Preferred Concepts Moves ezumbrella.com Coverage to Travelers and Fireman’s Fund
New York, NY (December 4th, 2014) – Preferred Concepts, LLC (www.preferredconcepts.com), a leading program underwriter and specialty insurance broker, has announced that the company’s online facility, ezumbrella.com, is moving coverage to Travelers and Fireman’s Fund effective January 1, 2015.
The combined support of Travelers and Fireman’s Fund enables Preferred to offer broader umbrella liability and improved service through its online platform, ezumbrella.com. Preferred’s long-standing industry expertise matches up perfectly with the two insurers’ reputations as leaders in small commercial business and will allow ezumbrella.com to provide superior service and broadened coverage for its retail insurance agents. New and returning agents can expect to find Preferred’s enhanced product available to them exclusively on ezumbrella.com.
“Both Travelers and Fireman’s Fund have outstanding reputations for service and responsiveness,” said Francesca D’Angelo, Executive Vice President in charge of Preferred Underwriting and ezumbrella.com business units. “They’re also industry leaders in the small commercial underwriting space, which enables us to provide agents with broader coverage and deeper expertise.”
A pioneer in online coverage, ezumbrella.com has been providing agents with the ability to quote, bind, and issue umbrella liability insurance policies since 2001. The platform offers multiple limit options for seven major industries including hospitality, manufacturing, real estate, restaurant, service, and wholesale.
About Preferred Concepts
Founded in 1989, Preferred Concepts, LLC is a leading insurance program underwriter and wholesale broker. The company is backed by Stone Point Capital (Trident III, L.P.), a global private equity firm with over $9 billion in committed capital. The company’s operating divisions include Preferred Concepts, the program administrator; Preferred Underwriting, the program underwriter; Preferred Brokerage, which provides wholesale brokerage services; and ezumbrella.com, an online umbrella liability program. The company has offices in New York, NY; Springfield, NJ; and Westport, CT. To learn more, visit www.preferredconcepts.com.
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home, and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $26 billion in 2013. For more information, visit www.travelers.com.
About Fireman’s Fund
As a premier property and casualty insurance company, Fireman’s Fund has protected the future for its customers for more than 150 years. With innovative products backed by superior claims and risk management solutions, Fireman’s Fund is a leader in high net worth, entertainment, and commercial insurance. Fireman’s Fund is a member of the Allianz Group – one of the world’s largest insurance providers – and has a strong financial foundation. For additional information, visit www.firemansfund.com.