Abacus, NSU Awarded TMPAA Best Practice Honors

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Thu Nov 12, 2009 8:00am EST

WILMINGTON, Del.--(Business Wire)--
The Target Markets Program Administrators Association (TMPAA) awarded two of its
member agencies, Abacus Insurance Brokers Inc., and National Specialty
Underwriters, the Association`s Best Practice Designation at their recent Ninth
Annual Summit in Scottsdale, Arizona. 

Bill Kronenberg, TMPAA President stated, "It is a testament to the talent,
tenacity and creativity of our members, that the vast majority have not just
survived these troubled times, but have in fact grown and improved their
operations. The Best Practice Designation showcases our members who function at
the highest levels of this industry segment and have demonstrated their
expertise in Program Administration. We are pleased to recognize Abacus
Insurance Brokers and National Specialty Underwriters as our newest Best
Practice Designation recipients." 

"As an online program manager, it's imperative that our controls and procedures
are of the highest quality and continually surpasses industry standards," says
Darren Lewin, Vice President of Programs at Abacus Insurance Brokers, Inc., "We
welcomed the opportunity for Target Markets to rigorously review and ultimately
provide validation of our strategies, controls, overall operations and our
ongoing efforts to advance specialty programs online through cutting-edge
proprietary technology. Target Markets has been invaluable in furthering Abacus'
growth objectives and is a great asset to the industry. We are honored to have
earned its Best Practices Designation." 

Chris Randall, President and CEO of NSU, had this to say in accepting the award,
"NSU has been a member of Target Markets from its inception. We are a strong
believer in TMPAA`s mission to support Program Administrators and it has been
exciting to watch the organization grow and improve each year. Getting this
award from TMPAA is particularly meaningful to us because we are being assessed
by the most reputable and knowledgeable organization in the country when it
comes to best practices for Program Administrators." 

"Two of the major tenants of NSU`s long-term strategic plan are to continuously
develop program expertise, and to clearly define business practices that
distinguish us from competitors. We set out three years ago to implement best
practices at NSU. The TMPAA evaluation process gave us an outside set of eyes to
evaluate the progress we`ve made and validate that we are on the right track. We
are proud of the designation and our affiliation with TMPAA." 

The Association`s Ninth Annual Summit was attended by over 600 Program Business
Professionals including the groups 52 Program Carriers. Steve Wozniak Co-Founder
of Apple Computers provided the meeting`s keynote presentation, with President
and CEO of Marsh & McLennan, Brian Duperreault, providing a state of the
industry address. 

The Target Markets Program Administrators Association`s Mid Year Meeting is
scheduled for April 12-14, 2010 in Baltimore MD with Keynote Speaker, Gen Colin
Powell (Ret.), and Industry Speaker, W. Marston (Marty) Becker, Chairman and CEO
Max Capital Group. 

Program Specialist/MGA`s interested in learning more about the TMPAA Best
Practice Designation or the Association can find information at
www.targetmarkets.com or by calling 877-347-5700. 

Abacus Insurance Brokers can be found at www.abacus.net. National Specialty
Underwriters can be found at www.nsui.com.

Target Markets Program Administrators Association (TMPAA)
Ray Scotto - Executive Director
877-347-5700
ray.scotto@targetmkts.com

Copyright Business Wire 2009

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