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Chartis’ Growth Enterprises Division Introduces Dedicated Crime Insurance Unit

NEW YORK – January 12, 2011 – Chartis today announced the creation of a dedicated Crime Insurance Unit within its Growth Enterprises Division. This unit will be responsible for delivering quotes on exposures – such as employee dishonesty, forgery or alteration, theft of money and securities, computer fraud, and funds transfer fraud – for businesses and organizations with up to $25 million in annual sales. The Crime Insurance Unit’s underwriting team will work alongside all of Growth Enterprises’ underwriting units to help ensure customers have a complete insurance solution.

“The impact of employee theft can be especially devastating to a growing business,” said Brian Inselberg, President of Growth Enterprises. “Companies with under 100 employees typically suffer the greatest percentage of fraud, with losses in excess of $150,000.”1

“We created this new unit specifically to address these market factors,” Mr. Inselberg added. “By dedicating underwriting and service teams to this area, we can help mitigate these exposures for growing businesses while delivering exceptional customer service.”

The Growth Enterprises Division provides insurance solutions for growing businesses and organizations in the areas of management liability, professional liability, fidelity/crime, excess casualty, environmental, and accident and health, and also maintains construction, financial institutions and programs insurance practices.

For more information regarding Growth Enterprises’ new Crime Insurance Unit, please visit www.chartisinsurance.com/growthenterprises or send an e-mail to geinfo@chartisinsurance.com.

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 45 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. The risk management resources available through the www.eplriskmanager.com website are provided by an independent third party, Littler Mendelson, P.C., are subject to the Terms of Use detailed on the website and are not guaranteed by Chartis. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

Contact:
Marie Ali
212-458-2536

1 Statistics from 2010 Report to the Nation on Occupational Fraud and Abuse.