Ironshore Launches Life Science Practice
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41 NPAs: How do you stay current on new commercial insurance product offerings, acquisitions, and services? This edition of Advisen’s New Product Announcements contains details from Advisen; Allied World; Aon; Aon Benfield; Beecher Carlson; Catlin; Chartis; Griffin Risk Capital Partners; Guy Carpenter; Hub International; Integro; Ironshore; Markel; MarketScout; OneBeacon; Philadelphia; Price Forbes; R-T Specialty; Riverside Risk Advisors; Torus; Venture; Willis; and XL. Send material to [email protected] and note that the next NPA deadline is day 28 of the month. 41 NPAs Advisen 2000 Index lists US Brokerages and Agencies: Advisen is assembling the industry’s most complete listing of US Brokerages & Agencies. Our aim is to showcase firms by specialty niche and industry focus. If your firm completes the Advisen 2000 Index profile, your firm will be included in our index. WHY PARTICIPATE in the Advisen 2000 Index? Raise your firm's profile Find new markets Be found by new and appetite-changing markets Find new trading partners such as wholesalers or MGAs Gain exposure to possible equity and M&A interests Our focus is on insured industries served, lines of business and carrier partners. Many of Advisen’s carrier clients are interested in expanding their footprint. We want to help, and we think you’ll benefit, too. The Advisen 2000 Index is open to ALL Commercial Insurance Brokerages & Agencies in the US. There is no charge to be included in the Index. Request our ADV2000 Index Profile link or make sure that someone at your firm has already received it by contacting Jeff Cohen at [email protected]. Advisen Broker Growth Playbook Drives Business Growth: To help brokers increase their revenue, Advisen has developed an innovative process of analysis, action, and results called the Broker Growth Playbook. Advisen’s Broker Growth Playbook marks a fundamental shift away from the “self-serve” model of the past, and instead takes a pro-active role in helping our clients succeed. 4 Distinct Parts of Advisen’s Broker Growth Playbook Advisen Book of Business Analysis and Opportunity Report Individual Reports created and delivered to appropriate Producers & Client Execs Advisen 36-Month Action Plan to insure consistent application ROI Report on Revenue Growth Clients engaging in the Broker Growth Playbook have identified dozens, sometimes hundreds, of accounts that are potentially underinsured, overpriced, or lack a key coverage. Each of these represents an opportunity. Advisen then produces the relevant Business Intelligence, Benchmarks, and Large Loss Snapshots and delivers them in advance of the renewal or other key meeting. The 36- Month Action Plan creates the schedule for each step of the process and the ROI Report allows both Advisen and the Broker to measure the impact to their bottom line. To request a copy of our 19 page Broker Growth Playbook presentation or see sample report outputs, contact [email protected] Allied World Europe Launches Healthcare: The new Allied World Europe Healthcare division will focus on offering healthcare solutions to the London market, throughout the United Kingdom and the European Union. Rob Wendin joined Allied World Europe as Vice President and will lead the department. Mr. Wendin will be responsible for building out the division and developing a comprehensive healthcare product suite tailored to meet growing needs regionally. He will report to Kirsten Faria, Senior Vice President for Bermuda and International Healthcare. Contact Faye Cook at 441.278.5406 or [email protected] Allied World Launches Trade Credit and Political Risk Insurance Platform; Announces Agreement With Latin American Underwriters: Allied World’s Bermuda and London operations, together with Latin American Underwriters (LAU), will begin underwriting trade credit and political risk insurance effective immediately. The primary focus of the venture is to provide short and medium term credit insurance for clients that export to and from Latin America and the Caribbean, as well as to provide political risk insurance for exposures in the same regions. Frank D’Orazio, President, Bermuda & International Insurance, commented, “As a result of improved underwriting conditions and the expected growth in the GDP and trade in Latin America, Allied World sees a tremendous niche opportunity within the trade credit and political risk market. We partnered with Latin American Underwriters because of their extensive expertise in the marketplace and their existing relationships in the region. I am confident that together we will meet our clients’ increased needs for these specialty products.” Robert E. Svensk, President, Latin American Underwriters, commented, “The