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New Products: For the period ending September 3, 2008

Publicatio 09/03/2008 n Date: Source: Advisen New Products Announcement contains short descriptions of new commercial insurance products or services. This edition of NPA contains details on 20 offerings from AIG, Allianz, Colemont, Endurance, Fireman's Fund, Hartford Financial Products, Hartford Steam Boiler, Irwin Siegel, Lexington, Liberty International, Marsh, Program Brokerage Corporation, RLI, Swett & Crawford, Swiss Re, Travelers, Willis, XL, and Zurich. To contribute content that is seen by thousands of Front Page News readers, send an e-mail to [email protected] with NPA in the subject line. This is no charge to post items here.

AIG Global Increases Capacity for Political Risk and Trade Credit Insurance AIG Global Trade & Political Risk Insurance Company announced it has increased capacity to support political risk insurance (PRI) policies with limits up to $120 million per risk, from $100 million per risk. It also increased per buyer capacity in support of trade credit insurance (TCI) policies to $95 million from $75 million, and its equivalent in Sterling, Euro or Yen. "Globalized trade and investment flows have resulted in a trend toward larger transactions and diversified risk exposures in a number of currencies," said John Salinger, President, AIG Global. "By responding to their needs, AIG Global is again demonstrating its commitment to remaining at the forefront of meeting our customers' ever more complex coverage requirements."

The new limits are applicable for all classes of PRI. AIG Global's PRI covers a range of political perils that can affect foreign direct investments and assets, project finance, export or import transactions, or cross-border financings to private or sovereign borrowers--whether for working capital, trade related or capital market borrowings. Onshore and local currency risk exposures in emerging countries may also be covered. The higher limits are available for committed, non-cancelable policy periods of up to 15 years, subject to AIG Global's normal underwriting criteria. TCI covers both export and domestic credit risks. For further information, visit www.aig.com/PRI, or www.aig.com/TCI. Allianz creates world's leading marine insurance provider Allianz Global Corporate & Specialty, the industrial insurance arm of the Allianz Group, and Fireman's Fund Insurance Company, an Allianz general insurance unit in the United States, are combining their marine insurance businesses under the AGCS brand, confirming Allianz as the largest marine insurer in the world. The AGCS marine business has underwriting hubs in all the key global marine centers including New York, Toronto, Paris, Hamburg, London and Singapore and is already one of the largest in the world in terms of capacity. Mike LaRocco, Fireman's Fund President and Chief Executive Officer, commented: "This move lets us concentrate on the domestic personal and commercial markets, where we see the most potential for profitable growth." With an unusually broad client base, the AGCS marine account covers the full spectrum of marine business - from ocean-going 'blue-water' vessels and international cargo shipments to private yachts, coastal and river craft as well as related services such as freight forwarders and logistics specialists. This account is not only diversified by risk type, but also covers a worldwide operational range. In addition, AGCS's services extend beyond traditional marine insurance: the company offers specialist marine risk

consultancy services, offering clients technical support for risk reduction 'in the field'. With an increased demand for international shipping, and over 90 percent of worldwide trade carried out by sea, marine insurance plays a key role in underpinning international trade. From 1990 to 2006, seaborne cargo tonnage increased by 85 percent. The proposed merger of the portfolios is subject to regulatory approval. For further information, visit www.alllianz.com Colemont Introduces New Exclusive Contractor's SelectTM Work Comp Program for Construction, in Partnership with Employers Direct Insurance Company Colemont Insurance Brokers is pleased to introduce Contractor's Select, a new exclusive workers' compensation program designed for construction risks. This new exclusive program is underwritten by Employers Direct Insurance Company (EDIC) and marks the first time EDIC is offering its products through a wholesale brokerage. "Contractor's Select is truly one of the premier workers' compensation construction programs in the industry", says Blake Baker, Colemont's Workers' Compensation Program Director. "We've combined Colemont's construction expertise and agent relationships with EDIC's competitive product and outstanding claims and loss control services. The result gives unique program access to California insurance agents and offers a first class product and service to their clients." Colemont will be offering Contractor's Select to preferred Colemont-appointed retail agents and will be the sole access point and underwriter of this new program. For further information, contact Blake Baker at 818.710.3650 or email at [email protected] Hartford Steam Boiler's Data Compromise Coverage

