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.
SAN Group, Inc. Collects Over 450 Toys for Tots Donations from 7 Communities
December 21, 2011 (Hampton, NH) - SAN Group, Inc., its member agencies, and insurance company representatives donated over 450 toys for the U.S. Marine Toys for Tots program while attending their regional SAN Principals Meetings. Each fall, a series of 7 meetings are held across New England and New York. The annual collection takes advantage of the large business gatherings to support a worthy cause. All donations were delivered to local Toys for Tots drop-off points. For over 5 years, SAN has collected a generous supply of trucks, games, dolls, puzzles, stuffed animals and craft kits for the charity.
"We are happy to continue this tradition and are thankful for the opportunity to ensure needy children have a Merry Christmas," said Matt Masiello, President and COO of SAN. "When everyone pitches in, we can accomplish great things and it's never more appropriate than at the holiday season."
The mission of the U. S. Marine Corps Reserve Toys for Tots Program is to collect new, unwrapped toys during October, November and December each year, and distribute those toys as Christmas gifts to needy children in the community.
The objectives of Toys for Tots are to help less fortunate children throughout the United States experience the joy of Christmas; to play an active role in the development of one of our nation's most valuable resources - our children; to unite all members of local communities in a common cause for three months each year during the annual toy collection and distribution campaign; and to contribute to better communities in the future.
For more information about the Marine Toys for Tots Foundation or to find a toy drop-off location, visit toysfortots.org.
SAN Group, Inc. is the founding Member Agency of the Strategic Insurance Agency Alliance (SIAA), a national alliance of over 3,800 signed independent insurance agencies generating hundreds of millions in new premium annually. For more information on SAN Group visit www.sangroup.com.
Appalachian Underwriters, Inc. receives endorsement from Independent Insurance Agents of Georgia, Inc.
Oak Ridge, Tenn – November 30, 2011 – Appalachian Underwriters, Inc. (AUI) is proud to announce that it has received the endorsement from the Independent Insurance Agents of Georgia (IIAG) to be the exclusively endorsed workers’ compensation provider for their 660 member agencies.
“The Independent Insurance Agents of Georgia is one of the most esteemed insurance organizations in the country. We are happy to have received their endorsement and look forward to working with their member agencies” says Bob Arowood, President of Appalachian Underwriters, Inc.
“IIAG is proud to endorse Appalachian Underwriters for all of their workers’ compensation offerings. On a recent visit to the headquarters in Oak Ridge, TN, I was very impressed by AUI’s facilities and team. We look forward to working more closely with this organization. We are extremely confident that Appalachian will be extremely capable of assisting our members with their work comp needs” said Aubie Knight, CIC, CRM; CEO of Independent Insurance Agents of Georgia, Inc.
With the ever-changing insurance landscape in Georgia, many agents have lost a number of their carrier outlets. AUI is prepared to fill that void with their offering in Georgia, Bulldog Comp. The program is focused on hard-to-place types of accounts such as carpentry, millwrights, excavation, short-haul trucking, accounts with height exposure up to 40 feet and much more. Through this aggressive program, AUI can accept accounts with experience modification factors up to a 1.50. Online rating capabilities are available to agents by visiting www.appund.com
For additional information on the program or the endorsement, please feel free to contact Garland Byrd at 888-376-9633, ext 1005 or by email at garland.byrd@appund.com
Appalachian Underwriters, Inc. is a full service MGA, providing independent insurance agents a National wholesale outlet to multiple specialized markets for Workers’ Compensation, Commercial Specialty, and Personal Lines of insurance. For more information about Appalachian Underwriters, Inc. please visit www.appund.com
Accident Insurance Company (AIC)
AIC Sought and Found; Appointed 102 Agents in 100 Days
COLUMBIA, SC - Between July 12 and Oct. 12, 2011, AIC embarked on its first national campaign to appoint 100 Agents in 100 Days. As of yesterday, the final day of the campaign, AIC has appointed 102 independent insurance agents in 100 days-reaching its original goal, with two to spare.
Of the 102 newly appointed direct agents, 9 were appointed in AL., 21 in AR., 6 in AZ., 10 in GA., six in IL., 14 in IN., 5 in KY., 6 in MO., 7 in MS., 3 in OK., 6 in SC, one in TN., and 8 in Va.
