Jill Linhardt, Senior Vice President of Claims. Jill has been with NAS since 1994 and is a principal. An attorney by training, Jill began as an underwriter with NAS and moved to the Claims Department in 2000. Over the past 12 years, she has served as Vice President of Claims, overseeing the Claims Department, including coverage evaluations, communications with attorneys, insureds and reinsurance clients. Jill is an integral part of the NAS team and has been on the frontlines of customer support, ensuring that our clients receive the best possible claims handling.
According to Richard Robin, CEO, "Jill has done a fabulous job managing claims on innovative, developing coverages while simultaneously providing extraordinary customer service. She is an important member of NAS' Executive Team."
NAS is a product oriented, independent underwriting manager of specialty insurance with full binding authority to underwrite on behalf of Lloyd's, London and other highly rated carriers. NAS offers innovative specialty products for a broad spectrum of industries and distributes products as insurance and reinsurance.
NAS Insurance Services is an underwriting manager located at 16501 Ventura Blvd. Suite 200, Encino, CA 91436, telephone (818) 382-2030, fax (818) 382-2040, website www.nasinsurance.com.
15 safety tips to manage risk when traveling abroad on business: Schinnerer
Chevy Chase, MD – April 11, 2012 –. With the risk of kidnap, detention, and extortion events on the rise in both domestic and foreign markets, Victor O. Schinnerer & Company, a leading managing general underwriter, offers 15 safety tips to manage risk when traveling abroad on business.
The tips are in conjunction with Schinnerer’s 15th anniversary of offering Kidnap, Ransom & Extortion coverage. The program is available in all states and admitted in every state except South Dakota and Washington where it is offered on a non-admitted basis. The program is available to both companies and high-net worth individuals.
“Increased global instability has caused companies to focus more than ever on the safety of their employees,” said Sarah Katz, Schinnerer’s manager of the program. “Given our experience and expertise, Schinnerer is uniquely positioned to help its clients navigate the ever-changing risk landscape.”
The 15 tips are:
- Provide your office with your itinerary.
- Check in with your home office twice a day.
- Prior to departure, register with your embassy in your destination.
- Carry a cell phone programmed with emergency numbers (corporate hotline / contact; embassy number; hotel management / concierge).
- Limit the number of credit cards and amount of cash carried.
- Avoid needless reference to your company / business affiliation.
- Avoid disputes, demonstrations, political rallies and commotions on the street.
- Be observant of where you are and where you are going at all times.
- Be alert if you continue to see the same faces and vehicles, and wary of loiterers.
- If you suspect you are being followed, enter any busy public place and call for help.
- Pre-arrange the transport to pick you up from the airport.
- When not being met by a company or host driver, use hotel cabs.
- Windows should be kept rolled up and doors locked at all times while in a vehicle.
- In regions with known risks, arrange accompaniment if you must leave the hotel / office on foot, particularly after dark.
- Avoid hotel rooms on the first floor or otherwise easily accessible from outside the building.
About Schinnerer
Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of professional liability and specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in various specialty industries through independent insurance agents and brokers. Learn more at www.schinnerer.com.
Ryan Specialty Group, LLC
Announces Definitive Agreement
To Acquire
WKFC Underwriting Managers
APRIL 3, 2012, CHICAGO, ILLINOIS -Ryan Specialty Group, LLC (RSG) today announced that its subsidiary RSG Underwriting Managers, LLC has reached a definitive agreement to acquire WKFC Underwriting Managers (WKFC). WKFC is one of the premier managing general agencies in the excess and surplus lines arena. WKFC's business is comprised of property risks, general liability and specialty lines such as windstorm and earthquake deductible buybacks, equipment breakdown, inland marine, professional liability, weather, special events programs and more. Terms of the transaction were not disclosed and the parties anticipate closing as soon as practicable.
Founded in 1994, WKFC is based on Long Island, NY. Over 90% of WKFC's business is written through a network of 150 wholesalers located throughout the United States. The agency's weather and special events programs are also available directly to retailers. The agency offers clients A+ or A rated markets, solid underwriting expertise and a state of the art automation system.
RSG Chairman and CEO, Patrick G. Ryan notes, "WKFC is one of the first MGAs in this industry to go paperless and provide clients with prompt, reliable service throughout the life of the policy term. Our mission at RSG is to create and deliver value-added products and services to the insurance marketplace. The acquisition of WKFC will be consistent with that mission and offers both RSG and WKFC the opportunity to broaden our product and service capabilities."