Hartford Steam Boiler's Data Compromise coverage is designed to help commercial accounts respond to the financial burden and service obligations of a data breach. Businesses and institutions have a responsibility to safeguard the data of clients, employees and others. Yet data can be compromised in many ways; it can be physically stolen, electronically "hacked" or even lost through an accidental or inadvertent release. In today's environment, a business that experiences a data breach needs to protect itself from both the cost of the response and the risk to its own reputation. The business must be able to notify all parties that were affected by the breach, effectively communicate the scope of the possible damage, and provide credit monitoring assistance and identity restoration case management to those affected by the breach. HSB's Data Compromise offering covers these costs and service components. Data Compromise coverage is available through select HSB partner insurers. For further information, visit www.hsb.com.

Endurance Expands UK Specialty Product Offerings Global insurer Endurance, a specialty provider of property and casualty insurance and reinsurance, has diversified its offerings to clients and brokers in the UK, introducing new lines of business that compliment its established individual property insurance book. The first phase of this new diversification strategy was the launch of a specialist broker only UK construction team to provide insurance coverage for construction projects with contract values in the medium to large range. Endurance's new product team will work with both national and regional brokers to target clients within the construction and engineering sectors, such as Private Finance Initiative (PFIs), property developers, specialist contractors, power generation and utilities. The new

product team will have the capacity and expertise to provide specialist cover for contractors all risks, erection all risks, machinery breakdown, business interruption and on site casualty perils. Coverage will be available for risks located in UK, Europe and the rest of the world. Based at its London office, the underwriting, claims and risk management elements of the UK construction insurance team will work collaboratively to enable Endurance to respond quickly when making underwriting decisions and handling claims. Key underwriters will also travel extensively to give access for brokers and clients providing in-depth views of the risks being placed. Brokers and their clients will benefit from the expertise and quality of service delivered by Endurance's new multi-discipline specialist team of underwriters, claims and risk engineers. For further information, contact Ian Barrett at 020 7623 2368, or email [email protected], or visit www.endurance.bm. Fireman's Fund Offers Unique Coverage to Protect Innkeepers' Personal Interests, Assets, Income and Reputation Recognizing that innkeepers need broad protection and flexible limits, Firemans Fund Insurance Company is now offering the Innkeepers Extension Endorsement which combines 32 options in a single package for small inns. These coverages have been bundled together to make it easier for innkeepers to do business and reduce the potential for gaps in coverage. The policy includes coverage for: Medical payments for personal guests of the innkeeper Personal effects of the innkeeper within the residence and outside the inn Loss of use of the residence premises due to a covered loss Interim innkeepers or designated individuals who take over the inn while the owner/manager is on vacation

The innkeepers endorsement goes beyond traditional hospitality coverage to provide solutions for nearly every aspect of an inns operations, including options for crisis management to protect its reputation, data compromise to protect the security of its sensitive information, and business access to protect its cash flow. Green building coverage and historic property valuation for small inns that have special requirements are also available. "This package of coverages is sized and priced correctly and eliminates the need to go to a specialty market," said John Braschi, product director for hospitality at Fireman's Fund. For further information, contact Janet Ruiz at 415-8995381, or email at [email protected], or visit www.ffic.com. Hartford Introduces New Cyber Liability Insurance to Protect Against Cyber Risk--An Unseen Network Liability Hartford Financial Products, an underwriting unit of The Hartford Financial Services Group, Inc. has developed a new liability product, CyberChoice 2.0 that provides businesses with a robust, technology-related insurance policy that goes beyond traditional business insurance. Information sharing among Internet users via web-based communities such as social-networking sites has today become a real liability threat for many organizations, businesses and universities around the country. In fact, according to Trend Micro, an Internet content security firm, there has been a dramatic increase in web threat activity during the first half of 2008, with web threats peaking in March at 50 million, from approximately 15 million in December 2007. CyberChoice 2.0 includes both errors and omissions and first-party coverage designed to help meet the needs of todays traditional companies that recognize their technology exposure and information risks. Companies and/or organizations with personally identifiable information (PII) include: Healthcare Financial Services

