Swiss Re's Commercial Insurance and BISYS Specialty Programs Offering World-Class Insurance Protection
05 May 2008, Overland Park
Overland Park, KS and Melbourne, FL - Swiss Re's Commercial Insurance and BISYS Specialty Programs (a division of Crump Insurance Services, Inc.), today announced the launch of an insurance program for auto dealers. Backed by the world-class financial strength of Swiss Re and the industry expertise of BISYS, this program offers high quality coverage and security for auto dealers who meet underwriting guidelines.
Swiss Re and BISYS recently reached the one year anniversary of their joint offering of insurance coverage for tow truck operators. The new auto dealer offering builds on the success of that partnership.
"Swiss Re has insured auto dealers for years and BISYS was a natural choice for re-launching our dealer facility," said Brian Evans, Programs business leader of Swiss Re's Commercial Insurance. "Auto dealers will benefit from policies underwritten by Swiss Re companies and backed by Swiss Re's financial strength.
"We are pleased to have the opportunity to offer another new program through our partner, Swiss Re," said Mike Oliver, senior vice president of BISYS Specialty Programs. "The auto dealers Program allows us to enter a new business segment and broaden our range of coverage solutions for our retail agents."
The program provides specialty underwriting for a full complement of insurance coverage for auto dealers. It entertains risks for franchised or non-franchised retail auto dealers, auto auctions, wholesale dealers, including those with service garages and body shops. Coverage includes commercial auto liability, physical damage, garage liability, garage keepers, dealers open lot, inland marine, crime and property.
An added benefit of this new program is a paperless submission process that allows agents to utilize electronic, fillable applications. All submission requirements and applications are available online at www.BISYSPC.com.
Notes to editors
Swiss Reinsurance Company Ltd
Swiss Re is a leading and highly diversified global reinsurer. The company operates through offices in more than 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company's traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. Swiss Re is rated "AA-" by Standard, Poor's, "Aa2" by Moody's and "A+" by A.M. Best.
Swiss Re's Commercial Insurance protects insureds with specialized needs in niche markets in the U.S. and Canada. Products include property and casualty insurance, professional liability insurance, excess medical expense and risk management services. Swiss Re's Commercial Insurance has served the primary insurance community since 1908 and is committed to providing service, creative solutions and security for its clients.
About Crump Insurance Services and BISYS Specialty Programs
Crump Insurance Services, Inc. is made up of legacy Crump wholesale brokerage locations across the U.S. and in Bermuda, and the recently acquired BISYS Commercial Insurance Services operations, Tri-City Brokerage and BISYS Specialty Programs. Crump Insurance Services is a market leading independent wholesale distributor of commercial property and casualty (P&C) 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 P&C risks, commercial and habitational real estate risks, products liability, high-limit property, catastrophe, and professional and medical liability. Crump serves 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, BISYS 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.BISYSPC.com.
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