"We are extremely pleased with the outcome of this campaign," said AIC chief marketing officer Jon Beckham. "Of course we were keeping a running tally with each appointment, but towards the end we started to question whether we would actually be able to make our goal, so knowing we made it to 102 is really a great feeling."
In total, the 102 newly appointed agents have been in business for an average of 32 years; have approximately 15 employees; produce a total commercial premium volume of more than $8 million; produce a total workers' compensation premium volume of nearly $2 million; and will produce an average of $109,000 in the first year of appointment; $166,000 in the second year; and $235,000 in the third.
Beckham added, "When we started this campaign, we had set standards not just for the geographic location of the agencies we were seeking, but also for their production, history and values." He said, "We wanted to be sure the appointments would be a mutually beneficial partnership for both the agency and AIC. We are really pleased to have so many top-notch agency's throughout the U.S. join our team of direct agents."
Having wrapped up the 100 Agents in 100 Days campaign, AIC has laid the ground work for additional growth and expansion coming in 2012.
AIC is a strong, stable commercial lines provider throughout the Southeast. Licensed in 18 states, AIC maintains a conservative approach to underwriting and a disciplined approach to its operations and investment strategies, resulting in favorable operating results, reliable profitability, and consistent and tempered growth. AIC prides itself on financial stability, quality product offerings at fair prices, and a small business service mentality.
For more information on AIC, please visit www.accinsco.com.
The Overby-Seaswell Company
Overby-Seawell Company Changes Name to OSC
KENNESAW, GA - The Overby-Seawell Company, a specialist in lender-placed insurance and risk management services and products, has changed its name to OSC.
OSC's specialty is protection and risk analysis of the collateral securing commercial, vehicle and residential real estate lending. Its collateral tracking technology is an industry leader and provides the platform for its risk management services to financial institutions. OSC also provides tax and escrow services.
The new name comes at a time when OSC is rapidly expanding beyond its traditional market in the Southeast United States. "We felt we needed a new branding strategy as the company now serves some of the largest financial institutions throughout the United States," explained CEO Larry Overby. "We have expanded our customer base providing lender-placed collateral protection services to large and small banks, credit unions, finance companies and mortgage servicing companies," Overby said.
In 2010 OSC was acquired by the Breckenridge Insurance Group a specialty underwriter, wholesale insurance broker and insurance services company with offices throughout the United States.
OSC's roots date back more than 20 years in the lender-placed financial community. Collateral protection insurance is triggered by a lapse in insurance coverage by the borrower on the collateral, such as a car or single family home, securing a loan by a financial institution. Today, OSC provides its insurance and risk services to more than 1,200 lenders.
For information about OSC, go to its website, www.oscis.com. For additional information contact CEO Larry Overby or COO Ted Lamb at (800) 432-1258.
Target Markets Program Administrators Association (TMPAA)
Sterling & Sterling and The Redwoods Group Awarded TMPAA Best Practice Honors
Wilmington, DE-The Target Markets Program Administrators Association (TMPAA) awarded two of its member agencies, Sterling & Sterling, Inc. and The Redwoods Group, the Association's Best Practice Designation at their recent Eleventh Annual Summit in Scottsdale, AZ.
Jeremy Hitzig, TMPAA President and Distinguished Programs CEO stated, "The TMPAA continues to celebrate its 10th year of serving the unique needs of the Program Specialist. Our Best Practice Designation stands at the core of what the Association looks to bring to this industry segment and our members. Once again, this Designation provides us the opportunity to showcase our members who function at the highest levels, and have demonstrated their expertise in Program Administration. We are pleased to recognize Sterling & Sterling, Inc. and The Redwoods Group as our newest Best Practice Designation recipients."
"On behalf of Sterling & Sterling, we are thrilled to be awarded the Target Market's Best Practice Designation," stated Leslie Nylund, Vice Chairman of Sterling & Sterling, Inc. "We pride ourselves on our adherence to compliance, professional standards and driving excellence in our delivery of service to our clients. Going through the Target Markets review and audit process further enforced our high level of commitment to discipline in our underwriting process and delivery of consistent quality and value to all our partners."
Kevin Trapani, President and CEO of The Redwoods Group, stated, "It is a tremendous honor to receive the designation of Best Practices from the Target Markets Program Administrators Association. The Association understands and serves the Program Administrator space well and that deep understanding was demonstrated during the audit process. We were impressed by TMPAA's emphasis on financial controls, enterprise risk management, underwriting profitability, perpetuation planning and human resource practices. Their leadership is looking for strong, sustainable enterprises that care about their customers, their risk bearing partners, their people and the communities they serve-these are the agencies they seek to uphold as models in our industry."