Retail Manufacturing Education Legal Media Miscellaneous companies such as data processors, application service providers and e-commerce companies that have an increased Cyber exposure. "Cyber risk is an unavoidable, but very real, part of the internet economy that has created new liabilities and business exposures," says Drew Bartkiewicz, vice president of Cyber and New Media Risk at The Hartford. "This is the most dynamic area of the economy, and the most legally uncertain in terms of doing business." Key features of The Hartford's new CyberChoice 2.0 product include: Third-party coverage for data privacy and network security liability; Internet and electronic media liability; and professional services liability. First-party business interruption coverage in the event of a network security breach. First-party cyber extortion coverage for threats against data and identity theft. Intellectual property coverage for advertising and technology products. Reimbursement for expenses related to responding to a major privacy event. Some examples include notification of affected parties, costs for managing the crisis, data privacy regulatory fines, cost associated with credit monitoring, and investigation of the event by outside experts. "In the last decade alone, personal data has become a valued company asset for businesses in the U.S. and abroad," says Bartkiewicz. "With companies doubling their data volume every year and new regulations on the horizon, experts predict that the problem of data risk will continue to threaten businesses and that the likelihood that a company and/or organization will experience a data breach will increase exponentially." For further information, contact Patricia Fitzgerald at (212) 277-0457, or visit www.hfpinsurance.com.

Irwin Siegel Agency Fills the Coverage Gaps in Social Service Programs Irwin Siegel Agency has built-in new coverage options to provide additional protection and fill gaps that Social Service organizations face in their current insurance policies. These additional coverage enhancements include Environmental and Commercial Pollution, Volunteer Accident and HIPAA Protection. These options are available to both ISA insured and non-insured organizations. Environmental Coverage offers protection for Claims resulting from Pollution Conditions both at the insured location and during transportation and covered operations conducted away from the named insured's premises. This policy helps close the gaps that may occur with multiple insurance policies, premiums and deductibles by insuring facilities, disposal sites, transportation and covered operations under one policy. Volunteer Accident Coverage complements an organization's general insurance policy. Since claims are paid under an accident medical program, these claims may not affect the organization's General Liability, Workers' Compensation or other general insurance policies. Also, it helps to fill gaps in personal insurance while making volunteers feel more secure. Volunteers can receive a benefit to help ease the financial impact of a covered accidental injury. HIPAA Protector and Medefense protect an organization regarding current rules restricting use of patient information. These restrictions have created a new patient privacy regulation exposure for physicians, medical groups, hospitals and other healthcare and non-healthcare related entities. This coverage provides for defense costs and civil fines and penalties levied by governmental agencies resulting from violations of HIPAA. Irwin Siegel Agency, Inc. offers innovative and competitive insurance solutions for provider agencies within the social service, developmental disabilities, addiction treatment, nonprofit and mental healthcare fields. ISA programs are available exclusively through independent agents and brokers.

For further information, visit www.siegelagency.com Irwin Siegel Agency, Inc. Offers New Program for Para-Transit and Rural Transportation Providers Irwin Siegel Agency, Inc. (ISA), a leading specialty underwriter of insurance package programs for the Social Services field, announced the addition of a new program focused on Para-Transit and Rural Transportation. Written through member companies of AIG, an A+ rated carrier and administered by ISA, for independent agents and brokers with clients in the Transportation field. ISA Transportation Program Highlights Include: Comprehensive Package includes General Liability, Auto, and Umbrella Abuse coverage available Garage Liability available For-Profit and Not-For-Profit agencies are eligible Limited capacity for emergency services vehicles in conjunction with Para-Transit services Employees as insureds endorsement Hired Car physical damage up to $50,000 Extensive Fleet and Driver Risk Management services available No Driver exclusions - (drivers must meet underwriting guidelines) Available in all states except: AL, MS, WV, LA For further information, visit www.siegelagency.com Lexington Insurance Company Introduces Lex P-3 Solutions Insurance to Cover Construction and Liability Risks Faced by Public-Private Partnerships Lexington Insurance Company, a unit of AIG Commercial Insurance, today announced Lex P-3 SolutionsSM, tailored risk management and insurance products that respond to risks associated with public private partnerships throughout the life of the partnership. Public private partnerships allow private capital to be invested in public

