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Special Section Sponsored by Target Markets Program Administrators Association New Empire Group, Ltd. Commercial umbrella programs for the real estate industry New Empire Group, Ltd., is a state-of-the-art program manager specializing in high limit commercial umbrellas for the real estate industry. The company began insuring solely cooperatives and condominiums in the New York City metropolitan area in 2002 and has expanded its programs into a total of 40 states. It services the needs of approximately 1,500 insurance agents and brokers nationally. New Empire offers a variety of commercial umbrella programs that feature higher limits and lower premiums for a multitude of different exposures. Headquartered in Long Beach, New York—and with a New York City branch office in Manhattan—New Empire provides a combination of exceptional pricing and fast turnaround on quotes/binders for its commercial umbrella programs. Coverage is provided for limits of $5 million, with options for $10 million, $15 million, $25 million, $50 million, and $100 million. New Empire Group has unique programs that provide umbrella coverage for a variety of real estate risks. Two are for: One program was designed for large and mid-size risks. The other program is unique in that it focuses on small real estate risks and offers low and no minimum premiums for coverage. Other umbrella programs are written for the following classes: Robert E. Mackoul, CLU, New Empire’s chief executive officer, welcomes inquiries about the company. “We are anxious to demonstrate our great program coverages, spectacular service and exceptional pricing,” he tells agency and brokerage officials. “Our programs are written through many of the insurance industry’s most trusted carriers—companies such as Chubb, Zurich, Navigators, St. Paul Travelers.” Mackoul added, “New Empire Group recognized the exposure of real estate owners to environmental exposures from oil leaks into the soil from both above and below ground storage tanks.” As a result, in 2005 New Empire created a separate pollution program for its brokers to address this vital need. Underwritten by the AIG Companies, this program is available in all 40 states where New Empire Group writes its umbrellas. “Our broker clients know that they can count on our pricing, service, and our ability to create business solutions quickly and efficiently for them,” says James O’Neill, vice president of marketing, whose insurance and risk management career covers 25 years. “We’re working on a feature to allow our brokers to actually rate their risks online at our Web site. This will be a tremendous feature for brokers to hasten an already incredibly fast underwriting process.” Other New Empire Group, Ltd., management includes Deborah K. Mackoul, the firm’s president and chief financial officer, and a third family member, Robert G. Mackoul, who is the chief underwriting officer. New Empire Group management is particularly sensitive to brokers’ needs. All the principals worked in the retail agency side for many years. “We know that brokers require quality product and immediate service, and that is our goal always,” said Robert E. Mackoul. At the New Empire Group, the company’s mission statement is always on display. “We strive to build long-term relationships by recommending companies and products with the highest degree of integrity while, at the same time, providing the exceptional service that our clients, the retail insurance brokers, expect and deserve” → The New Empire Group, Ltd. |
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