Thomas Kennedy, former Chairman and CEO of WKFC, adds, "I have had an exciting career in the insurance industry, and am particularly proud of what we accomplished at WKFC over the past 18 years. Because of our intense focus on hiring and developing talented people, it is with great pleasure that I now hand over the role of CEO to Michael Sillat. Watching Michael grow and develop the business over the years has been a major source of pride for me. As I see it, combining WKFC's service and underwriting capabilities with RSG's unique business model is a win-win for WKFC, RSG and the industry."
Michael Sillat, president and CEO of WKFC, says, "I see this alignment of our operations with RSG as being not only extremely beneficial to the insurance marketplace, but equally, it provides a strong, stable platform for our loyal, skilled underwriting and administrative staff to explore numerous growth opportunities in an exciting and professional environment. At WKFC, we are eager to explore and capitalize on new market trends. That's why, in addition to our core products in the property, casualty and professional arena, we have developed specialty lines such as weather, special events insurance, wind and quake deductible buybacks and other niche products. I see our partnership with RSG as a strategic move that will furthermore allow WKFC's underwriting leadership to continue to develop cutting-edge products and services to address the complex challenges facing our clients and to develop these new products in a timely and responsive fashion."
WKFC was represented by Gill & Roeser, Inc.
For more information on this release, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.
About Ryan Specialty Group, LLC (RSG)
Ryan Specialty Group, LLC is a global holding company which includes a select group of highly-specialized underwriting companies, a Lloyd's insurer and other specialty services designed specifically for agents, brokers and insurers. www.ryansg.com
About WKFC
WKFC is managing general underwriter headquartered in Melville, NY on Long Island. With offices in New York, Chicago, San Francisco, Atlanta and Houston, WKFC operates on a nationwide basis and distributes its products primarily through wholesale brokers. Weather and special events programs are also available directly to retailers in addition to our wholesale clientele. www.wkfc.com
Hanleigh Expands Special Risk Practice with Three New Hires
Rick Fitzke, Eric Olivo, and Carla Trolio add valuable expertise and experience to organization
Woodcliff Lake, NJ – February 1, 2012 Hanleigh, a Crump Insurance Services Company (Crump P&C) and a division of Crump Group, Inc., the nation’s premier insurance wholesaler, today announced Rick Fitzke, Eric Olivo, and Carla Trolio have joined the Hanleigh business. Rick Fitzke and Eric Olivo join as Directors of Sales, and Carla Trolio as Senior Underwriter. Ed Kenney, President of Hanleigh commented, “These three talented professionals are tremendous additions to our Hanleigh business and key to our future growth strategy.”
Mr. Fitzke and Mr. Olivo both Director of Sales, provide over 36 years combined experience in disability sales with an extensive expertise in Individual, Corporate, & Group Disability Insurance. Mr. Fitzke can be reached at 303.324.4399 or at Rick.fitzke@hanleighinsurance.com. Mr. Fitzke comes to Hanleigh from Disability Resource Group where he served as the Vice President, Corporate Financial Solutions.
Mr. Olivo may be reached at 661.309.2233 or at Eric.Olivo@hanleighinsurance.com. Mr. Olivo comes to Hanleigh from MassMutual and UNUM.
Ms. Trolio, Senior Underwriter, provides over 10 years experience as a Senior Disability Underwriter. In her new role, Ms. Trolio will be responsible for the underwriting of all Hanleigh products as well as special projects including training and mentoring of Associate Underwriters and Sales Representatives. Ms. Trolio will also manage strategic projects, as needed. She may be reached at 201.505.1050 ext. 3028 or at Carla.Trolio@hanleighinsurance.com. Ms. Trolio comes to Hanleigh from MassMutual where she focused on the evaluation of complex medical and financial risks.
Combining their experience in disability marketplace lines, Mr. Fitzke, Mr. Olivo and Ms. Trolio will help Hanleigh increase its national presence, increase our partnerships with retail agents and provide added resources to our clients. All three new hires will also work to expand the relationships of our current clients.
About Crump Insurance Services and Hanleigh
Crump Insurance Services, Inc. (Crump P&C) is a division of Crump Group, Inc., the nation’s premier insurance wholesaler. Crump P&C includes Crump wholesale brokerage locations across the U.S. and in Bermuda, Hanleigh, Five Star Specialty Programs and Crump Professional Programs. Additional information on these companies is available at www.crumpins.com. Hanleigh designs and underwrites coverage for highly compensated corporate, entertainment, and sports risks. As underwriters of high limit disability, personal accident, special risk contingency and other niche products, Hanleigh provides risk solutions to some of the world’s most successful individuals and organizations. Hanleigh has been an innovator of special risk products for almost 30 years. More information specifically on Hanleigh is available at www.hanleighinsurance.com.