construction projects in return for future income after construction during the operational phase. Lex P-3 Solutions covers the risks unique to public private partnerships. The coverage addresses risks starting with the design and construction phase and continues through the operational phase of a project and can include professional liability, general liability, excess liability and builders' risk during construction. Upon completion of the project, Lex P-3 Solutions can provide property insurance and operational general liability during the ownership and maintenance phase. All of the P-3 Solutions coverages are available on a stand-alone basis or on a combined policy form. "Infrastructure, including many roads, bridges, tunnels, water, power utilities, airports and rail/light rail, are either in disrepair or in need of serious upgrades to meet today's needs in America. Unfortunately, current government funding sources fall far short of this need. A significant portion of the funding gap will likely be filled by public private partnerships," said Kevin Kelley, Chairman and CEO, Lexington Insurance Company. "We created P-3 Solutions to cover the risks unique to public private partnerships." Lex P-3 Solutions builds upon Lexington's history in the construction and property markets and leverages an experienced team of underwriting, risk management, claims and legal counsel to facilitate a quality and efficient insurance program. Lex P-3 Solutions is available in all 50 States except New York. For further information, contact Tom Grandmaison (617) 345-4130 or email [email protected], or Bob Rogers at (617) 330-8564 or email [email protected], or visit www.aig.com. Liberty International Underwriters Creates Directors and Officers Insurance Policy That Protects Against Global Warming Litigation While many Directors and Officers (D&O) policies cover pollution claims, most of these policies do not specifically reference global warming. With a number of lower court

cases already pending on greenhouse gas emissions, Liberty International Underwriters has created Private Advantage Company Combo policy. D&Os need management liability insurance that also includes enhanced pollution liability protection. To help eliminate much of the uncertainty around global warming exposures, Liberty International Underwriters, a part of Liberty Mutual Group, has created Private Advantage Company Combo policy. LIU's Private Advantage Company Combo policy offers broad private company management coverage for D&O, employment practices liability, fiduciary, pollution defense and standard ISO crime fidelity. The policy includes many of the coverage enhancements most requested by brokers such as an assured quote for future public offerings and third-party employment practices liability coverage via endorsement. Designed as a modular policy, brokers can configure Private Advantage's coverage options into a wide variety of coverage combinations. The policy allows clients to start with a basic D&O policy and then add to it the coverage enhancements that best suit their exposure. For example, the Combo policy can provide pollution claim protection such as: Side A pollution derivative suit coverage; Pollution defense costs coverage, inclusive of entity coverage and global warming protection; Private placement protection including defense costs coverage for global-warming related misrepresentations; and Defense cost coverage associated with formal administrative or regulatory investigative proceedings against insured persons with respect to global warming. "We saw this coverage gap and created a policy to help protect executives from this new wave of litigation stemming from the alleged improper release of carbon dioxide and other greenhouse gases." said Carl Pursiano, senior vice president of LIU's U.S. management liability operations.

For further information, contact Alton Moore or email [email protected], or visit www.libertyiu.com. Marsh launches supply chain program Marsh Inc. has launched a product to help risk managers manage the financial consequences of a disruption to their supply chain. The program, Global Supply Secure, has been developed in conjunction with Lexington Insurance Co., a unit of American International Group Inc. It was launched in the United States Monday and will be rolled out in Europe shortly. When buying the coverage, companies will be given a supply-chain risk assessment from Marsh's risk consulting practice. The program is designed to protect companies that rely on critical supplies of raw goods and materials, and will cover companies for disruption caused by a wide range of perils, including strikes, political risks or pandemics, explained Katherine Kanaga, leader of Marsh's global property practice in Europe, the Middle East and Africa. The insurance industry is beginning to take note of the critical and growing risks that clients have in their supply chains, she said. For further information, visit www.marsh.com. Program Brokerage Corporation Introduces Comprehensive New Environmental Insurance Program for Healthcare Facilities The Environmental Division of Program Brokerage Corporation (PBC), a leading wholesale brokerage based in New York, has officially introduced the first Environmental Insurance Program specifically designed for nursing homes and other eldercare facilities, such as assisted living and adult day care centers. This new program, exclusive to PBC, was created to assist these facilities manage their risk and claims against environmental hazards. The Program