partnership with Allied World allows LAU to provide our clients and brokers with skilled and experienced underwriting responses, meaningful capacity and financial security from a leading and trusted global carrier. We are delighted to have concluded this agreement with Allied World which will bring much needed new capacity to our market at a time of rising demand and heightened risk awareness. We look forward to supporting Allied World’s mission to become one of the leading markets for this class of insurance.” LAU will target clients with Latin American or Caribbean import and/or export exposures and investors, contractors and financial institutions with exposures in the region. Contact Faye Cook at 441.278.5406 or [email protected] Allied World US Announces Forcefield for Healthcare Organizations: ForceField for Healthcare Organizations product suite offers five distinct standalone coverage components: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, and Kidnap & Ransom/Extortion Coverage. These standalone products are available to all types of Healthcare Organizations. ForceField for Healthcare Organizations was developed by leveraging Allied World’s extensive Healthcare knowledge and expertise,” said Gordon Knight, President, Allied World U.S. Knight added, “These products were created to address the unique needs of the Healthcare industry which continues to be a core focus for Allied World globally.” In addition to comprehensive coverage protection, insureds have access to key risk management services available via our strategic relationships with the workplace Helpline® (EPL coverage), red24TM (KRE coverage), and Strategic ResponseSM (D&O coverage). Cindy Oard, Senior Vice President of Allied World Healthcare, said, “We have built these new products leveraging Allied World’s ForceField products and tailored the coverage to the unique needs of Healthcare organizations. We continue to focus our efforts on providing our brokers leading edge coverage solutions supported by risk management, claims and underwriting expertise to create Healthcare specific solutions for our clients.” Worldwide coverage of up to $25 million in limits is available for each type of standalone coverage. Actual coverage will be subject to the policy as issued. Contact Faye Cook at 441.278.5406 or [email protected] Allied World U S Launches Privacy403v2: Allied World announces the launch of the next generation of Allied World’s Privacy Liability product: Privacy//403v2. Privacy//403v2 is designed specifically for a broad spectrum of non-technology companies including, financial institutions (banks and other commercial/consumer lenders), healthcare organizations (both provider entities and healthcare management companies), utilities, insurance companies and retailers. “We have reengineered this product to keep pace with the dynamic needs of the Privacy and Security Liability insurance market,” said John McElroy, President Professional Lines Division, Allied World U.S. McElroy added, “The launch of Privacy//403v2 provides clients with a cutting edge solution to proactively manage and respond to Privacy risks.” In addition to the Privacy, Network Security, Media Liability, Business Interruption Costs protection, and Domestic Notification Costs, Privacy//403v2 now offers coverage for International Notification Costs and Data Forensic Expenses. Risk management services offered to customers purchasing Privacy//403v2 include Help Desk Advice Services, two annual webinars, a Business Guide for Data Security Breach Preparedness and Response, Risk Management Monthly Updates on Important Developments in Privacy and Information Management Law, and e-Risk Hub (Powered by NetDiligence). Adam Sills, Vice President of Allied World U.S.’s Privacy/Technology Unit adds, “This product was developed with input from our brokers and clients and to ensure we continue to evolve and react to marketplace needs. This new iteration of our Privacy solution brings together a competitive form, competitive pricing, industry leading risk management and underwriting expertise to provide clients Privacy protection they can depend on.” Primary and Excess coverage of up to $25 million in limits is available. Contact Faye Cook at 441.278.5406 or [email protected] Aon’s Water Resilience Insurance is purchased by Anglian Water: Anglian Water, one of the largest water and wastewater company in England and Wales, has purchased Aon’s exclusive, industry leading insurance product for water utility companies, Water Resilience Insurance. Providing water services to 4.3m customers and wastewater to more than 2.5m homes million domestic and commercial customers in the east of England and Hartlepool, Anglian Water is the first water utility in the world to take advantage of Aon’s next-generation product. Aon’s