Top Executives from CIAB, Deloitte and Farmers Headline
2012 IMCA Annual Conference
Insurance Marketing and Communications AssociationTM gathers the world’s top insurance marketing and communications professionals to learn, network and share industry insights
DENVER – March 1, 2012 – Industry leaders from Farmers Insurance, CIAB, Deloitte Consulting, JD Power & Associates and other top organizations headline the 2012 Insurance Marketing and Communications AssociationTM Annual Conference in Denver, June 24--27, 2012, at the Ritz Carlton. The conference draws marketing and communications insurance professionals from across North America.
The event features Jerry Davies, AVP of Media & Public Relations for Farmers Insurance, who will present The Eye of the Media Storm: Communicating During Catastrophic Coverage. He will explain how careful preparation and a dose of empathy will deliver the best results for insurers when facing catastrophic communication situations.
“The IMCA Annual Conference offers insurance professionals a terrific opportunity to network with industry peers and develop meaningful connections,” said Linda J. Collins, IMCA president and VP of Corporate Communications at Arthur J. Gallagher & Co. “Our outstanding roster of speakers will also ensure that attendees come away from the meeting armed with fresh ideas and new approaches to their individual marketing and communication efforts.”
Keynote speaker Ken Crerar, president and CEO of The Council of Insurance Agents and Brokers (CIAB), will kick off the meeting with, Insurance Industry Insight. Don Hurzeler, author and retired CEO and president of Zurich Insurance Middle Markets, will present The Importance of Differentiating Yourself.
Leading insurance executives will participate in a valuable panel discussion, Trends in Insurance Marketing and Communications – A View from the Top. The panel features Hans Heukelum, SVP of Global Marketing & Communications at Aon Risk Solutions, Sarah German, VP Communications & Marketing at XL Group, and Frank Thompson, VP of Marketing at Shelter Insurance.
The 2012 IMCA Annual Conference agenda also features:
- When Did Personal Auto Become a Laughing Matter? – Jeremy Bowler, Senior Director of Insurance Practice at JD Power & Associates
- Marketing in the Nanosecond Culture – Richard Honack, Lecturer of Executive Programs for Northwestern University’s Kellogg School of Management
- Brand Resilience: Managing Risk and Recovery in a High Speed World – Jonathan Chopulsky, Principal at Deloitte Consulting
- Investing in the Future of Our Industry – Diane Mattis, Executive Director at INVest
- Connecting with Consumers: Boosting Response Using QR and Mobile Advertising Techniques – Richard Goldman, Founder and CEO of Competiscan • What Are the Numbers Really Telling You? – Anne--Marie Duffy, Co--president of Phoenix Marketing
- Advanced Social Media Marketing – Harry Gold, CEO and Managing Partner of Overdrive Interactive
The IMCA Annual Conference is also the location for the IMCA ShowcaseTM Awards, the longest--running creative awards competition for insurance marketing and communications professionals. The Showcase Awards Gala will take place on June 26 and will feature industry--leading marketing and communications work. Elite entries will be recognized with the Awards of Excellence and Best in Show in 35 categories, including corporate communications, electronic, print, social and broadcast media, and internal and external communications. The desirable SAMMYTM award, the top Showcase recognition, will be presented to the overall best submission as voted by meeting attendees.
This year, a special IMCA Showcase presentation will feature Larre Johnson, partner and creative director of Big Honkin Ideas. Johnson will also present, How to Get an Idea to Market and How to Un-- Market an Idea, during the meeting’s workshop sessions.
Sponsors of the 2012 IMCA Annual Conference include A.M. Best Company, Business Insurance, Grinnell Mutual, Independent Agent Magazine, Insurance Journal, Main Street America Group, Phoenix Marketing International, Risk & Insurance, The Co--Operators and The Institutes. To register or learn more about the IMCA Annual Meeting or the Showcase Awards, visit www.imcanet.com.
About IMCA
The Insurance Marketing and Communications Association (IMCAsm) is an international organization of insurance professionals specializing in marketing, communications, advertising, sales promotion, public relations and media relations. The oldest insurance marketing and communications association in North America, it began as the Insurance Advertising Conference (IAC) in 1923 and was renamed in 1984 to better depict the evolving roles of insurance communicators. IMCA’s purpose is to promote excellence in insurance marketing and communications, improve the professional skills of members, foster the sharing of ideas and experiences among members and promote a positive image of the insurance industry.