provides coverage for cleanup of pollution at eldercare facilities, and protection against bodily injury claims and lawsuits caused by environmental incidents such as mold, biological and viral contamination. The Program also includes coverage for lost revenue and extra expenses resulting from pollution incidents. The program is available in all fifty states. "Most eldercare facilities often fail to have any coverage in force for pollution because their owners simply do not understand that claims resulting from legionella outbreaks, mold contamination, fumes from cleaning products and pesticides or any number of similar incidents are not covered by standard insurance policies," said John Butler, Vice President, Program Brokerage Corporation. "This program fills that gap with comprehensive and affordable coverage." For further information, contact John Butler, Vice President, at 212-338-2941 or email at [email protected] or email [email protected] RLI Transportation offers para-transit service program RLI Transportation, a specialty insurance company, has announced that it now offers an array of coverages for paratransit service programs' non-emergency vehicles. According to the company, the coverages target public transit agencies, not-for-profit corporations, and for-profit private companies whose vehicles provide assistance to people with varying degrees of specialized transportation needs. The para-transit program's coverages include: commercial auto liability, physical damage, general liability, hired/non-owned and excess up to $5 million in limits. The program's minimum fleet vehicle requirement is 25 power units in all states of the US except New York, New Jersey and Connecticut where 40 or more units are required. All producers must be appointed with RLI Transportation. Tim Hathy, assistant vice president of RLI Transportation, said: "We are responding to the growing need for this type of specialized risk; as our population ages, our society's

transportation needs are changing. RLI Transportation's niche focus allows us to competitively write these risks that most transportation insurers shy away from because of their complexity." For further information, visit www.rli.com. Swett & Crawford Announces Hospital Threat and Child Abduction Coverage Swett & Crawford has announced the availability of Hospital Threat and Abduction Coverage. Coverage is available for a broad range of potential incidents to which these institutions are vulnerable. They include abduction of an infant or child; threats of violence against staff, management or volunteers; threats of damage to the facility's property; a range of extortion threats, including those to reveal proprietary data, kill or injure patients or personnel, damage property, contaminate medical supplies or disrupt computer operations; hijacking of ambulances or other vehicles; unlawful detention of patients or staff; and kidnap for ransom of directors, officers, employees or patients being treated on the premises. Covered losses may include legal liability, loss of revenue, fees and expenses of Control Risks (professional security consultants deployed worldwide within 24 hours), costs of additional security, ransom payments, and death or dismemberment benefits. Additional expenses that may be covered include costs of travel and accommodations, medical and psychiatric care, reward monies, legal counsel, salaries of victims, cost of replacement personnel, rest and rehabilitation, and interest on loans raised to meet demands. Many hospitals and healthcare facilities already expend a great deal of effort to guard against such events, including the extensive security precautions necessary in their 24/7 environment, but those precautions may not be adequate to forestall a premeditated and well-planned act of violence. "In addition, this Hospital Threat and Child Abduction Coverage includes proactive preventive counsel from industry experts to reinforce the organization's reputation in the community along with incident management advice,"

said Jason White, Leader of the Swett & Crawford Professional Services Practice Group. For further information, contact Jason White at [email protected].com or Jennifer Pinto at [email protected], or visit www.swett.com. Swiss Re's Commercial Insurance Offers Insurance Agency Umbrella E&O Coverage throughout the United States Swiss Re's Commercial Insurance group today announced the introduction of Errors and Omissions (E&O) agency umbrella coverage in all 50 states and the District of Columbia. The insurance policy offering was developed in conjunction with the Independent Insurance Agents & Brokers of America to meet the needs of the insurance agent marketplace. The coverage is expected to be available across the US contingent on filing approval from each department of insurance. The Agency Umbrella policy offers broad coverage over primary lines, including professional liability, with a maximum limit of up to $10 million. The program is underwritten by Westport Insurance, is rated "A+" by A.M. Best and has a 34-year history of underwriting professional liability. Swiss Re can write the umbrella over its own errors and omissions (E&O) coverage, or most other carrier's primary E&O coverage except in California. The Swiss Re E&O policies can provide excess coverage over primary E&O, commercial auto, comprehensive general liability and employer's liability coverages. That means Swiss Re primary policies can be packaged together to provide up to $20 million in E&O protection. An extended reporting period of up to 10 years is available, depending on the primary E&O carrier. Sabrena Sally, senior vice president and underwriting leader for commercial insurance at Swiss Re, said: "The Agency Umbrella E&O policy offered by Swiss Re allows agents to protect themselves with an umbrella coverage without excluding their errors and omissions exposure."