The Association's Eleventh Annual Summit was attended by close to 800 Program Business Professionals including 175 Program Agencies and the group's 53 Program Carriers. The group had the privilege of hearing a Keynote address from former President George W. Bush, and Industry speaker William R Berkley. Both shared their insights on leadership and current world affairs.
The Target Markets Program Administrators Association's 2012 Mid Year Meeting is scheduled for April 30 to May 2 in Boston, MA. Program Specialists/MGA's interested in learning more about the TMPAA Best Practice Designation or the Association can find information at www.targetmarkets.com or by calling 877-347-5700.
Information about Sterling & Sterling, Inc. can be found at www.sterlingrisk.com - The Redwoods Group at www.redwoodsgroup.com.
IMCA “Gets Unwired” at 3rd Annual Creative Forum
Top creative minds from Ogilvy Public Relations, Aon, Zurich and others take on
marketing and communications topics from storytelling to mobile marketing in
Atlanta Feb. 26-27
Atlanta – November 28, 2011 – The Insurance Marketing and Communications Association
(IMCA) invites insurance marketing and communications professionals to “get unwired” for
the Third Annual IMCA Creative Forum at the Westin Atlanta Airport Hotel in Atlanta, Ga.,
February 26-27, 2011.
The intense, one-day immersion into creative trends and issues will focus this year on how to
combine fundamental principles of storytelling and creativity with the latest marketing and
communications strategies, from mobile marketing to social media. The uniquely different,
content-rich event experience is designed to stimulate the creative core within all marketing and
communications professionals.
Keynote speaker Mike Hatcliffe, managing director of Corporate US Practice at Ogilvy Public
Relations, will open the event with “The Art of Storytelling: Media Relations and Building
Reputation,” a discussion of how to effectively convey a company’s story through digital
communications and social media tactics, with lessons to be learned from those who are
winning in this new media world – and those who are losing.
The conference will also feature:
- Gregg Fraley, entrepreneur, author, speaker and innovation consultant, on how the
Creative Problem Solving (CPS) method can solve business challenges.
- Jeff Bair, CIC, executive director of IA operations and strategic marketing at Foremost
Insurance, on how to take social media to the next level.
- Regis Coccia, director of marketing and communications at Aon, and Bob Evans,
Director of Mobile Insurance Solutions, on understanding current trends of mobile
marketing.
- Jill Gaynor, assistant vice president of marketing strategy and execution at Zurich, on
how digital marketing has affected the use of traditional media.
- Jon C. Bidwell, chief innovation officer at Chubb & Son, on how to digitally manage
personal lines.
The conference will close with Jerry Gentemann, president and founder of Mobilize Worldwide,
who will share his insights and show numerous examples of how the insurance industry can
best use current technology. Gentemann has clients spanning the globe and created the first
augmented reality program (the next level of print and digital interaction) for Coca-Cola.
The Creative Forum is sponsored by The Main Street America Group. Those interested can
learn more or register at www.imcanet.com or by calling 206-219-9811.
About IMCA
The Insurance Marketing and Communications Association (IMCAsm) 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.
Connect and engage with IMCA on Facebook (www.facebook.com/Imcanet), LinkedIn
(www.linkd.in/w1bAE2) or Twitter (www.twitter.com/imcanet).
Philadelphia Insurance
Philadelphia Insurance Launches Executive Sponsor Program
Unique program puts Company executives a phone call away
Bala Cynwyd, PA, November 28, 2011 - Executives at Philadelphia Insurance Companies (PHLY) are picking up the phone to show the company’s commitment to exceeding customer service expectations. PHLY is taking this approach through a new and unique customer service program designed to strengthen relationships and provide unsurpassed customer service.
The Executive Sponsor Program (ESP) matches PHLY executives at a Vice President level or higher with two or more insurance agency executives or policyholders. The intent of the Program is to ultimately create greater retention and drive loyalty with PHLY’s key agents and policyholders.
The Executive Sponsor Program focuses on a dedicated relationship between executives to supplement the attention they consistently receive from PHLY Marketing representatives. This proactive contact will set the bar higher, creating increased value in the relationship each agency has with Philadelphia Insurance.
