Crump Announces President of Its P&C Programs Division

Actuarial and underwriting expert brings new perspective to specialty practice

ROSELAND, N.J., July 1 /PRNewswire/ -- Crump Group, Inc., the nation's largest insurance wholesaler, today announced that it has appointed Lee Lloyd as president of its programs unit within the company's property & casualty division. Mr. Lloyd comes to Crump from United Educators Insurance where he held senior leadership roles over the past ten years, most recently serving as vice president of Underwriting and Chief Actuary.

"Lee has an extensive background in insurance programs, underwriting and actuarial analysis. He has led initiatives to strategically manage portfolio risk profiles, turning various segments from loss leaders to profitability. We look forward to the value he brings to our programs organization in terms of future growth and efficiency," said John Jennings, president of Crump Property & Casualty Insurance Services.

Mr. Lloyd previously served in various roles with Zurich and Travelers. He holds a B.A. in actuarial science from New York University - Leonard N. Stern School of Business and is a Fellow of the Casualty Actuarial Society.

About Crump Property & Casualty Insurance Services

Crump Property & Casualty Insurance Services, Inc. is part of Crump Group, the nation's largest insurance wholesaler. As the property & casualty insurance division of Crump Group, it is made up of wholesale brokerage locations across the U.S. and in Bermuda (including the former Tri-City Brokerage operations), and Five Star Specialty Programs. Crump is a market leading independent wholesale distributor of property and casualty insurance, linking an extensive network of retail brokers and agents to products provided by over 150 leading P&C insurance carriers. Crump offers specialty underwriting capabilities and supports the wholesale placement of a wide range of specialized commercial insurance solutions, including customized coverage for complex property and casualty risks, commercial and habitational real estate risks, products liability, high-limit property, catastrophe, and professional and medical liability. Crump experienced wholesale brokers serve as a single connection point for its retail brokers to access domestic and international insurance companies. Crump offers customized insurance products as well as sophisticated system capabilities. Acting as a program administrator for numerous P&C carriers, 5Star Specialty Programs develops and provides specialty underwriting for commercial insurance programs - including transportation related risks, workers' compensation solutions, professional liability, and more - matching insurance needs and market opportunities with the appropriate coverage. Additional information is available at www.crumpins.com and www.5starsp.com.

About Crump Group, Inc.

Crump Group, Inc. (www.crump.com) is the largest wholesale insurance distributor in the United States, and through its Ascensus division (www.ascensus.com) is the largest independent U. S. provider of recordkeeping and support services to company-sponsored retirement plans in the micro to large segments of the market. Its Commercial Insurance Services division (www.crumpins.com; www.5starsp.com) is among the largest U. S. providers of wholesale brokerage and specialty programs to the commercial property and casualty insurance industry. Life Insurance Services (www.crumplifeinsurance.com) is among the largest wholesale distributors of services that support the sale of life related insurance and annuity products. Ascensus (www.ascensus.com) is the largest independent administrator for company-sponsored retirement plans, offering every component of retirement plan infrastructure.

SOURCE Crump Insurance Services, Inc.