Glatfelter Program Managers Acquires Bunker Hill’s Senior
Living and Religious Institutions Programs
Programs will become part of newly formed Glatfelter Healthcare Practice and Glatfelter Religious Practice
York, Pa. – January 4, 2011 – Glatfelter Program Managers (GPM), a strategic business unit dedicated to Glatfelter Insurance Group’s program business, today announced that it has acquired the Senior Living and Religious Institutions programs of Bunker Hill Underwriters (BHU). BHU is the underwriting agency subsidiary of Houston International Insurance Group, which is based in Houston, Tex.
The Senior Living program will be known as Glatfelter Healthcare Practice, which will also include GPM’s program formerly known as Hospice and Community Care Insurance Services. The Religious Institutions program will be known as Glatfelter Religious Practice.
“These programs are an excellent fit with the current expertise and industry knowledge at Glatfelter Program Managers,” said Art Seifert, president of GPM. “We will continue to actively look to add to our program portfolio through acquisitions and organic growth.”
Glatfelter is retaining all underwriting and claims staff that has been servicing these two programs and they will continue to underwrite and service this business from Houston. Senior Living will continue to be written through QBE Specialty, rated “A” by A.M. Best, and Religious Institutions will continue to be written through admitted and non--admitted “A-- or higher” A.M. Best rated carriers.
Glatfelter Healthcare Practice will provide coverage for skilled care, assisted living, independent living, continuing care retirement communities (CCRCs), personal care and group homes, hospice, home health care agencies and other private homecare agencies. Coverage is all lines except workers’ compensation and most products are available in all 50 states.
Glatfelter Religious Practice specializes in large churches, synagogues and other religious institutions, and is available in all states except Alaska and Hawaii. It will provide all lines of coverage except workers’ compensation.
Agents and brokers seeking more information should contact Art Seifert at aseifert@glatfelters.com or 800-233-1957 Ext 7472.
About Glatfelter Program Managers (GPM)
GPM (www.glatfelters.com/specialty_insurance_programs.asp) is a strategic business unit dedicated to Glatfelter Insurance Group’s program business. Based in York, Pa., GPM is one of the premier managers and recognized specialists of niche markets in the country. GPM manages and markets several specialty programs, including VFIS for fire departments, ambulance and rescue squads, and 911 centers; Glatfelter Public Practice for educational institutions, municipalities, independent school bus contractors and water/sewer entities; Glatfelter Healthcare Practice for skilled care, assisted living, independent living, continuing care retirement communities (CCRCs), personal care and group homes, hospice, home health care agencies and other private homecare agencies; and Glatfelter Religious Practice for churches, synagogues and other religious institutions.
National Interstate
National Interstate’s Affiliate, Safety, Claims and Litigation Affififiliate, Services, LLC, is
Recognized by Best’s Review for Successful Innovation
Richfield, Ohio – January 23, 2012 – National Interstate Insurance Company announced that its affiliate, Safety, Claims and Litigation Services, LLC (SCLS) has been recognized for its accident event recorder program in the Innovators Showcase, published in the January 2012 edition of Best’s Review magazine.
The program provides commercial transportation insurance customers with access to Accident Event Recorder (AER) technology. AERs, which record video and audio when a driving incident occurs, can help to improve driver performance, reduce accidents and save lives while controlling losses and reducing insurance premiums. Since launch of the program in 2006, SCLS has helped install more than 14,000 of the recorders in customers’ vehicles.
Reviewer William Panning, executive vice president, Willis Re, wrote, "This project achieves its objective by gathering or assembling and making available to clients, in a convenient format, relevant data to which clients would not normally have access. The focus is on proactive preventive actions rather than on post-loss attempts to minimize loss costs."
Innovators Showcase is a forum for recognizing forward thinking among insurance organizations. A panel of insurance industry experts assessed the relative merits of nearly 70 submissions.
“We are very pleased to be included in the exclusive group selected for Best’s Review’s Innovators Showcase,” said Dave Michelson, President of National Interstate. “The AER program has proven to be very successful in helping commercial transportation companies become safer operators while significantly enhancing their safety programs. We appreciate the opportunity to share our innovation, and remain committed to providing this extremely valuable loss control tool to as many customers as possible.”
The digital edition of the article is available at: http://www3.ambest.com/bestweek/getpublication.asp?issueid=72ecd829&pageid=21
Best’s Review is published by the A.M. Best Co. for insurance professionals, including home office executives, agents and brokers. Founded in 1899, A.M. Best Co. is the world’s oldest and most authoritative insurance rating and information source.