“For some, this is an opportunity for personal growth as company executives reach beyond their typical day-to-day responsibilities and develop an understanding of the significance each relationship can hold in the service experience,” comments Seth Hall, Vice President of Customer Service for PHLY. “For all, it is a reminder that our paychecks are made possible by these partnerships and the service we provide every day.”
Results from the first three months clearly qualify the Program as a differentiator. PHLY’s Northwest region directly attributes the relationship built within the Executive Sponsor Program as a key driver in obtaining a new account producing a six-figure premium.
According to Morgan West, Jr., President of the Property Casualty division of Seattle-based agency Kibble & Prentice, “The Executive Sponsor Program is another great service that makes it a pleasure to work with PHLY. I appreciate having the opportunity to provide feedback directly to PHLY’s leadership, and look forward to providing PHLY with solid information to continue moving forward together.”
32 PHLY executives are working with 63 agents and four policyholders in the Executive Sponsor Program. As the Program matures, PHLY expects this differentiating personal contact to become a model for all of its agent and policyholder interactions. PHLY’s commitment to service excellence is front and center on the company’s homepage of PHLY.com where is provides an avenue to give feedback to its CEO and lists its customer service results; highlighted by the fact that 97% of its policyholders would recommend PHLY.
“Our goal is to always exceed service expectations,” added Hall. “We’re committed to providing overwhelmingly positive service. It’s what helps separate PHLY from other insurance carriers and builds our mutually beneficial partnerships.”
About PHLY
Philadelphia Insurance Companies 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 AA- 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 (for in-depth financial information, please visit our website at www.phly.com). The organization has 46 offices strategically located across the United States to provide superior service.
Philadelphia Insurance Companies is the marketing name for the property casualty insurance operations of Philadelphia Consolidated Holding Corp., a Member of the Tokio Marine Group. 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. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. Non-insurance products and services may be provided by independent third parties.
SIAA Grows by 45 Agencies in October 2011
November 15, 2011 - Hampton, NH: The Strategic Insurance Agency Alliance (SIAA) announced 45 new member agencies in October.
Of October's signed members, 32 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. 282 have been announced in 2011 to date.
"October was a banner month for new member growth." 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.
October's new members include:
East:
Cosgrove General Insurance of Towson, MD
PA Insurance Center of Blakeslee, PA
HR Staley Agency of Binghamton, NY
RFG Insurance Agency of Yorktown Heights, NY
Spaulding & Leib Insurance Agency of Leicester, MA
Cynergy Captive Markets of Vineland, NJ
Jeffrey D. Chapman of Penfield, NY
The Genesis Insurance Group of Stroudsburg, PA
Midwest:
Kastyl Insurance Agency of Florence, WI
First American Financial Insurance Agency of Chillicothe, OH
Dan Herbrand Agency of Neillsville, WI
Strategic Business Alliance of Escanaba, MI
Independent Insurance Agency of Ohio of Cleveland, OH
Affordable Insurance Solutions of Madison, WI
Rick D Debe Insurance Agency of Mukwonago, WI
Mindie Freeman Insurance Agency of Westlake, OH
Gold Insurance Group of St. Louis, MO
Frontier Insurance Brokers of Algonquin, IL
Duet Insurance Group of Carpentersville, IL
O'Malley Martin Group of Olathe, KS
Angora Insurance Services of Chicago, IL
Rielly Insurance and Financial Services of Oskaloosa, IA
West:
Kasia Insurance Services of Sacramento, CA
Paul Bird Insurance Agency of Grand Junction, CO
Shadow Insurance of Missoula, MT
Intermountain Insurance Associates of Sandy, UT
Brian Grigg of La Mesa, CA
Southeast:
Bethlehem Insurance Group of Hickory, NC
SourceOne Insurors of Macon, GA
Carli Insurance Agency of Lake Mary, FL
Specialized Insurance Group of Rockwell, NC
Moore's Insurance Group of New Port Richey, FL
Dalton Insurance Agency of the Carolinas of Rosman, NC
Wilkinson Insurance Agency of Milledgeville, GA
The Hendricks Group Risk Management and Financial Services of Jacksonville, FL
Winchester Insurance Agency of Winchester, KY
South Central:
Humphreys Insurance Group of Tomball, TX
Pattillo Insurance Agency of Lancaster, TX
Tailor-Made Insurance of Bastrop, LA
Since it's inception in 1995, SIAA has signed over 3,800 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.
