ASI » Topics » We rely on independent insurance agents, managing general agents and brokers to market our products.

This excerpt taken from the ASI 10-Q filed Nov 7, 2008.

We rely on independent insurance agents, managing general agents and brokers to market our products.

 

We market most of our insurance products through approximately 250 independent insurance agents and brokers, which we refer to as producers. These producers are not obligated to promote our products and may sell competitors’ products. Our profitability depends, in part, on the marketing efforts of these producers and on our ability to offer insurance products and services while maintaining financial strength ratings that meet the requirements of our producers and their customers. The failure or inability of producers to market our insurance products successfully would have a material adverse effect on our business and operating results. Furthermore, as of September 30, 2008, approximately 14% of our gross premiums written for our excess and surplus lines segment were produced through two producers (who focus on our construction business line). The loss of one or more of these producers could have a material adverse effect on our operating results.

 

This excerpt taken from the ASI 10-Q filed Aug 8, 2008.

We rely on independent insurance agents, managing general agents and brokers to market our products.

 

We market most of our insurance products through approximately 250 independent insurance agents and brokers, which we refer to as producers. These producers are not obligated to promote our products and may sell competitors’ products. Our profitability depends, in part, on the marketing efforts of these producers and on our ability to offer insurance products and services while maintaining financial strength ratings that meet the requirements of our producers and their customers. The failure or inability of producers to market our insurance products successfully would have a material adverse effect on our business and operating results. Furthermore, as of June 30, 2008, approximately 12% of our gross premiums written for our excess and surplus lines segment were produced through two producers (who focus on our construction business line). The loss of one or more of these producers could have a material adverse effect on our operating results.

 

EXCERPTS ON THIS PAGE:

10-Q
Nov 7, 2008
10-Q
Aug 8, 2008
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