NIP Group, Inc. Affirms Partnership With St. Paul Travelers
Partnership strengthens NIP Group's leadership position
as the market of choice for agents and brokers with landscaping
and arborists clients.
April 15th, 2004 — NIP Programs, a division
of NIP Group, Inc. is pleased to announce that it is continuing
its partnership with the recent St. Paul Travelers Merger. Already
an existing partner of The St. Paul Companies, NIP Group, Inc. will
now have the financial resources and expertise of the second largest
commercial insurer in the country behind it. This backing strengthens
NIP Program’s signature property and casualty program for
green industry professionals.
LandPro TreePro is among the largest and most respected national
programs for landscape and arborists. The program will continue
to be administered and marketed nationally by NIP Program’s
and will be distributed exclusively through its extensive network
of independent agents and brokers. Centralized claims, risk management
and policy issuance services will be provided by NIP Programs from
its Woodbridge, New Jersey headquarters.
"NIP Group, Inc. is excited to have St. Paul Travelers as
our partner for the LandPro TreePro program. We believe our agents,
brokers and policyholders will benefit from the knowledge and experience
that this newly merged company brings to the table. Coupled with
the NIP Programs’ team of green industry experts, LandPro
TreePro will continue to grow as the leading provider of property
and casualty insurance for landscapers and arborists," said
NIP Programs’ Vice President, Barry Wood.
In a press release regarding the merger dated April 1st, 2004,
Jay S. Fishman, Chief Executive Officer of St. Paul Travelers said,
"The combination of two industry leaders positions us to better
fulfill our commitment to serve independent agents and brokers and
our insured customers. We are excited to now move forward as one
entity that has the experience and resources of both companies,
coupled with an unsurpassed breadth of insurance products."
The LandPro TreePro program’s basic coverage includes general
liability, property, business auto, inland marine, crime and umbrella.
This program also offers a number of special optional enhancements
that have been tailored to address the specific risks that landscapers
and arborists encounter in their daily operations.
About NIP Group, Inc.
NIP Group, Inc. is specialized business insurance and risk management
intermediary ranked among the largest 125 in the United States and
provides a wide range of brokerage, underwriting and risk management
services to select market segments.
NIP Group, Inc. is structured into three complementary lines of
business; NIP Programs, NIP Group Self Insurance and NIP Specialty
Brokerage. Together these affiliated companies provide creative
insurance solutions for landscapers and arborists, physicians and
surgeons, municipalities and specialty risks in the standard and
surplus line markets.
About St. Paul Travelers
St. Paul Travelers is a leading provider of commercial property-liability
insurance and asset management services. Under the Travelers brand,
the company is also a leading underwriter of homeowners and auto
insurance through independent agents. The company has a current
market capitalization of approximately $27 billion.
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