Interested agents should contact their state E&O administrator for details on coverage available in their state. For further information, visit www.swissre.com. Swiss Re's Commercial Insurance Launches Medical Travel Insurance Offering Swiss Re's Commercial Insurance announced today they now recognize medical travel coverage as part of their existing stop loss offering. Employer stop loss is available in all 50 states and the District of Columbia, through Westport Insurance Corp., a member of the Swiss Re Group, which underwrites the company's stop loss products. "By recognizing medical travel coverage offered by our selffunded stop-loss employer client base, we facilitate the availability of top-quality health care at more affordable levels than is possible in the U.S.," said Matt Leming, Vice President and Sales Leader within Swiss Re's Commercial Insurance division. A dramatically growing number of uninsured and underinsured U.S. patients are traveling to countries with high-quality hospitals and staffs that offer services at costs often significantly lower than those available in the U.S. Heart by-pass surgeries by highly trained surgeons in India may cost only $10,000 as opposed to $130,000 in the U.S Similarly, high quality hip replacements, and other major medical procedures can also cost far less in selected countries overseas than in the U.S. Swiss Re has selected WorldMed Assist as the third-party medical logistics provider to manage its medical travel option. "This is another opportunity to fulfill our mission of improving lives by helping patients receive high quality medical treatment at international facilities at affordable prices," said WorldMed Assist CEO Wouter Hoeberechts. "This agreement is new to the US marketplace. Swiss Re will be the first carrier to recognize medical travel coverage on a national basis". WorldMed Assist, as Swiss Re's medical logistics provider, will ensure that strict standards for the level of care offered

by the medical staff, the hospital, clinic and any recuperative care facilities are followed. Selected medical facilities will have to meet the criteria of the Joint Commission International (JCI) and/or an equivalent accreditation. Coverage will be coordinated with the employer's primary policy and with the patient's primary physician in the U.S. For more information about Employer Stop Loss or to be directed to a licensed agent, contact Swiss Re at 1-866-2660902. www.worldmedassist.com Travelers Wrap+® Management Liability Coverage Is the Prescription for Health Care Organizations New Wrap+® policy responds to health care industry's changing needs and exposures The health care industry continues to face new and increased demands and pressures from shareholders, competitors, customers and government entities making claims against directors, officers and trustees. These pressures, coupled with an increasing number of employment-related lawsuits make it imperative for health care organizations to protect their assets and the best interests of their management teams. Travelers Bond & Financial Products has responded with its launch of Wrap+ for Health Care Organizations for new and existing health care customers. "As health care organizations face more litigation than ever, it is essential they establish a comprehensive and effective insurance plan with flexible options to protect themselves, while gaining confidence and peace of mind that support is available when and if it is needed," said Eric Kachel, vice president of Travelers Bond & Financial Products Program Group. "Travelers Wrap+ for Health Care Organizations is the prescription for the health care industry's management liability needs." Modular by design, flexible in practice and robust in scope, Wrap+ for Health Care Organizations tailors directors and officers liability and employment practices liability coverage modules, with features unique to the health care industry, to the smallest health care practice or the largest hospital system.