About National Interstate
National Interstate Insurance Company, a wholly owned subsidiary of National Interstate Corporation, is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. We differentiate ourselves by offering insurance products and services designed to meet the unique needs of targeted insurance buyers. Products include insurance for passenger, moving and storage, and truck transportation companies, alternative risk transfer, or captive insurance programs for commercial risks, specialty personal lines consisting of insurance products focused primarily on recreational vehicle owners and small commercial vehicle accounts, and transportation and general commercial insurance in Hawaii and Alaska.
National Interstate and its insurance subsidiaries, which include Vanliner Insurance Company and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company.
Ryan Specialty Group, LLC (RSG)
Ryan Specialty Group, LLC Acquires
Global Special Risks from Willis North America
Chicago, IL- Ryan Specialty Group, LLC (RSG) today announced the acquisition of Global Special Risks, LLC (GSR), a specialty underwriting manager from Willis North America Inc., a subsidiary of Willis Group Holdings (NYSE:WSH). GSR specializes in providing innovative solutions for energy, marine and specialty product offerings with the London and North American markets. GSR will become part of RSG Underwriting Managers, LLC. Willis Capital Markets & Advisory acted as a financial advisor to Willis. Terms of the transaction were not disclosed.
GSR was formed in 1979 as a London Market Coverholder (a Managing General Agency for Lloyd's and London Companies.) Over the years GSR has been at the forefront of creating new products specifically developed to fit the needs of energy and marine clients. The agency offers a broad range of exclusive, innovative products for this market niche including well control, comprehensive general liability, excess liability, contractor's equipment, professional liability, business interruption, cargo, maritime employer's liability and more.
RSG Chairman and CEO, Patrick G. Ryan notes "We are thrilled with the acquisition of Global Special Risks. GSR has a long tradition of innovation in the energy and marine areas. It brings a unique perspective to our specialty insurance offerings, providing our clients with an efficient underwriting platform and product distribution network of high-quality front-end services for energy and marine clients."
Willis Chairman and CEO Joe Plumeri adds, "We believe that joining GSR with the specialty underwriting companies of RSG is a good move for its team and energy clients."
For more information on this release, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.
About Ryan Specialty Group, LLC (RSG)
Ryan Specialty Group, LLC is a global holding company which includes a select group of highly-specialized underwriting companies, a Lloyd's insurer and other specialty services designed specifically for agents, brokers and insurers. www.ryansg.com
About Willis
Willis Group Holdings is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.
R-T Specialty, LLC
R-T Specialty, LLC Acquires Maclean, Oddy & Associates
CHICAGO, ILL - R-T Specialty, LLC, the wholesale broker of Ryan Specialty Group, LLC, recently acquired Maclean, Oddy & Associates, Inc (MOA) business. MOA is a specialist broker for unusual property and casualty risks with a focus on environmental coverages. MOA has offices in Dallas and Houston, TX.
RT Specialty President and CEO Timothy W. Turnersays of the acquisition, "We are extremely pleased that MOA is part of the RT Specialty team. MOA's focus on unusual risks is a perfect fit for RT Specialty. With its addition to our team, we will be able to provide clients additional resources and strengthen our presence in Texas."
For more information on this release, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.
About R-T Specialty, LLC
R-T Specialty, LLC (RT) is a subsidiary of Ryan Specialty Group, LLC, specializing in wholesale brokerage, MGA/MGU underwriting facilities and other services to agents, brokers and carriers.In California: R-T Specialty Insurance Services, LLC License #0G97516. www.rtspecialty.com
Euclid Insurance Services Hires New Specialty Underwriting Team
Itasca, IL – December 15, 2011 – Euclid Insurance Services, Inc. (“Euclid”) announces the hiring of Daniel Aronowitz and four other nationally recognized specialty insurance experts to form Euclid Specialty Managers, LLC (“Euclid Specialty”). Euclid Specialty is a program administration company that manages specialty insurance programs with a particular focus on the organized labor affinity insurance market. Daniel Aronowitz, who will lead Euclid Specialty, is the former President of Ullico Casualty Company, where he and his team led the successful development of Ullico’s property and casualty insurance products for the labor movement. The Euclid Specialty team members are highly regarded thought leaders in fiduciary liability insurance for multiemployer and governmental benefit plans.
“Dan and his team are seasoned underwriters with insurance carrier backgrounds who will enhance Euclid’s reputation for best-in-class insurance products and expand our platform into risk-sharing and other creative commercial lines insurance solutions,” said John Colis, President and CEO of Euclid.
