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Markel Programs and ProSurance Group, Inc. to Offer New Primary and Excess Limits for Commercial Fidelity Insurance Program

November 3, 2010

FOR IMMEDIATE RELEASE

Markel Programs and ProSurance Group, Inc. to Offer New Primary and Excess Limits for Commercial Fidelity Insurance Program

Richmond, VA, November 1, 2010 – Markel Programs announced today an increase in capacity for their monoline commercial Fidelity insurance program through ProSurance Group, Inc., their general agency partner. ProSurance Group will now have capacity to write limits up to $5,000,000 on a primary and excess basis. Commercial Crime coverage is currently available countrywide on an open-brokerage basis. The minimum premium is $2,500.

“We are excited about the success of our partnership with ProSurance. The ability to write larger limits demonstrates our commitment to this general agency and the Fidelity program,” stated Rick Wiseley, Managing Director of Markel Programs. “Prospects for positive growth in 2011 and beyond are tremendous,” he continued.

Dorothy Kent, Senior Vice President of ProSurance Group, commented, “We are very pleased about the program development and are looking forward to providing higher limits of coverage to better serve the broker community and a broader spectrum of clients and industries.”

Markel Programs and ProSurance Group’s Crime program is accessible to a wide variety of industries. Target commercial classes include retail businesses, ATM companies, manufacturers, casinos, and difficult-to-place risks. The coverage protects against fidelity and forgery, money and securities, robbery, safe burglary, computer fraud, money orders and counterfeit currency, theft of client property, funds transfer fraud, and agents.

ABOUT MARKEL PROGRAMS
A division of Markel Corporation, Markel Programs develops partnerships with managing general agents to offer single-source, admitted and non-admitted programs for a specific class or line of business. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. To learn more about Markel Programs, visit markelprograms.com.

ABOUT PROSURANCE GROUP, INC.
ProSurance Group was founded in the 1990s as a managing general agency for professional liability. It specializes in underwriting and marketing the more difficult lines of insurance. The Fidelity Division is headed by Dorothy Kent, an experienced senior fidelity underwriter. ProSurance Group markets through independent sub-producers and, in some cases, directly to its insureds. To learn more about ProSurance Group, visit prosurancegroup.com.

Corporate Update, Halloween Party, and our Beloved Giants

November 3, 2010

It’s been a busy couple of months at ProSurance group. Michael Chen was promoted to Director of Accounting and we were all extremely pleased as Michael is such an integral part of making this place run smoothly. We welcomed Cynthia Bjornson as a new member of the Customer Service team. Please be sure to introduce yourselves to her when you call ProSurance Group. Our new Crime Division lead by Dorothy Kent is humming along as she is very busy getting out quotes and binding business. Please check out our Crime section on this website for more information.

As usual, Halloween at the office was in top form. Can you spot some of our ‘Corporate Ghouls’?


Last but certainly not least, we have all enjoyed celebrating the San Francisco GIANTS World Series victory! If your quotes have been a little slow in coming or your underwriter has been a wee bit distracted, we apologize. Once every 56 years we slack off!!!

Life Series Online Application Now Available

August 20, 2010

You asked, and we answered! Starting today, the “Life Series” Application is now online.

The application process will take less than 10 minutes and completed entirely online. You can now pay for your new policy directly from our website via credit card. As usual, after we receive and process your order we will send you your Certificate of Insurance, followed by your Original Policy Package by mail.

Try it today, we’ve made it very easy for you to gain the coverage you need.

Life Series Online Application

Markel Programs partners with ProSurance Group

July 12, 2010

FOR IMMEDIATE RELEASE

Markel Programs partners with ProSurance Group, Inc. to offer new, commercial Fidelity insurance program

Richmond, VA, July 12, 2010 – Markel Programs announced today that it has partnered with ProSurance Group, Inc., a managing general agency, to offer a new, monoline commercial Fidelity insurance program. Commercial Crime coverage is currently available countrywide on an open-brokerage basis. Fidelity insurance for financial institutions will be launched later this year.

Markel Programs and ProSurance Group’s Crime program is accessible to a wide variety of industries. Target commercial classes include retail businesses, ATM companies, manufacturers, casinos, and difficult-to-place risks. The coverage protects against fidelity and forgery, money and securities, robbery, safe burglary, computer fraud, money orders and counterfeit currency, theft of client property, funds transfer fraud, and agents.

“Both Markel Programs and ProSurance Group have in-depth experience insuring specialty classes of business,” stated Rick Wiseley, Managing Director of Markel Programs. “With Markel’s solid financial history and ProSurance Group’s 30-plus years of fidelity experience, we are a compelling choice for Commercial Crime coverage,” he continued.

John Wagner, Ph.D., Chief Executive Officer of ProSurance Group, commented, “Our producers and clients appreciate the small-company mentality, personal attention, flexibility, and quick turnaround Markel Programs and ProSurance Group provide. In addition to writing standard accounts, we’re willing to listen, go the extra mile, and underwrite difficult risks that larger, more bureaucratic insurers might turn away.”

The minimum premium is $2,500. Both primary and excess coverages are available.

ABOUT MARKEL PROGRAMS
A division of Markel Corporation, Markel Programs develops partnerships with managing general agents to offer single-source, admitted and non-admitted programs for a specific class or line of business. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. To learn more about Markel Programs, visit markelprograms.com.

ABOUT PROSURANCE GROUP, INC.
ProSurance Group was founded in the 1990s as a managing general agency for professional liability. It specializes in underwriting and marketing the more difficult lines of insurance. The Fidelity Division is headed by Dorothy Kent, an experienced senior fidelity underwriter. ProSurance Group markets through independent sub-producers and, in some cases, directly to its insureds. To learn more about ProSurance Group, visit prosurancegroup.com.

Case Study – Investment Advisor

June 13, 2010

DO YOU CARRY ENOUGH PROFESSIONAL LIABILITY INSURANCE?

As an Investment Adviser, you have been entrusted with the wealth of individuals and institutions. Clients count on you to provide personalized, unbiased advice and make informed investment decisions based on current economic and market conditions. Since you shoulder such a heavy responsibility, your professional liability protection must be exceptional.

ProSurance Group understands your insurance needs, and will provide the personalized service you deserve. We will discuss with your insurance agent or you directly what type of coverage you require and how to best design a policy that offers you maximum protection at a reasonable cost. We also offer the ERISA and surety bonds you may need.

“He was sued for malpractice as a result of the decrease in asset value, as measured in US dollars.”

Even the most responsible, skilled and experienced Investment Adviser can innocently become involved in a professional liability claim.

CONSIDER THIS REAL LIFE EXAMPLE:

An Investment Adviser invested institutional pension assets abroad. He liquidated a position and converted from Euros to US dollars. Although he correctly and promptly filed all paperwork, the liquidation was not executed in a timely manner, and in the interim the US dollar appreciated significantly against the Euro.

He was sued for malpractice as a result of the decrease in asset value, as measured in US dollars. After months in court and expensive legal fees, he paid a $2,000,000 award and his professional reputation suffered.

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Why ProSurance Group Inc.

Prosurance Group, Inc. is an organization experienced in protecting Financial Service Professionals.


We'll help you through:
  • Innovative policy terms
  • Flexible underwriting
  • Competitive financing
  • Sound financial backing
  • Responsive claims service
No One Expects To Be Sued
But as a financial professional, you and your firm could be. Clients rely on your knowledge and expertise to help them and you may be liable for any mistakes you might make. No matter how carefully you perform your job, your daily activities can put your career and financial existence at risk. At any moment, in any situation, an unhappy client can bring a complaint against you.