Aon Affinity Partners with AXIS Insurance to Offer Architects & Engineers Professional Liability Program Nationwide
By Business Wire News
Aon Affinity, the consumer, association and program business of Aon plc (NYSE:AON), announced today that AXIS Insurance will be the new national program underwriter for A&E Advantage, Aon Affinity’s professional liability insurance program for architecture and engineering firms. With AXIS Insurance, the A&E Advantage program will now be able to offer coverage for architecture and engineering firms with billings up to $7.5 million.
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“Aon Affinity is very pleased to expand our relationship with AXIS Insurance to provide an outstanding professional liability solution to architecture and engineering firms nationwide,” said Bill Vit, president and chief executive officer for Aon Affinity. “Committed to empowering results for our clients, we look forward to growing our A&E Advantage program with enhanced coverage, additional limits capacity and broader underwriting eligibility.”
The A&E Advantage program, underwritten by the member companies of the AXIS group of insurance companies, offers architecture and engineering firms the following benefits:
- Design Professional Liability Insurance from a financially strong insurer. The AXIS insurance companies are rated ‘A+’ (Superior) XV by A.M. Best and ‘A+’ (Strong) by Standard & Poor’s.
- Customizable coverage for a diverse range of architects, engineers and design firms.
- No hammer clause in AXIS Design Professional Liability Insurance policy
- Supplemental Claim Expenses provided outside the policy limit at no additional cost
- Coverage for Disciplinary Proceedings Expenses and Subpoena Response Expenses
- Enterprise Security Event and Privacy Regulation Coverage
- Reputation Protection Coverage
The program will also provide an array of risk management resources focused on helping architects and engineers understand and mitigate the exposures they face.
“AXIS has an extremely strong design professionals underwriting team with an average of more than 25 years of industry experience,” said Peter Wilson, chief executive officer of AXIS Insurance. “As the new insurance carrier partner for the A&E Advantage program, we are collaborating with Aon Affinity to expand their client base and product offerings for small and midsize architecture and engineering firms. Aon Affinity has excellent service capabilities, and this program represents an effective distribution channel for accounts with $7.5 million or less in billings.”
The A&E Advantage program agreement with AXIS Insurance is effective June 1, 2015, for new business.
For more information about the A&E Advantage program, please call 877.266.4929 Monday through Friday, 8:30 AM ET to 5:00 PM ET or email the A&E Advantage team at firstname.lastname@example.org.
AXIS Insurance also serves as the national program underwriter for Aon Affinity’s Attorneys Advantage program, which provides Lawyers Professional Liability Insurance for law firms with one to 25 attorneys.
About Aon Affinity
Aon Affinity is a trade name for Affinity Insurance Services, Inc. Aon Affinity combines the specialized knowledge of affinity program management with the extensive resources of a global company to help clients achieve their goals. With an innovative approach to program strategy, from the design of products and services to the delivery of the marketing message, Aon Affinity offers full-service capabilities, technical expertise and industry knowledge to deliver value to clients. Visit www.aon.com/affinity for more information.
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 69,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, best reinsurance intermediary, best captives manager and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon’s global partnership with Manchester United.
AXIS Insurance is a business segment of AXIS Capital Holdings Limited (NYSE:AXS). AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity attributable to AXIS Capital at March 31, 2015 of $6.0 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America. Its operating subsidiaries have been assigned a rating of ‘A+’ (Strong) by Standard & Poor’s and ‘A+’ (Superior) by A.M. Best. For more information about AXIS, visit www.axiscapital.com.
The coverage highlights in this release are provided for descriptive purposes only and do not provide a complete summary of coverage. Consult the applicable insurance policy for specific terms, conditions, limits, limitations and exclusions to coverage. Coverage may not be available to all insureds and may not be available in all states and jurisdictions.
AXIS Capital Holdings Limited
Linda Ventresca, +1-441-405-2727
Kekst and Company
Michael Herley, +1-212-521-4897
Caroline Rawson, +1-215-773-4164