Managed and administered by G.J. Sullivan Co., Wrap+ for Health Care Organizations offers comprehensive coverage options within the form with limits up to $25 million subject to underwriting guidelines, and is available in most states. Elements of this coverage include: An option to select an additional defense Limit of Liability that responds first to preserve the base Limit of Liability; Spousal Coverage that includes domestic partners; Automatic coverage provided for majority-owned subsidiaries formed or acquired during the policy period when their assets are less than 25 percent of the total assets of the insured organization; Defense expense coverage for foreign parent corporations for their vicarious liability when named jointly in a lawsuit with a Travelers Insured, as long as the corporation and Travelers Insured use the same legal counsel to defend them. A defense option to select duty to defend or reimbursement coverage at policy inception; and much more. Organizations that take advantage of the new Wrap+ for Health Care Organizations can also access other Wrap+ coverages including fiduciary liability, crime, kidnap & ransom and identity fraud expense reimbursement coverage. Wrap+ for Health Care Organizations is offered to qualifying organizations that provide direct medical services to patients such as hospitals and health systems, clinics and physician groups, hospice and home health care centers, behavioral and mental health facilities and more. For further information, visit www.travelers.com. Willis Launches North American Yacht Practice, Names Practice Team Willis Group Holdings announced the launch of a North American Yacht practice within its Marine Group, and appointed a practice leader and team. The new practice will

serve the insurance needs of the owners of North America's most prestigious luxury yachts, and will be based in Fort Lauderdale, Fla. Willis Marine's Yacht practice currently handles insurance for more than 20 of the world's 100 largest luxury yachts. Willis is also the broker of choice to some of the largest fleets and yacht managers in the world. The new North American Yacht practice will serve as the hub for North American clients. Together with Willis' London team led by Mark Feltham, Willis Marine's Yacht practice is uniquely positioned to offer outstanding services and choice to its clients worldwide. For further information, visit www.willis.com XL Insurance Unveils Environmental Insurance Programs for Warehouses and Distribution Centers XL Insurance, XL Capital Ltd's global insurance operations, announced the availability of a specialized environmental insurance program that addresses pollution liability and clean-up expenses for US warehouses, storage and distribution facilities. Underwritten by Greenwich Insurance Company and Indian Harbor Insurance Company, the environmental insurance policy provides coverage for remediation expense, bodily injury and property damage, and legal defense for pollution conditions resulting at or from the insured warehouse or distribution center. "While environmental incidents tend to be low frequency events for businesses, when they do occur they can be high cost events that can severely impact a company's profitability," said Rich Corbett, head of XL Insurance's Global Environmental Insurance unit. "Likewise, as a result of what they have witnessed or read in news reports, warehouse operators have a growing concern about the potential pollution conditions that could stem from products stored at their facilities if they suffer a catastrophic events such as fire, flood or windstorm." "With XL Insurance's new environmental insurance program, warehouse and distribution center operators have

an affordable option to enhance their environmental risk management efforts with environmental insurance that can help quickly and effectively address an environmental incident should it occur," Mr. Corbett added. Common environmental risks faced by warehouses and distribution centers include: Spills or leaks during the loading or unloading of materials from trucks and railcars Contamination as a result of a fire at the facility Waste from on-site vehicle or forklift maintenance and storage Gradual leaks from material containers stored at the facility "This is particularly worthwhile coverage for facilities when they realize the limited environmental insurance coverage that their general liability (GL) insurance offers," said Mr. Corbett. "Most GL policies offer very limited or no environmental insurance coverage at all as a result of policies' absolute pollution exclusion." For further information, visit www.xlcapital.com Zurich opens new offices established to serve growing needs of emerging markets Zurich's Emerging Markets Solutions group has opened additional offices in Asia, Continental Europe and the Americas to better serve the needs of brokers and customers involved in emerging markets. The opening of new offices in Beijing, Frankfurt, Miami and Zurich is driven by the company's ongoing commitment to serve market needs and deliver emerging market solutions more effectively. "The establishment of additional offices will enable our Emerging Markets Solutions group to better meet the needs of customers and prospects," said Dan Riordan, president of Surety, Credit and Political Risk group, a strategic business unit of Zurich's North America Commercial business division. "We are committed to responding quickly to brokers and customers. The additional offices position us to have a strong presence in our key markets."

Seraina Maag, president North America Commercial Specialties, added, "The success of our Emerging Markets Solutions unit is based on a high level of service to brokers and insureds. By growing our footprint in these regions, we will increase our visibility and be more responsive to the needs of this growing market." Zurich underwrites political risk and trade credit insurance in emerging markets for financial institutions, multinational corporations, investors, exporters and infrastructure developers from offices in Washington D.C., Barcelona, Beijing, Frankfurt, Hong Kong, London, Miami, Paris, Sydney, Tokyo and Zurich. For further information, visit www.zurich.com.

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