“My team and I chose Euclid because they are expert program administrators with the highest quality underwriting talent in the industry,” says Daniel Aronowitz, Managing Principal of Euclid Specialty. “We intend to utilize Euclid’s Professional Liability and Public Entity underwriting capabilities to help our broker partners grow, and to continue to bring creative insurance solutions to the benefit fund and non-profit markets in which we specialize.”
The Euclid Specialty team brings over 75 years combined experience serving the organized labor niche with commercial and professional liability insurance products. Euclid Specialty is developing programs providing fiduciary liability for multiemployer and governmental benefit plans, professional and commercial package insurance for union non-profit entities, and risk-sharing commercial and workers’ compensation specialty insurance programs. Euclid Specialty team members include:
- Daniel Aronowitz, Managing Principal, daronowitz@euclidmanagers.com, 415-254-4031
- Douglas R. Dvorak, Chief Claims Officer, ddvorak@euclidmanagers.com, 571-292-7792
- Michael Saa, Chief Underwriting Officer – Professional Liability, msaa@euclidmanagers.com, 914-439-1019
- Marty Gelhaus, Chief Underwriting Officer – Commercial Lines, mgelhaus@euclidmanagers.com, 202-747-4443
- John V. O’Brien, Chief Marketing Officer, jobrien@euclidmanagers.com, 440-714-5832
Euclid Specialty Managers will maintain offices in McLean, VA and New York City.
For more information on product availability, please contact any Euclid Specialty team member.
Midwest Insurance Agency Alliance Celebrates 10th Anniversary
November 17th, 2011 - Hampton, NH: SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - is proud to celebrate the 10th anniversary of Midwest Insurance Agency Alliance (MIAA) as an SIAA Master Agency.
According to SIAA Chairman & CEO Jim Masiello, "Midwest Insurance Agency Alliance has achieved a significant milestone for which our Master Agencies across the country strive. On the national level, 60% of our Master Agencies have been with us for over a decade. It's this type of tenure that affirms SIAA's standing as the premiere Alliance of independent insurance agencies in the country. Our model has worked for nearly 30 years now - through soft and hard markets, economic downturns, extreme competition - virtually all conditions."
"Our Alliance is designed to help insurance agents at all stages." said MIAA CEO Mike Meacham. "Our retail agency, All American Insurance of Lincoln, Nebraska, celebrates 40 years in business in 2012, and we've managed growth from a small single storefront to multiple offices. Along with our agency management experience from Midwest Insurance Agency Alliance, SIAA's resources help P&C Agents, direct writers/captive agents, and producers continue or start their independent insurance agency by making them instantly big as part of our organization. The resources available to members help them navigate through the difficulties that often prevent a smaller or new independent insurance agency from succeeding."
Midwest Insurance Agency Alliance has been a Master Agency partner of SIAA since 2001 and a perennial winner of the "Top Recruiter" award. With territory including North and South Dakota, Nebraska, Iowa, Kansas, Missouri, and Minnesota, they are the largest independent agency group in the area. They are also the second largest Master Agency in the SIAA organization, with 117 active member agents. For more information on MIAA, visit miaainsurance.com.
The SIAA (Strategic Insurance Agency Alliance) concept originated in New England in 1983 where many local insurance agencies were finding it difficult to receive carrier appointments, start new insurance agencies, compete against larger insurance agencies, and receive profit sharing. Midwest Insurance Agency Alliance has grown to be second in size only to the founding Master Agency, SAN Group.
SIAA is a national alliance with billions in combined profitable premium. SIAA utilizes its stability and strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. This national alliance of insurance agencies has engaged more than 3,900 members. For additional information about SIAA, visit www.siaa.net.
SIAA Adds Another Master Agency to the California Marketplace
December 8, 2011 - Hampton, NH: SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - recently announced that Master Agency partner CoVerica Agency Alliance (formerly called SIG Agency Alliance) has expanded into the State of California. CoVerica's territory in California will include the northern Los Angeles and Sacramento areas.
"We welcome CoVerica of California as our 52nd Master Agency," announced SIAA CEO Jim Masiello. "The experience and expertise that CoVerica can provide in these new territories is significant given their 10 years of membership with SIAA." Masiello went on to say, "With the current economic climate and hardening of the insurance marketplace, CoVerica will enable local independent agents to weather the storm by following the SIAA model. It's true, we make agencies instantly big! Our model has worked since 1983 through soft and hard markets, economic downturns, and extreme competition - virtually all conditions. And that is good news for the local independent agents in CoVerica's California territories who qualify to become members."
