CorPro Underwriting Managers Announces New Underwriting Facility for Management Liability Products
November 3, 2014, NEW YORK – CorPro Underwriting Managers (“CorPro”) is pleased to announce it will now offer Directors and Officers, Employment Practices, Fiduciary and Crime insurance coverage to small and mid-sized enterprises through its partnership with certain insurance company subsidiaries of American International Group, Inc. (“AIG”). Working exclusively through US wholesalers, CorPro’s clients will now be eligible to obtain coverage on AIG’s Private Edge Plus and Not-for-Profit Risk Protector policy forms.
A common misconception about privately held companies and non-profit organizations is that they do not need to purchase management liability insurance – a misconception that can prove financially devastating to these organizations and their executives in the event they become subject to a legal action. The Private Edge Plus and the Not-for-Profit Risk Protector are flexible insurance policies that allow private and not-for-profit entities of any size to obtain market leading management liability coverages tailored precisely to provide the protection needed for the risks that threaten the entity, management, employees, and board of directors.
This partnership provides a single point of entry exclusively for wholesale trading partners’ management liability business for small to mid-sized enterprises with revenues up to $50 million. The goal is to achieve more streamlined servicing capabilities and to ensure product and underwriting consistency across this important market segment. RSG’s Chairman & CEO, Patrick G. Ryan said, “We look forward to working with AIG to help grow its market-leading franchise of management liability products. This new partnership between AIG and CorPro will offer the U.S. wholesale brokerage community a centralized access point staffed with deep underwriting expertise dedicated solely to servicing small and medium-sized accounts.”
Any questions regarding this announcement and for further details about the product offering and capabilities, please contact Bill Dean, Vice President, CorPro Underwriting Managers at 646-871-8329 or email firstname.lastname@example.org.
For more information on this release, the media contact is Chelsey Krull, (312) 784-6043, email@example.com.
About American International Group
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. IG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. www.aig.com/privateedgeplus
About CorPro Underwriting Managers
CorPro Underwriting Managers is a series of RSG Underwriting Managers, LLC and a member of Ryan Specialty Group, LLC – a global holding company which includes other highly-specialized underwriting companies and specialty services designed specifically for agents, brokers and insurers. www.ryansg.com