Target Markets Program Administrators Association
Research: Program Business Market Hits $17.5 Billion in Gross Written Premiums
Wilmington, DE-The Target Markets Program Administrators Association (TMPAA) released the report and results of its ground-breaking research to document the size, characteristics, growth and other base-line information about the program insurance market. The first-ever "The State of Program Business Study" was presented at the Association's 11th Annual Summit in Scottsdale, AZ.
Respondents to the survey reported that the program business continues to grow despite falling rate levels as a greater number of program administrators saw premiums rise in the past year. With program administrators seeing increasing value in placing specialized risks, survey respondents are optimistic about prospects for future growth.
The study pegged the program administration market at $17.5 billion in premiums. It is composed of about 750 program administrators and involves an estimated 1,750 individual programs.
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. Program Administration may include marketing, underwriting selection, binding, issuing, billing, premium collections, data gathering, claims management/ loss control and possibly risk sharing. Specialists distribute these Programs on a retail or wholesale basis.
Interestingly, program administrators and insurers are in sync when it comes to their view of the components crucial to establishing a successful program. On top of both group's list is underwriting profitability. Other key factors for the two groups are gross written premium, commission rate and growth rate.
The research study and survey was conducted by Advisen, the commercial insurance research and data analytics firm. The analysis included a survey of program administrators, carriers and managing general agents. Additional data and information was drawn from the Advisen databases of retail brokers, managing general agents and underwriters and wholesale brokers.
Argo Group International Holdings Ltd. is sponsoring the research effort. Argo Group, a carrier member of TMPAA, is an international underwriter of specialty insurance and reinsurance products in areas of the property and casualty markets. It operates niche insurance programs in the United States through its Commercial Specialty business segment.
Program Specialists / MGA's interested in learning more about the TMPAA can visit the Association website at www.targetmarkets.com , or contact Executive Director Ray Scotto at ray.scotto@targetmkts.com
A copy of the full report can be accessed on the TMPAA website at http://content.targetmkts.com/files/PB%20Study%20Results.pdf
For Media Inquiries contact:
Jack Roberts
New Street Group
jroberts@newstreetgroup.net
(610) 952-7313
Appalachian Underwriters, Inc. (AUI)
Appalachian Underwriters, Inc. (AUI) continues to expand, strengthen operations -completes acquisition of Executive Brokers Insurance Services
Oak Ridge, TN - Appalachian Underwriters, Inc., has obtained the assets of Executive Brokers Insurance Services -- a wholesale broker based in St. Peters, MO. The acquisition was effective October 3, 2011.
"The expansion for AUI with an office in Missouri will help with client penetration in the Midwest states. We look forward to working with Rhonda and the staff from Executive Brokers and are excited about the opportunity to service new agents," said Bob Arowood, President of Appalachian Underwriters.
Executive Brokers Insurance Services operated as a full service Managing General Agent and Surplus Lines Broker licensed in Illinois, Indiana, Kansas, Missouri and Wisconsin. Office doors of the St. Peters office will remain open, becoming an official AUI satellite office with all former Executive Brokers staff still in place. With the acquisition, AUI strengthens its operations by adding a staff with years of underwriting and customer service experience. Adding an office to in Missouri will increase the availability and efficiency for agents directly appointed with AUI.
"We are very excited with the opportunity to become a satellite office for AUI. Becoming part of this company will allow us to continue to provide exceptional service to the Midwest region, backed with the strength and commitment of AUI," said Rhonda Henze, Vice President of Executive Brokers Insurance Services.
Agents previously appointed with Executive Brokers Insurance Services can be assured that AUI is ready, willing and able to meet the service needs for all business written prior to the acquisition. While business and renewals will continue to be marketed as placed, agents will have the opportunity to remarket as needed through AUI's extensive markets, programs and expertise.
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.
Crump Insurance Services
Crump Seattle Expands Professional and Specialty Lines Expertise Valerie
Surprenant adds brokerage and underwriting experience to sophisticated team
Seattle, WA - September 30, 2011. Valerie Surprenant has joined the production team in the Crump Seattle office as Vice President - Broker for Financial Services. Ms. Surprenant brings 19 years of experience in both underwriting and brokering business for financial and professional liability risks. She offers extensive expertise and insight to Crump Insurance Services and will help continue to build the professional lines department in the Seattle office.
