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Press Releases
Freedom Specialty to write D&O insurance
January 29, 2008
FOR IMMEDIATE RELEASE
Freedom Specialty to write D&O insurance
New D&O Underwriter Enters the Market
SCOTTSDALE, Ariz. Freedom Specialty, a Scottsdale Insurance operation, is now open for business in New York and is accepting submissions for all Directors and Officers Liability related products.
Key to the success of this new venture is the leadership of Craig Landi, craig.landi@freedomspecialtyins.com, Senior Vice President. He brings 24 years of D&O experience to the position and has formed a highly specialized and experienced core team. It consists of Kenneth Fekete, kenneth.fekete@freedomspecialtyins.com, Vice President of Commercial D&O; Thomas Iorio, thomas.iorio@freedomspecialtyins.com, Vice President of Financial Institutions D&O; and Jonathan Schmiegel, jonathan.schmiegel@freedomspecialtyins.com, Underwriting Director, Commercial D&O.
“We are creating a premier D&O and E&O operation to be known as a product innovator providing expert solutions. Coupled with our strong customer service focus, it will help us reach our goal of being a market leader in specialty liability insurance,” Landi said.
Additionally, Scottsdale’s A+XV rating provides the financial strength and stability customers want and deserve. Scottsdale Insurance Company is a wholly owned subsidiary of Nationwide Mutual Insurance Company, headquartered in Columbus, Ohio.
Freedom Specialty will start in New York City, with plans to open offices in Chicago and San Francisco, Landi added. For now, he said, “We are open and ready to do business.”
To learn more about Freedom Specialty and to access downloadable forms, visit freedomspecialtyins.com, or call 212-329-6908 to speak to an underwriter.
Freedom Specialty
p: 212-329-6900
f: 212-329-6990
tf: 888-800-0147
Freedom Specialty Teaming with Lee & Mason Financial Services
March 18, 2008
FOR IMMEDIATE RELEASE
Freedom Specialty Teaming with Lee & Mason Financial Services
Collaboration to write Insurance Agent and Broker professional liability coverages
SCOTTSDALE, Ariz. Freedom Specialty, a Scottsdale Insurance Company operation, is partnering with Lee & Mason Financial Services, Inc. to offer one of the most comprehensive programs for Insurance Agents Errors and Omissions in the marketplace.
“We are delighted to partner with an organization of the quality and strength of Freedom Specialty,” Lee & Mason Financial Services Senior Vice President Ray Wahl said. “Having the support of this program-oriented operation that also brings the customer focus and A+XV rating of Scottsdale Insurance is a tremendous opportunity for us.”
Craig Landi, Freedom Specialty Senior Vice President added, “We look forward to combining our financial strength with Lee & Mason’s underwriting expertise to effectively address the E&O needs of Property and Casualty Agents, Life/Health Agents, Wholesalers, MGA’s and Program Administrators.”
Insurance Agents E&O with limits of up to $5 million are available on either a primary or an excess basis and minimum premiums generally start around $4,000 ($7,500 in CA and TX). Coverage will be available on an admitted basis in most states.
For further information about Insurance Agents and Brokers Professional Liability coverages, contact Linda Blechman at Lee & Mason at 860-677-0500 ext 404 or visit www.leeandmason.com.
About Freedom Specialty
|Freedom Specialty is a premier New York based Scottsdale Insurance operation providing superior risk management solutions and personalized service in specialty liability insurance.
Freedom Specialty benefits from Scottsdale's A+XV rating to provide the financial strength and stability their customers expect and deserve. Scottsdale Insurance Company is a wholly owned subsidiary of Nationwide Mutual Insurance Company, headquartered in Columbus, Ohio. Visit www.freedomspecialtyins.com to learn more about Freedom Specialty, or call John Lopes at 212-329-6925.
About Lee & Mason
Lee & Mason Financial Services, Inc. is a leading provider of both Insurance Agents Errors & Omissions and Miscellaneous Professional Liability coverages. With more than 90 years of combined underwriting experience, they have the expertise to offer coverage customized to the individual needs of each insured.
Lee & Mason operates as a full-service program administrator, handling underwriting, quoting and binding, policy issuance, premium collection and complete claim reporting.
Freedom Specialty
p: 212-329-6900
f: 212-329-6990
tf: 888-800-0147
Freedom Specialty Opens First San Francisco Office
February 10, 2009
FOR IMMEDIATE RELEASE
Freedom Specialty Opens First San Francisco Office
SCOTTSDALE, Ariz. Freedom Specialty, a premier New York based Scottsdale Insurance operation providing superior risk management solutions and personalized service in specialty liability insurance has opened its first branch office in San Francisco.
“To provide the specialized D&O and E&O insurance solutions our customers expect, we knew we wanted to open additional offices where our customers are based,” Freedom Specialty Senior Vice President Craig Landi said.
The San Francisco office is led by Associate Vice President Jennifer Law (Jennifer.Law@FreedomSpecialtyIns.com).