CoVerica in California will be managed locally by Bill Kinney, President and CEO of Kinney and Company of Pasadena, CA. Mr. Kinney has established a reputation for serving a multi-cultural and ethnically diverse customer base, which in turn has helped him build a substantial insurance agency. He has served on a number of advisory boards for insurance carriers over his 33 year career and purchased the Corinth Agency after working there for more than twenty years.
Mike Sterlacci, President and CEO of CoVerica, started the Master Agency in Dallas, TX in 2001 and has grown it to include 48 active member agencies. His experience in building a successful organization in partnership with SIAA will enable the California operation to "hit the ground running". Mr. Sterlacci commented, "I'm excited at the prospect of bringing the SIAA model to our California territories and look forward to creating a win-win situation for independent agents there." For more information on CoVerica Agency Alliance (SIG Agency Alliance), visit www.sigagencyalliance.com.
SIAA (Strategic Insurance Agency Alliance) is a national alliance of over 3,900 independent insurance agencies. SIAA utilizes its stability and strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. For more information on SIAA, visit www.siaa.net.
Schinnerer Wins American Public Gas Association Endorsement
Chevy Chase, MD - December 6, 2011 - Victor O. Schinnerer & Company, a leading managing general underwriter, announces its selection by the American Public Gas Association (APGA) as the endorsed insurance program for APGA members. The membership consists of publicly- and community-owned gas utilities.
Schinnerer will provide its property & casualty and management liability programs to APGA members. Underwritten by Schinnerer and backed by A rated carriers, the program is designed for the unique needs of the natural gas industry.
Insurance offerings include:
- General liability
- Property
- Crime
- Inland marine
- Commercial auto
- Excess liability
- Umbrella
- Directors & officers liability
- Employment practices liability
- Fiduciary liability
Schinnerer was selected based on its market stability, expertise in underwriting, quality of coverage and service standards.
Visit www.schinnerer.com/APGA for more information. The partnership commences on January 1, 2012.
About APGA
The American Public Gas Association (APGA) is The Voice and Choice of Public Gas in Washington, D.C. APGA is the not-for-profit nationwide association for publicly- and community-owned gas utilities and represents over 700 members in 36 states. We advocate on issues that impact our members and the communities they serve. We also work across the nation to educate our members on best safety practices, legislative issues, effective business and operational strategies, and host conferences promoting the benefits of natural gas as a responsible and efficient energy source. www.apga.org.
About Schinnerer
Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of professional liability and specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in various specialty industries through independent insurance agents and brokers. Learn more at www.schinnerer.com.
Markel Announces Agreement to Acquire THOMCO
Richmond, VA, December 7, 2011 – Markel Corporation (NYSE-MKL) and Thompson
Insurance Enterprises, LLC (dba THOMCO) announced today that they have entered into a
definitive agreement for Markel to acquire THOMCO, a privately held Program Administrator
underwriting multi-line, industry-focused insurance programs. Headquartered in Kennesaw,
Georgia, THOMCO manages over 20 national programs including Medical Transportation,
Senior Living, Childcare Centers, Fitness Clubs, Pest Control Operators, Tanning Salons and
Inflatable Rental Operators, among others.
THOMCO expects to underwrite in excess of $170,000,000 in gross written premium
in 2011. The firm produces business through a network of 4,500 producers and has 108
employees, with the majority located at the home office in Kennesaw in addition to branch
offices in Kansas City and Denver.
THOMCO will continue to operate as a separate business unit with Greg Thompson
and Bob Heaphey, THOMCO’s current Chairman and President, respectively, leading the
operation. The operating unit will be a part of Markel Specialty.
The transaction has been approved by all THOMCO’s members. Completion of the
transaction is subject to customary closing conditions, including Hart-Scott-Rodino clearance,
and is expected to occur in the first quarter of 2012. Terms of the transaction were not
disclosed.
“We are very compatible organizations,” commented Greg Thompson, THOMCO’s
Chairman. ”Both companies have built an excellent reputation for integrity, customer service
and underwriting discipline. Markel prides itself on providing an atmosphere in which people
can reach their personal potential, and we whole-heartedly embrace that value. Our product
innovation, niche expertise, distribution network and technology complement Markel’s
outstanding Claims Department and financial strength. We will be able to better serve our
customers while offering greater opportunity to our staff. This transaction should be a
winner for both parties.”
Mike Crowley, Markel’s President and Co-Chief Operating Officer, added: “With the
acquisition of THOMCO, we are witnessing the combination of two companies that share a
similar history. Both were founded by families that maintain leadership positions in their
respective firms and who share similar cultures and values.”