Ms. Surprenant's responsibilities will include developing programs for a variety of clients in the area of Directors & Officers Liability, Errors & Omissions, Network Security / Privacy Liability, Employment Practices Liability and other miscellaneous coverages. She may be reached at 425.488.5054 or via email at Valerie.Surprenant@crumpins.com.
"Valerie is a wonderful addition to our team and I am glad to be growing our professional business in the Northwest," says Garrett Koehn, President Northwestern U.S. "Her industry knowledge and experience as a broker will help continue to expand our retail and carrier relationships in the financial and professional lines."
Ms. Surprenant previously worked with CNA Specialty as an E&O underwriter. Prior to CNA, she worked as a Client Advisor in the FINPRO department of Marsh, Inc.
Additional information on these companies is available at www.crumpins.com.
NAS Insurance
NAS LAUNCHES NEW ENTERTAINMENT AND SPORTS DIVISION
Encino, CA - NAS Insurance Services launches new Entertainment and Sports Division
NAS Insurance appoints Jerid Schmickle as Senior Vice President of its newly launched Entertainment and Sports Division. He will spearhead the facility targeting risks within the Entertainment, Hospitality, Media and Sports industries. Jerid joins NAS from Allianz/Fireman's Fund where he was a Director of Underwriting. He has created numerous profitable programs throughout his career, while underwriting unique and unusual risks. NAS will be announcing new product launches in the near future.
Contact: Richard Robin (818) 808-4477
Ryan Specialty Group, LLC
Ryan Specialty Group, LLC Completes Acquisition of Specialist Lloyd's Insurer Jubilee Group Holdings Limited
September 23, 2011, Chicago, IL - Ryan Specialty Group, LLC (RSG) announced today that it has completed the acquisition of specialist Lloyd's insurer Jubilee Group Holdings Limited (Jubilee). Jubilee currently operates two active Syndicates at Lloyd's, a managing agency and specialist underwriting distribution and insurance service businesses.
RSG also announced a number of new Board and key executive appointments. Max Taylor, a former Chairman of Lloyd's of London and Deputy Chairman of Aon UK, has accepted the role as Non-Executive Chairman of Jubilee's Board. Johnny Rowell, Managing Director of Ryan Specialty Europe Limited, joins the Board and has been appointed Chief Executive. Miles Wuller joins the board as Chief Financial Officer. Jonathan Matthews, previously Chief Risk Officer of Liberty Syndicate Management Limited, has joined the Board and been appointed Chief Operating Officer. Malcolm McCaig, formerly a big four audit partner, has joined the Board as an Independent Non-Executive Director.
Patrick G. Ryan, Chairman and CEO of RSG, said, "Completing the Jubilee acquisition represents a significant development in the marketplace, and we are pleased to be part of this major event. Lloyd's and the London market are firmly established as global leaders in the specialty markets. We believe there is a real opportunity in the specialty markets and Jubilee's existing platform focuses on specialty insurance - specialties that we know. This acquisition will allow us to introduce and support new products and programs in global markets in a meaningful way. Jubilee's presence within Lloyd's uniquely enhances the execution of our overall strategy of offering and delivering preeminent providers of specialty products and services to the insurers, brokers and agents we serve."
Johnny Rowell notes, "The Jubilee platform provides an excellent foundation for developing a world class risk-bearing organization. We look forward to building on our long-standing ties in the Lloyd's community to enhance market access to brokers and agents seeking specialty product offerings."
Max Taylor adds, "I am delighted to have been asked to Chair the Board and to work with Pat Ryan again and the outstanding Jubilee team."
For more information on this release, contact: Chelsey Krull, (312)-784-6043, ckrull@ryansg.com.; Johnny Rowell, 011 44 207 444 4079, jrowell@ryansg.com or Johnny@ryansel.com
SIAA (Strategic Insurance Agency Alliance)
Assure Alliance Signs 100th Member Agency
Hampton, NH:- SIAA, Inc. - the largest Alliance of Independent Property & Casualty Insurance Agencies in the country - is proud to announce that Master Agency partner Assure Alliance of Spartanburg, South Carolina has signed its 100th Member Agency, adding to the national total that currently exceeds3800 signed members.
