Alexandria, Virginia, Dec. 28, 2015 — The Independent Insurance Agents & Brokers of America Big “I” Professional Liability Program has named James Hanley, RPLU, the new director of agency professional liability risk management. Hanley will lead the risk management program for the Big “I” and Swiss Re Corporate Solutions Professional Liability Insurance Program.
“The Big ‘I’ Swiss Re Professional Liability Program offers a comprehensive program for Big ‘I’ members, including the broadest risk management program available for agents,” says Mark Wolf Big I Advantage® vice president. “Jim Hanley will help us ensure that we continue to be the industry-leading agency E&O program. With data on frequency and severity from the largest program in the industry, we know what drives losses and how to avoid them and that varies by state. Jim will work closely with the 51 Big ‘I’ state associations, who are very adept at recognizing the needs of their members and are committed to delivering the best risk management in the industry.”
“The Big ‘I’ Reinsurance Company’s recent conversion to a protected cell company will allow us to combine sophisticated risk retention and risk management and apply it specifically to the unique risk management needs of agency alliances and large agencies. We look forward to Jim Hanley coordinating these efforts to the ultimate benefit of our members,” continues Wolf.
Hanley has been with the Big “I” since 2008 as an underwriter and staff coordinator of the bordereau reconciliation for IIABA’s reinsurance company.
“The Big ‘I’ Professional Liability Program’s risk management resources continue to improve and set our program apart,” says Sabrena Sally, CPCU, Swiss Re Corporate Solutions senior vice president. “Our program has the benefit of dedicated E&O risk management resources. We study the data with the Big ‘I’ and target our loss prevention tools accordingly. Big ‘I’ risk management resources are accessed by the 51 Big ‘I’ state associations in delivering E&O classes and through our unique member- and insured-exclusive website, http://www.iiaba.net/EOHappens. We offer far more than just an insurance policy—we offer a comprehensive program and we look forward to working with Jim Hanley.”
Hanley brings 15 years of professional liability experience to this position and a dedication to proactive risk management from his many years as an underwriter. He received his Registered Professional Liability Underwriter (RPLU) designation in 2009.
Big I Advantage® is a for-profit subsidiary of IIABA and wholly owned holding company that operates a nationally licensed insurance agency administering the Big “I” Professional Liability program, Big “I” Markets and a number of other well-known member benefits including personal umbrella and flood programs, and providing oversight of $121 million in retirement assets. Big I Advantage seeks to unite the 51 IIABA state associations in pursuing IIABA’s mission of creating a sustainable competitive advantage for members by deploying member agency buying and distribution power to develop innovative, member-exclusive and profitable products while supporting the advocacy efforts of IIABA.
Founded in 1896, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of approximately a quarter of a million agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life, and health—as well as employee benefit plans and retirement products. Web address: www.independentagent.com.
Swiss Re Corporate Solutions is a part of the Swiss Re Group, which has nearly 150 years of experience and significant capacity. Swiss Re Corporate Solutions has provided errors & omissions coverage to insurance agencies since 1963, and has enjoyed the endorsement of IIABA since 1988. The combination of the underwriting, claims, and risk management expertise of Swiss Re Corporate Solutions coupled with the IIABA partnership brings to the marketplace a first in class agents E&O program. Web address: www.swissre.com/corporate_solutions.
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