“I’m looking forward to serving our west coast customers. Being in the same time zone will make it much easier for them to get the information they need when they need it,” Law said.
To learn more about Freedom Specialty and to access downloadable forms, visit www.freedomspecialtyins.com, or call our New York office at 212-329-6900, or our San Francisco office at 415-517-6113.
About Freedom Specialty and Scottsdale Insurance Company
A wholly owned subsidiary of Nationwide, Scottsdale Insurance Company (ScottsdaleIns.com) benefits from the backing of one of the largest insurance and financial service providers in the United States, an A.M. Best Rating of A+XV (superior) and a Standard & Poor’s “A” rating. Freedom Specialty is a premier New York based Scottsdale Insurance operation providing superior risk management solutions and personalized service in specialty liability insurance.
Freedom Specialty Insurance Company names Teresa Black Commercial D&O VP
May 11, 2010
FOR IMMEDIATE RELEASE
Freedom Specialty Insurance Company names Teresa Black Commercial D&O VP
NEW YORK. -Teresa Black has recently joined Freedom Specialty Insurance Company as Commercial D&O Vice President.
“I'm very excited to be part of this growing and dynamic organization,” Black said. “I think Freedom Specialty is well positioned to take advantage of opportunities in the Commercial D&O market.”
Black has more than a decade of experience underwriting Directors and Officer Liability Insurance for Reliance National, The Hartford and most recently ACE USA. She has a BA in Economics from The State University of NY at Binghamton and a MBA with an emphasis in finance from The Stern School of Business at New York University.
“Teresa is a highly respected performer in the industry and we are thrilled to have her as part of our team,” said Freedom Specialty Senior Vice President Craig Landi.
About Freedom Specialty
Freedom Specialty Insurance Company represents a wealth of experience in Specialty Liability insurance, providing solution expertise, dynamic innovation, and decisive responsiveness to the needs of their clients. Backed by Nationwide's® A+ XV rating. The company's financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. Visit www.freedomspecialtyins.com to learn more about Freedom Specialty.
Freedom Specialty Insurance Company® (FSIC) Teams with MGIS Underwriting Managers, Inc. (MGIS) to Offer Medical-Professional Liability Insurance Coverage
October 4, 2010
FOR IMMEDIATE RELEASE
Freedom Specialty Insurance Company® (FSIC) Teams with MGIS Underwriting Managers, Inc. (MGIS) to Offer Medical-Professional Liability Insurance Coverage
NEW YORK, NY. - Freedom Specialty Insurance Company recently partnered with MGIS Underwriting Managers, Inc. (MGIS) to offer medical-professional liability insurance, a specialized policy built exclusively for physicians.
“We continue to grow our product base in the specialty liability market as evidenced by our partnership with MGIS.” said John Lopes, Vice President Programs at Freedom Specialty. “Freedom Specialty brings specialized and comprehensive coverage, while MGIS is known for their physician-focused underwriting expertise. Ultimately, the true winner is the physician.”
The Freedom policy offers broad coverage provisions for physician groups of all sizes and benefits from the backing of Nationwide®, one of the largest insurance and financial service providers in the United States. The admitted policy will offer coverage on a claims-made basis with limits up to $1,000,000 per claim, $3,000,000 annual aggregate.
“MGIS specializes in developing premier products that fit the unique needs of physicians,” said Joe Sadowy, Vice President of Sales and Marketing at MGIS. “With Freedom Specialty, we've crafted medical-professional liability insurance to effectively address and protect a physician's reputation and assets.”
Freedom and MGIS believe physicians with the best risk deserve and expect broad coverage, expert defense, and competitive pricing.
About Freedom Specialty
Freedom Specialty Insurance Company represents a wealth of experience in Specialty Liability insurance, and provides solution expertise, dynamic innovation, and decisive responsiveness to the needs of their clients. Backed by Nationwide's® A+XV rating, the company's financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. (Coverage is underwritten by Scottsdale Indemnity Company in some states). Visit freedomspecialtyins.com to learn more about Freedom Specialty, or call John Lopes at 212-329-6925.
About MGIS
MGIS Underwriting Managers, Inc. provides specialty medical-professional liability underwriting and administration services in select states. MGIS is a wholly owned subsidiary of The MGIS Companies, whose various operating companies provide specialized Group Disability Insurance and Medical-Professional Liability Insurance. The MGIS Group Disability policies are backed by Sun Life Financial, one of the largest and highest-rated insurance companies in North America. With a rich tradition of service excellence, MGIS works hand in hand with local brokers and benefit advisors and has served more than 8,000 physician groups, 800,000 group members, and 135,000 physicians since 1969.
S&P affirms Nationwide®'s A+ Financial Strength and Upgrades Outlook to “Stable”
July 15, 2011
FOR IMMEDIATE RELEASE
S&P affirms Nationwide®'s A+ Financial Strength and Upgrades Outlook to “Stable”
NEW YORK, NY. - Freedom Specialty Insurance Company is pleased to announce that Standard & Poor's (S&P) affirmed Nationwide's A+ financial strength rating and revised its outlook to stable. In its annual review of the company, S&P noted that Nationwide continues to benefit from a strong competitive position and brand awareness. S&P's improved outlook for Nationwide includes the company's very strong capital position, its strong enterprise risk management (ERM) program, and diversified earnings.
