Great American Insurance Partners with Synergy Professional Associates to Offer New Fiduciary Liability Program

Great American Insurance Group's Executive Liability Division (ELD) announced the appointment of Synergy Professional Associates as National Production Coordinator for Multi-Employer / Taft-Hartley Plan Fiduciary Liability Insurance.

Great American said that its ELD has been providing management liability insurance for over two decades. Its Multi-Employer Plan Fiduciary Liability Underwriting Unit was organized in 2005 and is focused on addressing the personal liability of management and labor union-appointed fiduciaries of multi-employer trust funds.

Myles Alonzo will direct the program's marketing efforts. Alonzo joined Synergy in 2009 after having demonstrated the ability to profitably underwrite and market this highly specialized product with several major carriers specializing in this class. Great American said that he has a reputation in the marketplace of providing excellent service to the brokerage community.

"Our relationship with Synergy offers independent agents additional expertise in helping their clients manage the unique needs of Taft-Hartley Plan fiduciaries," explains Ryan FitzSimmons, Underwriting Manager, "and provides Great American the opportunity to more effectively grow this segment of our business. Brokers who utilize the program can expect to receive new and improved rates and coverages while continuing to enjoy the same exceptional service ELD is known for."

Ira J. Dawer, CPCU, RPLU and President of Synergy, also said on the program's value proposition: "Great American's financial strength and claims expertise coupled with Synergy's extensive knowledge of the marketplace and the Pension Protection Act of 2006 make this partnership an excellent strategic resource for brokers representing clients in this niche."

Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed, indexed and variable annuities and a variety of supplemental insurance products.

Synergy Professional Associates is a Managing General Agent & Surplus Lines Broker specializing in Professional Liability and Association programs.

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