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PMA Risk Control Specialist Honored
This summer, Jim Sheridan, PMA Risk Control
Supervisor for our New Jersey territory, received the American Society
of Safety Engineers (ASSE) Healthcare Practice Specialty Safety
Professional of the Year Award for 2006-2007. ASSE is the oldest and
largest professional safety organization with more than 30,000 members
who consult on health and safety matters.
Selected for his ongoing involvement with
ASSE activities, Sheridan has spent the last 20 years of his risk
control career contributing to the healthcare practice specialty. With
various industry credentials, including the ARM, ARM-P, AIS, CHSP, CSHM
and CHCM designations, Sheridan also serves as the leader of PMA's
Healthcare Team, a subset of risk control employees who specialize in
the healthcare industry. He supervises PMA's Risk Control staff in New
Jersey and provides comprehensive occupational safety, health and risk
control consultation services to large healthcare clients out of our
Mount Laurel, N.J., branch office.
PMA's VP of Specialty Markets Talks
Captives
Captives and Risk Retention Groups (RRGs)
represent two of today's most popular alternatives to traditional
insurance programs. But they can also be intricate, complex and
occasionally difficult to navigate.
Few understand that better than Ray Rocchio,
VP of Specialty Markets, a new business unit at PMA staffed with a team
of captive and alternative risk transfer experts.
Recently, Rocchio attended the 2007 Annual
Conference for the National Risk Retention Association held in
Washington, D.C. where he served as a panelist for a discussion on
operation and exit strategies for captives and RRGs. He also delivered
an A.M. Best podcast from the conference that covered creating new
captives in a soft market and why captives can be a positive alternative
to more traditional programs.
You can listen to the complete podcast on
A.M. Best's web site at
http://feeds.feedburner.com/BestdayAudio. Scroll down to the
October 11 podcast "PMA Specialty Markets Executive on Opportunities in
the Alternative Risk Market."
A Bit More About Captives, RRGs and
PMA's Specialty Markets Unit
While captives are established insurance
products that take risk on the primary losses of the businesses that own
or belong to the captive, RRGs are actually owner-controlled insurance
companies that allow members who engage in similar or related businesses
or activities to write liability insurance for all or any portion of the
exposures of group members.
To expand our focus on the growing captives
and groups/programs property/casualty insurance market, we formed a
business unit, PMA Specialty Markets. The unit is staffed by a team of
captive and groups/programs experts who work in tandem with PMA's
full-service branch offices to write captives and groups/programs
business.
As an increasing number of our agents,
brokers and clients seek alternative market insurance solutions, our
dedicated Specialty Markets Unit will further enhance The PMA Insurance
Group's ability to address those needs with customized solutions. PMA
captives and groups/programs staff are known for specialized
underwriting expertise and the ability to craft tailored programs. If
you're interested in learning more, contact your local PMA
representative.
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