“Backing from Nationwide gives Freedom Specialty a unique advantage thanks to its financial strength and stability as one of the top P&C insurance companies in the United States” said Craig Landi, Senior Vice President, Freedom Specialty Insurance Company. “The recent upgrade in the outlook reflects all the hard work and improved performance that has taken place despite challenging economic times.”
S&P also affirmed a separate standalone rating of “Strong” for Nationwide's ERM program. In addition, Nationwide continues to maintain similar ratings from Moody's (“A1”) and A.M. Best (“A+XV”).
About Freedom Specialty
Freedom Specialty Insurance Company represents a wealth of experience in Specialty Liability insurance, and provides solution expertise, dynamic innovation, and decisive responsiveness to the needs of their clients. Backed by Nationwide's® A+XV rating, the company's financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. Visit freedomspecialtyins.com to learn more about Freedom Specialty, or call Craig Landi at 212-329-6901.
Freedom Specialty Insurance Company® (FSIC) Introduces First ChoiceSM excess policy
April 12, 2011
FOR IMMEDIATE RELEASE
Freedom Specialty Insurance Company® (FSIC) Introduces First ChoiceSM excess policy
NEW YORK, NY. – Freedom Specialty Insurance Company continues to lead the market and offer a competitive advantage to Specialty Liability Insurance Brokers with its new First ChoiceSM excess policy. The form is transparent and streamlined—no unnecessary terms and conditions. Customers will be confident because the terms match the primary—there’s no need to renegotiate for excess layers.
Some of the specific policy features include the following:
- Policy follows "Followed Policy," easy to ensure terms match the "Followed Policy"
- Reduction or Exhaustion of Underlying Limits coverage section includes wording for payment by "Underlying Insurer," "Insured" and "DIC Insurer"
- No Discovery Provision, policy will use the terms of the "Followed Policy"
- No Termination or Cancellation provision, terms as per "Followed Policy"
- No Pending and Prior Litigation Exclusion, policy will use the language of the "Followed Policy"
- Policy can sit above any of our products—directors & officers, fiduciary liability, private equity, asset management and other management and professional liability coverages
- Up to $20 million in available capacity
“We listened to our brokers and were able to respond to their needs with a solution that allows them to place excess business quickly and easily,” said Craig Landi, Sr. Vice President, Freedom Specialty Insurance Company.
About Freedom Specialty
Freedom Specialty Insurance Company represents a wealth of experience in Specialty Liability insurance, and provides solution expertise, dynamic innovation, and decisive responsiveness to the needs of their clients. Backed by Nationwide®’s A+XV rating, the company’s financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. Visit freedomspecialtyins.com to learn more.
Freedom Specialty Insurance Company Names John Merchant Director of Network Security, Data Privacy and Technology Risk
September 21, 2011
FOR IMMEDIATE RELEASE
Freedom Specialty Insurance Company Names John Merchant Director of Network Security, Data Privacy and Technology Risk
NEW YORK, NY. - John Merchant recently joined Freedom Specialty Insurance Company as Director of Network Security, Data Privacy and Technology Risk. John reports to Teresa Black, Vice President, Commercial D&O Liability. In his new role at Freedom Specialty, John will manage the development, underwriting and risk management of Cyber Liability products.
“Freedom Specialty made a mark on the management liability market from the day it started,” said John. “I’m excited to have a pivotal role in the development of cyber liability for such a dynamic and forward-thinking company.”
John has more than six years of experience in Network Security and Data Privacy Liability, Technology Liability and Management Liability underwriting, and more than ten years of sales and marketing experience in the consumer products and technology industries.
Prior to joining Freedom Specialty, John worked at Hartford Financial Products as Assistant Vice President, Cyber and E&O. His department was responsible for underwriting, sales and production for all Cyber and E&O products. John is frequently invited to speak on security and privacy risk industry panels and is a valuable and credible source for numerous insurance industry publications specializing in Cyber risk.
“John has the technical background to greatly advance Freedom Specialty,” said Freedom Specialty Senior Vice President Craig Landi. “In addition to his data security and risk knowledge, John also possesses insurance industry skills and connections that make him a perfect fit for his new role, and for Freedom Specialty.”
John holds a Bachelor’s degree from The University of Connecticut.
About Freedom Specialty
Freedom Specialty Insurance Company, a subsidiary of Scottsdale Insurance Company, represents a wealth of experience in Specialty Liability insurance, and provides specialized expertise, dynamic problem-solving, and decisive responsiveness to the needs of their clients. Backed by Nationwide® and an A.M Best A+XV rating, the company’s financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. Visit freedomspecialtyins.com to learn more, or call Craig Landi at 212-329-6901.
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