New Markets

January 29, 2007

Apartment Property Program
Nuts & Bolts: Houston-based London American Risk Specialists Inc. has an Apartment Property Program endorsed by the National Apartment Association. The program is available in the continental United States. Highlights of the program include: competitive rates on apartments built in 1975 and later; $10,000 minimum premium; and quotes within 72 business hours. All apartments, condominiums and townhouses are eligible except those: built prior to 1975; with aluminum wiring, wood shingle roofs or siding; with subsidized or student occupancy greater than 10 percent; with total occupancy less than 70 percent; and over four stories.

Dollars: $20 million per location capacity
Carrier: Rated “A” XV by A.M. Best. Non-admitted
States: All, except Alaska and Hawaii
Contact: Steve Ulrich at 713-977-7726, ext. 247 or e-mail sulrich@londonamericantx.com

Commercial Property Managers
Nuts & Bolts: The Hartford Financial Services Group Inc. expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The target market encompasses owners and managers of retail, industrial and office properties, whose primary source of income is rental receipts from those properties. Many of the options are made available through the company’s new Supplemental Property Insurance Coverage Endorsement (SPICE) for Real Estate, a complement to The Hartford’s Property Choice policy. The SPICE for Real Estate meets industry-specific needs, including business income coverage up to the following amounts: $100,000 for reduced or lost rental receipts resulting from direct physical damage to an anchor store at a commercial property; $50,000 if a covered cause of loss at an adjacent property prevents or limits access to the policyholder’s property; $50,000 when property is restored after a covered loss and results in a tax increase due to higher property values; and up to $1 million for losses to newly-acquired property.

Dollars: Up to $1 million
Carrier: The Hartford
States: All states except Alaska, Hawaii and Louisiana
Contact: Rowena Styron at 860-547-8596 or e-mail Rowena.styron@theHartford.com

Nuclear-Chemo-Bio Terrorism Reinsurance
Nuts & Bolts: Catlin Insurance Co. Ltd., a subsidiary of Catlin Group Ltd. (CGL), has developed an insurance and reinsurance product that provides coverage for acts of nuclear, chemical, biological or radiological (NCBR) terrorism. Insurers have historically been reluctant to provide coverage for NCBR events partly due to the unacceptable accumulation of risk posed by these types of events. Catlin Bermuda has developed a product to overcome this problem by restricting the coverage to NCBR events which occur in a specified geographic area that is pre-defined by the insured or cedant. Coverage can be provided on an insurance or reinsurance basis, and can cover most underlying forms of insurance (e.g. workers compensation, property damage, business interruption etc.). Coverage can be used to supplement individual countries’ national terrorism insurance frameworks, such as the U.S. Terrorism Risk Insurance Extension Act (TRIEA).

Dollars: Limits vary
Carrier: Catlin Bermuda, rated “A” by A.M. Best. Non-admitted
States: Most states, check with Catlin
Contact: James Burcke, Catlin Group Ltd., London, at +44(0)20 7458-5710 or e-mail james.burcke@catlin.com

Real Estate Agents & Brokers E&O
Nuts & Bolts: London American Professional Liability LLC has a program for real estate agents’ and brokers’ errors and omissions. The professional liability program is designed to protect real estate firms and associated real estate industry professionals with revenues up to $250 million.

Dollars: Up to $5 million each claim/$5 million annual aggregate Limit
Carrier: American Safety, rated “A” by A.M. Best. Non-admitted
States: All, except Ariz., Calif., Conn., Del., Iowa, Maine, Mass., N.H., Okla., R.I., and Vt.
Contact: Ed Velasquez at 201-944-7000 or e-mail evelasquez@londonamericantx.com

Property Coverage, Adjusters, Investigators
Nuts & Bolts: AMIS is offering miscellaneous property coverage for their private investigators and insurance adjusters with limits of $50,000 per occurrence for $350 annually, or $100,000 per occurrence for $500 annually. The coverage has a $500 deductible and is limited to $10,000 for any one item. This coverage is available as part of the general liability and errors and omissions package.

Dollars: $50,000 up to $100,000
Carrier: Rated “A-” VII by A.M. Best. Non-admitted
States: All, except Del. and Wyo.
Contact: Bill West at 800-843-8550 or e-mail bwest@amiscorp.com

Employment Practices Liability
Nuts & Bolts: Executive Perils Inc. is offering an employment practices liability product for up to 250 employees. Third-party coverage is available. Punitive damages are available. Defense costs outside the limit and by lateral discovery are available.

Dollars: Up to $15 million
Carrier: Rated “A+” by A.M. Best. Admitted and non-admitted
States: All
Contact: www.eperils.com or call 310-444-9333