Italian Espresso Company
Assurex Global Partners Complete Insurance Program Before Disaster Strikes
An Italian espresso company maintains a global network of cafés and has complex insurance needs across multiple countries. Therefore, the company trusts Strategica Group, an Assurex Global broker based in Milan, Italy, to handle its property and casualty insurance.
When the espresso company expanded its cafés into Australia and New Zealand, Strategica Group needed to ensure the company had the right insurance coverage. So Strategica asked GSA Insurance Brokers, an Assurex Global broker based in Sydney, to help complete the global insurance program.
GSA conducted a review of the company’s cafés and business operations in Australia and New Zealand. Dedicated to finding the perfect solution for the client, GSA wrote a new insurance policy for the espresso company covering those two countries.
Assurex Global Partners Provide Local Support with an International Scope
The Magnes Group, Inc., a Toronto-based insurance broker and Assurex Global Partner, is one of the largest independent professional risk and insurance advisor to the Canadian aviation industry. With that title, Magnes holds many long-lasting, valuable relationships with its clients, including Flightexec, a firm that manages a fleet of jets in Canada.
Based in Ontario, Flightexec serves a wide variety of industries with private travel solutions for both companies and high net worth individuals. Recently, the company was preparing to lease a U.S.-registered jet to an operator in Nigeria, which included a contract with a condition that Flightexec maintain control of the insurance.
Industrial Construction Contractor
In 2013, Edmonton, Alberta, Canada-based Excel Insurance Group – an Assurex Global Partner, welcomed Sheppard Insurance Service and Risk Management into their Independent Broker Network. As part of the Excel Insurance Group, Sheppard Insurance gained access to the Assurex Global Partnership.
Just prior to the partnership, a valued and long-time client of Sheppard Insurance was looking to expand into the South Pacific and needed international insurance coverage. This client was faced with a challenge that was much more effectively supported through Assurex Global’s worldwide group of premier insurance brokers.
Local Service and Global Reach Helps Client Avoid Closing an Office
Since 2011, Amsterdam, Netherlands-based Meeùs Assurantiën B.V. has retained GEOLOG International, a globally operating company that is active in the oil and gas sector. GEOLOG is a leading global oilfield services company providing surface logging services to oil companies and integrated service providers, both onshore and offshore across more than 45 countries. GEOLOG is the largest independent international surface logging company in the world; was founded in Italy, has its headquarters in Amsterdam and has offices across the world.
Meeùs first began its relationship with GEOLOG when an International Liability Program was initiated, including local polices serviced by various Assurex Global Partners worldwide. At the end of 2014, a serious issue arose with the client’s auto coverage in its Angola office. The limit of the local auto policies appeared to be insufficient to cover the full gap up to the attachment point in the global policy as shown on the COI.
Serving with global reach
Babcock International Group, PLC is the United Kingdom’s leading engineering services organization with current annual revenue exceeding £4.5 billion. Assurex Global Partner, Griffiths & Armour, originally won Babcock’s U.K. insurance business in 2008, but when Babcock acquired Canada-based VT Group in 2010 and Avincis in 2013 – which has presence around the globe – the company had new insurance needs.
Collaboration leads to client success
A longtime client of San Antonio, Texas, USA-based Catto & Catto, Southwest decided it wanted to move forward with its first cyber liability program. Catto & Catto has provided most of Southwest’s non-aviation insurance since the airline’s early days, but it didn’t have the expertise in-house to develop and place the required coverage, so it drew on the strength of the Assurex Global Partnership.
Large financial services firm
In wake of Japanese tsunami, an Assurex Global Partner steps up
Assurex Global Partner RCM&D has a large financial services client with subsidiaries around the world – one of them is located in Japan and was impacted by the events surrounding the 2011 tsunami in Japan. RCM&D had been working with a local broker due to a previous relationship, but in the words of Karen Randazzo, vice president of RCM&D, “As hard as we tried to get the local broker and carrier to respond and advise on status, we were getting nowhere fast.”
Leader in manufacture of seals and gaskets
Serving a truly global company
A $300 million international market leader in the manufacture and supply of industrial seals and gaskets had a problem: It was dissatisfied with its current broker’s inconsistent service, sub-optimal placement of coverage, and poor support following a business interruption claim. With its operational headquarters in Texas and other offices and facilities across the world in eight countries, this company needed a broker with specific local expertise but also the ability to service its offices around the globe.
South African infrastructure provider
Partners acting as a cohesive team
Because risk management and related insurance coverage for the construction of power plants is a very complex process – beginning with avoiding double insurance and ending with coordinating complex claims handling – a major infrastructure provider based in South Africa with global operations had the need for a partnership of two insurance brokers. Collaboration between two brokers in the same network was critical so that the client did not fall between two stools.
Servicing one client in two countries with international teamwork
GS Wiring is an auto supplier with U.S. headquarters in Findlay, Ohio. They manufacture more than half of their products in Reynosa, Mexico and have started the process of building a second facility in Delores, Mexico. Despite all of this growth in Mexico, their current brokers did not have an understanding of their business and were slow to react to their needs.