LSRAngel Partners with Quanta to Offer EPLI, D&O for Small to Medium-Sized Companies

Specialist EPLI program manager LSRAngel Inc. has announced a new partnership with the U.S underwriting subsidiaries of Quanta US Holdings Inc., a wholly-owned subsidiary of Quanta Capital Holdings Ltd., to provide employment practices and directors and officers insurance for small and medium-sized privately held companies.

The new program will begin underwriting in January 2005 and utilizes both Quanta’s admitted and surplus lines insurers. LSRAngel will be able to offer the option of either a stand alone EPLI or a combined EPLI/D&O policy.

Program underwriting is driven by LSRAngel’s underwriting system via the Web, and risk management services will be provided through the exclusive policyholder’s Website www.angelinsured.com.

“The combination of Quanta’s expertise in the D&O market and Angel’s proven EPLI specialty is ideally matched,” said Sue Monnickendam, Angel’s underwriting director. “We have worked hard over the past months to develop broad policy coverage for insureds, and new user-friendly systems for our agents.”

“We are pleased to bring Quanta’s technical expertise and extensive industry knowledge to the Angel program,” said Deirdre Littlefield, president of Quanta’s insurance segment. “We believe that adding this capability to our portfolio of insurance offerings broadens our market opportunities.”