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche
markets. The Company’s principal business markets and underwrites specialty insurance
products. In each of the Company’s businesses, it seeks to provide quality products and
excellent customer service so that it can be a market leader. The financial goals of the
Company are to earn consistent underwriting and operating profits and superior investment
returns to build shareholder value.
This release contains statements concerning or incorporating expectations,
assumptions, plans, objectives, future financial or operating performance and other
statements that are not historical facts. These statements are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. There are risks
and uncertainties that may cause actual results to differ materially from predicted results in
forward-looking statements, including the ability to consummate the acquisition of THOMCO
by Markel; the ability to promptly and effectively integrate the operations of Markel and
THOMCO; timing to consummate the proposed transaction and any necessary actions to
obtain required regulatory approval; potential disruption of current THOMCO business
relationships because of the transaction; loss of key employees; and increased operational
and control risks during the integration process. Additional information about factors that
could cause actual results to differ materially from those projected in the forward-looking
statements is described under the captions "Risk Factors" and "Safe Harbor and Cautionary
Statement" in Markel's most recent Annual Report on Form 10-K and Quarterly Report on
Form 10-Q. By making forward-looking statements, Markel does not intend to become
obligated to publicly update or revise any such statements, whether as a result of new
information, future events or other changes.
SIAA Grows by 35 Agencies in November 2011
December 6, 2011 - Hampton, NH: The Strategic Insurance Agency Alliance (SIAA) announced 35 new member agencies in November.
Of November's signed members, 25 are liberated "captive agents" new to the independent agency system - bringing new premium dollars and new people into the system. SIAA helped create over 290 new agencies in 2010 from a total of 420 newly signed members. 307 have been announced in 2011 to date.
"We are excited to be able to grow at a steady and aggressive pace." said Jim Masiello, SIAA's CEO. "This is further evidence of how our model works irrespective of the economic climate."
SIAA members wrote more than $310 million in new business premiums in 2010 and are projected to exceed that volume for 2011. The new business premium for 2010 was up over 27% from 2009's figure of $235 million.
November's new members include:
East:
- The Highbeam Group of Cherry Hill, NJ
- Geraci Agency of Clinton Corners, NY
- ENV Property & Casualty of Liverpool, NY
- Central New York P&C Agency of Syracuse, NY
- John Navage, Jr. of Beaver Falls, PA
- Jones Insurance Group of North East, MD
Midwest:
- Epic Insurance Agency of Solon, OH
- Raymond F. Trout of Clayton, MO
- Republic Underwriters of Clawson, MI
- TCB Transportation Insurance of Fort Wayne, IN
- Schoen Insurance Agency of Charlotte, MI
West:
- Quest Financial Insurance Services of Palm Desert, CA
- Robbins Financial and Insurance Services of Cypress, CA
- Brasher Insurance Group of Bountiful, UT
- WorkComp For Less Insurance Services of Carlsbad, CA
- Kinney & Company of Pasadena, CA
- Arrowhead Insurance Services of Lake Arrowhead, CA
- Insure Wise Insurance Brokers of Agoura Hills, CA
- Insure It of Rogers, AZ
- Norwest Insurance Agency of Seattle, WA
- Robin Hart-Taylor Insurance Agency of El Cajon, CA
Southeast:
- Florida VN Company of Pinellas Park, FL
- Wells Insurance Agency of Macclenny, FL
- Sadler & Hamm of Flowery Branch, GA
- Jake Moore Insurance of Brandon, FL
- Don Allred & Associates of Burlington, NC
- Bailey / Fleming Insurance Agency of Inman, SC
- Taylors Insurance Agency of Taylors, SC
- Ball Insurance Services of Florida of Edgewater, FL
South Central:
- Partners Premier Insurance Agency of Georgetown, TX
- Spengler-Stewart Agency of Alexandria, LA
Since it's inception in 1995, SIAA has signed over 3,900 new members.
SIAA is dedicated to the creation, retention and growth of the Independent Insurance Agency distribution system. SIAA provides independent agencies with the company access necessary to become instantly BIG. For more information on SIAA visit www.siaa.net.
The National Insurance Agency Alliance
For additional information, contact James Lane, Senior Marketing Manager, at jamesl@siaa.net or 603-601-1216.
2011 CONTRIBUTORS TO THE INSURANCE MARKETPLACE CYBERCAST
INSURANCE COMPANIES | MANAGING GENERAL AGENTS
PROGRAM ADMINISTRATORS | SURETY COMPANIES | WHOLESALE BROKERS
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