International Placement Services Newsletter
IPSI Market Update December 18, 2006

in this issue

About Us...

Home Builders Umbrellas

Management Liability

Earthquake Insurance


 

About Us...
Reception Desk

International Placement Services, Inc. (IPSI) is an independently owned, multi-line wholesale insurance broker. We have special expertise in Professional/D&O, Construction, Alternative Risk, Public Entity, Property/Inland Marine, Primary & Excess Casualty and Standard Market access.

For more information call (800) 999-4774 or fax your next submission to (314) 725-4317.

History & Mission Statement



Please distribute this IPSI Market Update to all Producers and Marketing Personnel.


  • Home Builders Umbrellas
  • IPSI Wants your Residential Contracting risks!

    We target:

    • Residential General Contractors
    • Commercial General Contractors (with incidental residential)
    • Commercial General Contractors (Apartments)
    • Residential Artisan Contractors
    • Commercial Artisan Contractors (with incidental residential)

    Working in:

    • Custom Homes up to $500,000 value (up to 50 starts)
    • Condominiums & Town Homes (low rise - up to 30 starts)
    • Apartments (low rise, garden style preferred)
    • Tracts up to 30 starts
    • New starts & remodeling

    We can offer:

    • Commercial Follow Form Excess policies
    • Competitive pricing
    • Follow Form Additional Insured (specified or blanket)
    • Follow Form Waiver of Subrogation (specified or blanket)

    To view an Available State listing as well as foot notes regarding Ineligible Artisan classes, please click here...

    For further information, please contact:

    • Patrick Reilly, CPCU at extension 237
    • Lana Taylor at extension 277

  • Management Liability
  • Remember to provide every account an Employment Practices Liability (EPLI) quotation. By offering your clients this valuable coverage, you may avoid a potential E&O claim down the road.

    Our carriers' appetite is broad and we have access to most of the standard market players as well as many specialty companies. In most cases, coverage is written on an admitted basis and can include both Directors & Officers Liability as well as Employment Practices.

    We have all of the resources normally associated with larger wholesalers and the expertise to make even the novice look like a seasoned professional. let us know how we can help you with your difficult or even routine Management Liability placements.

    Click here if you would like to view or download a Not for Profit Application or a Privately Held Company Application.

    For further information, please contact:

    • David Smith, ARM at extension 229
    • Christine Remming at extension 265

  • Earthquake Insurance
  • earthquake

    Many carriers have all but withdrawn from the Earthquake marketplace. The financial impact of hurricanes' Katrina and Rita not only negatively impacted many carriers financial position but also has highlighted their susceptibility to large loss events. Reinsurer models still indicate that a major earthquake could very well be that next catastrophe.

    IPSI still has plenty capacity for your Earthquake business and is fortunate to have both admitted and non-admitted markets that will write commercial or even homeowners coverage. Here is a list of our potential markets:

    • Lloyds of London
    • Pacific Insurance Company
    • RLI - Mt. Hawley
    • Essex
    • Endurance Specialty
    • RSUI
    • Seneca
    • Insurance Company of the West

    IPSI can offer you a capacity and quick turn around for your Earthquake Coverage where your other markets may have left a gap or made procurement unaffordable.

    Attached is a copy of IPSI's Earthquake Supplemental that will assist in modelling and pricing coverage. (Click here...)

    For further information, please contact:

    • Patrick Walsh, CPCU at extension 221
    • Donna Eichhorn at extension 213
    • Ronnie Strothman at extension 245

    We thank you for your continued support and please accept our Best Wishes for a Joyous Holiday Season and successful New Year.

    California License # OE50717


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    International Placement Services | 101 South Hanley Road | Suite 700 | St. Louis | MO | 63105