MGA/Program Managers Professional Liability

April 14, 2009 – Kinnelon, NJ - Synergy Professional Associates announces their appointment as the Program Administrator for their new MGA/Program Administrators Professional Liability Insurance facility.

Synergy Professional Associates has been appointed program administrator for Insurance Agents and Brokers Professional Liability for Managing General Agents, Managing General Underwriters, Program Administrators and Specialty Insurance Intermediaries who specialize in Program Business. 

The program is focused on Insurance intermediaries who derive the majority of their revenue from program business.   Guidelines are broad and will consider producers who generate business from single or multiple distribution platforms.

Limits are up to $5,000,000/$5,000,000.  The minimum premium is $7,500 and is available in all 50 states.  Coverage can be individually crafted. 

The program is available on a direct basis or to all licensed producers in all states on a non-admitted basis, underwritten by Beazley’s Lloyds syndicates 623/2623.   Security is Best’s rated A XV.

About Synergy Professional Associates, Inc.

Synergy Professional Associates, Inc. is a Managing General Agency & Surplus Lines Broker specializing in Professional Liability.   Our highly experienced staff provides exceptional service to producers throughout the United States.  The principles of Synergy have been writing Professional Liability since 1991.  Synergy operates on an open broker basis with duly appointed producers.

For information or access to the program, please contact Michele McCrohan at 973-995-0519 or via email at [email protected] or Ira Dawer or via email at [email protected].    Additional information may be found at www.synergy-ins.com.

Notes to the editor:

Beazley Group plc (BEZ.L) is the London-based parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Singapore, Hong Kong and Australia.

Beazley manages four Lloyd’s syndicates: Syndicate 2623 and Syndicate 623 underwrite a broad range of insurance and reinsurance business worldwide; Syndicate 3623 focuses on accident and health business; and 3622 is a dedicated life syndicate. In 2008, Beazley underwrote gross premiums of £875.7m. All Lloyd’s syndicates are rated A by A.M. Best. In the US, Beazley’s underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd’s. Beazley Insurance Company, Inc. is rated A by A.M. Best.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

For more information please go to: www.beazley.com

For information contact:

Ira J. Dawer, CPCU, RPLU
President
973-995-0512
[email protected]