New Programs Include International Coverage for both Start-Up and Established Member Companies and Directors & Officers Coverage
ATLANTA, April 26, 2012 – Maloy Risk Services, Inc., today announced its renewed appointment as the sponsored insurance broker to the Technology Association of Georgia (TAG), a trade organization that serves as an advocate for technology companies and their leaders. In addition, Maloy Risks Services, a leading provider of property/casualty and risk management services to the technology industry, has added the ACE Group’s comprehensive suite of foreign casualty package policies and D&O coverage to the suite of products already offered to this membership.
Underwritten by ACE Commercial Risk Services® and ACE USA, this offering provides access to ACE’s International Advantage® Casualty offerings through a simple package policy. For companies doing business overseas, coverage provides access to ACE’s extensive international network, and offers a full-range of high-value, economical insurance coverage that is highly scalable for companies just beginning to expand globally. ACE Commercial Risk Services® is also proud to provide their management liability suite of products which includes Directors & Officers, Employment Practices, Fiduciary, and Crime insurance to eligible individuals of member companies.
As a provider to a number of associations with broad member bases, Maloy Risk Services has extensive knowledge of working with start-ups and early stage companies to growth and mature companies, offering customized insurance services in line with their business needs. In addition, Maloy has extensive connections with many underwriting companies and through a membership model, is able to secure coverage protection plans at reduced costs.
“Having placed many programs for other technology associations, we know the needs of their industry as well as the appropriate insurance requirements based on size and stage of the company. We supported a number of TAG members last year and are excited to continue the momentum. Based on feedback from members, we’ve also added some key resources this year, and are pleased to welcome ACE and its vast international experience breadth of product offerings,” said Richard A. Maloy, Jr., CEO of Maloy Risk Services.
David Lupica, Division President, ACE Commercial Risk Services, commented, “The Maloy organization has years of experience with association marketing and is firmly entrenched with the TAG. We are excited about the launch and showing our product capabilities to this select group of individuals.”
“Our knowledge and solutions for the unique needs of clients that have operations or employees who travel outside the U.S. made partnering with TAG and Maloy an easy decision,” said Tim Benson, Senior Vice President, ACE Multinational Group.
ACE’s program, called ACE International Advantage®, offers customized protection in an attractive, easy-to-use package to meet the complex needs of clients who have operations or employees who travel outside the U.S., and is backed by a unique combination of financial strength, stability and service excellence. Insurance is provided by companies within the ACE Group or its allied distribution associates.
Eligible members will receive an insurance consultation from Maloy’s commercial lines representatives, who will work with ACE directly, to secure pricing and coverage options that fit client needs. Member accounts will be individually underwritten, making this benefit available at no cost to the member organization.
About ACE:
ACE Commercial Risk Services is an operation within the ACE Group that is dedicated to providing specialty insurance products that offer solutions for small business needs in North America. ACE Commercial Risk Services offers its products through retail agents and brokers, wholesale brokers, program agents and alternative distribution models. Additional information can be found at www.acecrs.com. ACE USA is the retail-focused operations of the ACE Group in the U.S. The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at http://www.acegroup.com.
About The Technology Association of Georgia (TAG)
The Technology Association of Georgia (TAG) is the leading technology industry association in the state, serving more than 15,000 members and hosting over 200 events each year. TAG serves as an umbrella organization for 30 industry societies, each of which provides rich content for TAG constituents. TAG’s mission is to educate, promote, influence and unite Georgia’s technology community to foster an innovative and connected marketplace that stimulates and enhances a tech-based economy. The association provides members with access to networking and educational programs; recognizes and promotes Georgia’s technology leaders and companies; and advocates for legislative action that enhances the state’s economic climate for technology. Additionally, the TAG Education Collaborative (TAG’s charitable arm) focuses on helping science, technology, engineering and math (STEM) education initiatives thrive. For more information visit the TAG website at www.tagonline.org or TAG’s community website at www.TAGthink.com. To learn about the TAG-Ed Collaborative visit http://www.tagedonline.org/.
About Maloy Risk Services, Inc.
Maloy Risk Services, Inc. is a leading provider of property and casualty insurance brokerage and risk management services to the hedge fund, venture capital, life sciences and technology industries. Maloy Risk Services has offices in New York City, Princeton, NJ and Atlanta, Georgia. To learn more about Maloy Risk Services, please visit their web site, http://www.maloyrs.com.
