AIX Group and International Excess Program Managers Partner to Offer Preferred
Logistics Program
- Comprehensive Package Offers Tailored Coverages for Couriers, Expediters,
Freight Forwarders, Food Delivery, Small Package and Letter Delivery
Businesses -
WINDSOR, Conn., Oct. 26 /PRNewswire/ -- AIX Group, Inc., a specialty insurance
carrier and subsidiary of The Hanover Insurance Group, Inc. (NYSE: THG), today
announced the availability of the Preferred Logistics program in partnership
with International Excess Program Managers. The custom program offers a
comprehensive insurance solution for small to mid-sized courier businesses,
expediters, freight forwarders, and food delivery companies nationwide.
The Preferred Logistics program is sold through a select group of independent
agents who demonstrate an expertise in the logistics industry. It is designed
to offer tailored, cost-effective insurance products to cover the unique risks
of courier, freight forwarders, food delivery, small package and letter
delivery businesses.
"The entire team at International Excess Program Managers immediately
impressed us with the quality of their operation and their experience in the
logistics insurance arena," said Ron A. Ganiats, regional president, AIX
Group. "We are excited to be working with IEPM and its agency partners to help
deliver a total solution to this important market."
Agents offering the Preferred Logistics program can deliver a customized
solution to their clients, including specialized coverage for hired and
non-owned automobile liability; fleet liability and physical damage; general
and Excess liability; cargo (including bank and pharmaceutical); crime and
employee dishonesty bonding; property; warehouse legal liability; workers'
compensation; errors and omissions liability and employment practices
liability.
"We are thrilled to partner with AIX in this way, as our companies are both
strongly committed to innovation, customer service and mutually beneficial
partnerships," said Joy LaFrance, chief underwriting officer at International
Excess Program Managers . "At the same time, working with The Hanover was
appealing to us because of its financial strength and distinctive
capabilities. This relationship further demonstrates our commitment to help
customers succeed over the long term."
To further support independent agents and their customers, the program is
backed by proactive risk management practices that include guidance for claims
management; claims advocacy; safety advice; procedures for handling hazardous
materials; contract and insurance requirement review and regulatory
compliance.
About AIX Group, Inc.
AIX Group, a part of The Hanover Insurance Group, Inc. (NYSE: THG), has
executive offices in Windsor, Conn. AIX was founded in 2005 by five insurance
industry veterans to fill a need in the under-served market of specialty
program insurance business. This sector includes traditional first dollar
programs, risk retention groups, rent-a-captive facilities, group and
association captives and hybrid collateral structures. The company had gross
written premiums of $138 million in 2008, and has an "A XIV" (Excellent)
rating with A.M. Best Company. AIX Group employs approximately 150 people in
four U.S. locations: California, Connecticut, Florida and New York.
About International Excess Program Managers
Comprised of a team of high energy, diverse, insurance professionals,
International Excess Program Managers' team is rich in talent, creativity,
knowledge and inspiration. The company, which has been in the niche program
business for more than 10 years, builds exclusive, customized insurance
programs that are industry specific for targeted niches. Additionally, the
company's executives are innovative, creative and growth oriented with over 80
years combined insurance experience. A nationwide full-service operation,
International Excess Program Managers fulfills all of its clients' needs
in-house. For more information, please visit www.xsprograms.com.
CONTACT: Amy Banek, 508-855-4486, abanek@hanover.com
SOURCE AIX Group, Inc.
Amy Banek of The Hanover Insurance Group, +1-508-855-4486, abanek@hanover.com
