Decennial Liability
In certain countries, owners require that contractors have this insurance to cover costs to repair a total or partial collapse of the construction.
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Insurance Industry News from ProgramBusiness.com
New Board MembersAssurex Global, a selective worldwide network of independent insurance brokers representing $28 billion in premium volume, has named three new board members and re-elected two. Elections were held earlier this year at the organization’s worldwide stockholders’ meeting in Atlanta.New board members include Robert J. Klonk of Oswald Companies in Cleveland, Ohio; Stefan Nill of Leue & Nill GmbH in Dortmund, Germany; and Michael F. Ross of North American Group in Oklahoma City, Oklahoma. Re-elected to the board were Robert T. Cawley of Riggs, Counselman, Michaels and Downes in Baltimore, Maryland; and Tomas Lorant of Lorant Martinez, Salas y Cia. in Mexico City, Mexico.
Founded in 1954 and headquartered in Columbus, Ohio, Assurex Global has approved just 113 independently owned and locally managed firms worldwide as Partners. These firms are organized into four global regions—Asia/Pacific, Europe/Middle East/Africa, Latin America/Caribbean and North America—to facilitate the challenges presented when servicing international clients. As Assurex Global President and CEO Jim Hackbarth explained, “Our organization is unique in that we can operate with incredible flexibility to meet client expectations because each individual Partner is independently owned. Because of this entrepreneurial environment, our Partners bring some truly dynamic ideas to the table. Our board is challenged to harness this energy and enthusiasm and have created some outstanding collaborative projects as a result.”
Board Chair Bill Jeatran, of RJF Agencies in Minneapolis, Minnesota, added, “I’m looking forward to another progressive year with the new and returning board members. Each one brings a unique perspective—it will be an impressive and talented group of industry leaders serving Assurex Global.”
About Assurex Global: Founded in 1954 and headquartered in Columbus, Ohio, Assurex Global combines the experience and expertise of 20,000 professionals in every major city on six continents. 113 independently owned broker Partners comprise the world’s largest privately held risk management, commercial insurance and employee benefits brokerage group, placing annual premiums of $28 billion. Assurex Global Partners—only one per market—are selected by capability, integrity, growth potential, quality and breadth of services. For a complete list of Assurex Global Partners or for more information, visit www.assurexglobal.com.
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