New Markets

March 24, 2008

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.

Kidnap & Ransom Coverage
Nuts & Bolts: Travis-Pedersen & Associates of Arizona LLC is offering a kidnap/ransom, extortion and detention coverage that addresses the exposures facing commercial enterprises and individuals based in the United States and overseas. The policy form offers a comprehensive package of protection designed to help victims cope with devastating emotional and financial consequences should an event occur.
Dollars: $1 million to $10 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: All.
Contact: Matt Gervin at 480-281-3850 e-mail mattg@travped.com.

Sports and Fitness
Nuts & Bolts: Sports & Fitness Insurance is a national underwriting facility specializing in sports and fitness facilities. The company underwrites liability, property, workers’ compensation, bonds, business auto for health clubs, fitness centers, martial arts studios, personal trainers, performance training facilities, racquet clubs, tennis centers, dance schools, yoga studios, pilates studios, and commercial swim schools, and more on both an admitted and non-admitted basis in most every state.
Dollars: $500,000 to $2 million.
Carrier: Safeco and member companies rated “A++” by A.M. Best. Admitted.
States: All.
Contact: Joan Watson at 877-496-4671 or e-mail jwatson@sportsfitness.com.

Surfing Events Liability Insurance
Nuts & Bolts: General liability insurance for surfing contests, tournaments, camps and events is available. Coverage includes claims made by athletic participants and is offered on an occurrence form basis.
Dollars: $1 million to $5 million.
Carrier: Rated “A+” by A.M. Best. Admitted.
States: All.
Contact: Alyson Norrbohm at 888-416-9091 or e-mail Anorrbohm@fdean.com.

Non-Admitted Property Facility
Nuts & Bolts: Metro Insurance Services Inc. enhanced its property program to include excess flood up to $5 million per occurrence to be placed over the National Flood Insurance Program. Metro has capacity up to $20 million per location per occurrence for most classes of real property, and business interruption excluding wind in coastal regions. Competitive rates and commissions are available.
Dollars: $250,000 to $5 million.
Carrier: Rated “A” by A.M. Best. Nonadmitted.
States: All except Alaska and Hawaii.
Contact: Arthur Petzel at 215-794-1190 or e-mail apetzel@metroins.com.

Courier Auto — Fleet and Non-Fleet
Nuts & Bolts: KBS International Corp is offering all auto coverages for courier/messenger delivery and logistics companies. Symbols 1, 2 available for qualified risks. Hired and non-owned available. Other lines also are available (package, cargo, umbrella, EPLI, etc.). Co-brokers welcome.
Dollars: $500,000 to $1 million.
Carrier: Rated “A” by A. M. Best. Admitted.
States: All except Hawaii.
Contact: Peter Schlactus at 914-636-6262.

Topics AM Best

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Insurance Journal Magazine March 24, 2008
March 24, 2008
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