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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.
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