"We are proud to welcome Taylors Insurance Agency of Taylors, SC as the newest Independent Strategic Member of our Alliance," announced Assure AllianceOwner and CEO, Ben Taylor. "As a newly created independent agency, they stand to benefit from access to our strategic partners, as well our 58 years of experience in agency operations, 10 as an SIAA Certified Master Agency."
According to SIAA Chairman & CEO Jim Masiello, "With the signing of Taylors Insurance Agency, Assure Alliance has reached a significant milestone for which member Master Agencies across the country strive. On a national level, over 290 new members have been signed in 2011 to this point. 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."
Assure Alliance has been a partner Master Agency of SIAA since 2001. With territory covering South Carolina and Georgia, they are the largest independent agency group in the area.
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.
Vantage Agora
Vantage Agora Expands with New Partnership
Shawn Young Announced as Regional VP of Sales
CLEVELAND, OH - Vantage Agora, a global provider of back-office support services and custom IT solutions, today announced that it will be expanding its service area by adding Shawn Young as the new Regional VP of Sales.
Vantage Agora is expanding its services and products to insurance companies in the North East and Mid-Atlantic regions that want to streamline their business and improve their profitability.
"We are looking forward to this new partnership with Shawn. He is very skilled in working with clients and efficient in his recommendations. He is a great addition to the Vantage Agora team and will lead us into many new ventures with businesses in the New York, North East and Mid-Atlantic regions," said Sudhir Achar, CEO for Vantage Agora.
For over 20 years, Shawn Young has been offering insurance advice to companies and individuals, working with people from local businesses up to large conglomerates. He has a proven record of developing and implementing client-focused programs in niche commercial markets and analyzing the needs of high-risk customers with complex and challenging requirements.
"I am very impressed with the passion for excellence from the leadership team at Vantage Agora. The company has the right products for the right time in this market," commented Shawn Young.
"There will be tremendous expense pressure in any business, what I am focusing on is how to help companies make the best use of its resources without giving up any control - Vantage Agora is a win-win for any size company," Young added.
Visit Vantage Agora online (www.vantageagora.com) for more details about its services.
AIC Holdings
AIC Holdings appoints Robert G. Purdy
as president and CEO of AIC Underwriters
Oak Ridge, TN - AIC Holdings announces the appointment of Robert G. Purdy to the position of president and CEO of AIC Underwriters, based in Philadelphia, PA. Mr. Purdy will be responsible for leading the underwriting, marketing and operations strategies for the AIC Underwriters' middle market workers' compensations business, including the specialty market of temporary staffing.
The principals of AIC Holdings, Bill and Bob Arowood, are excited to welcome Robert Purdy as the leader of this newly formed company. "Robert's proven leadership, strategic vision and extensive experience in the workers' compensation and middle market arena will be invaluable to the continued growth and development of this key market segment," says Bill Arowood.
With more than 26 years of experience in the insurance arena, Robert joins AIC Holdings from AmTrust Financial. Prior to joining AmTrust, he led the ACE Limited Workers' Compensation for ACE Complete, the online workers' compensation web product and middle market. Previous to ACE, he led the American International Group (AIG) Specialty Workers' Compensation Division. During his twelve years with AIG, Robert held various senior management positions including overall responsibility for the e-wC, Middle Market, Assigned Risk and USL&H segments. Prior to AIG, he spent 14 years with CIGNA Property & Casualty holding a succession of senior-level positions.
Robert has been a member of the Governing Board of the California, Delaware, New York, North Carolina and Pennsylvania Rating Bureaus. Additionally, he served on the Governing Board of the California Workers' Compensation Institute (CWCI). Robert currently serves on the board of directors of the American Society of Workers' Compensation Professional, Inc. (AMCOMP) and was a member of the American Staffing Association Advisory Board. He is a past member of the selection committee for Florida CHOICE Awards® for workers' compensation, presented by Choice Medical Management Services, LLC and serves on the board of trustees for Caldwell College in New Jersey. He is a frequent speaker at insurance industry conferences and has published numerous articles in industry trade publications.
Robert may be contacted at Robert.Purdy@aicunderwriters.com.
AIC Holdings is a multi-faceted group of insurance companies including Accident Insurance Company, Madison Insurance Company, US Administrator Claims and the newly formed AIC Underwriters. AIC Holdings is affiliated with the company Appalachian Underwriters, Inc.
For more information, please visit www.aicunderwriters.com.
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