American Wholesale Insurance Group Forms New Specialty Management Liability Team.CHARLOTTE, N.C. -- American Wholesale Insurance Group (AmWINS), the nation's largest independent wholesale insurance broker, has formed a new specialty team to focus exclusively on management and professional liability products. Called Financial Risk Specialist Team (FIRST), the unit is being led by Bill Dixon
Bill Dixon (born October 5 1925, Nantucket, Massachusetts) is an American trumpet, flugelhorn, and piano player; composer; artist; educator. and Glen Bailey, each of whom brings approximately 20 years of experience in underwriting and broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. professional and management liability products such as Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, Kidnap/Ransom & Extortion extortion, in law, unlawful demanding or receiving by an officer, in his official capacity, of any property or money not legally due to him. Examples include requesting and accepting fees in excess of those allowed to him by statute or arresting a person and, with , Professional and Miscellaneous E&O Liability. "Business practices in every industry are under increasing scrutiny," comments Steven DeCarlo, President and Chief Executive Officer of AmWINS. "As a result, companies must be much more aggressive and proactive relative to corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and managing executive and professional liability." The magnitude of claims brought against companies and their management has been increasing at an alarming rate over the past 10 years. Historically, companies, whether public or private, have been subject to the standards of securities, pension and employment laws. However, corporate scandals A corporate scandal is a scandal involving allegations of unethical behavior by people acting within or on behalf of a corporation. A corporate scandal sometimes involves accounting fraud of some sort. over the past five years have heightened the scrutiny and led to higher standards. "These exposures demand tailor-made solutions, entrepreneurial products, innovative risk management services and being incredibly responsive to customer needs and requests," DeCarlo continued. "For that reason, AmWINS has spent the past year working to create a skilled team devoted exclusively to management and professional liability. We've assembled some of the brightest financial and professional liability minds in the industry. Our FIRST brokers, located throughout the country, possess unique expertise, industry knowledge and technical ability to help independent retailers bring a new level of products and services to their clients." American Wholesale Insurance Group (www.amwins.com) is a wholesale insurance organization dedicated to serving retail agents throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by providing property & casualty, group life and health, program administration services, and actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin services capabilities. The company is ranked by Business Insurance magazine as third largest wholesale insurance broker in the United States. |
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