Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Register
Community Search
Sign In to Your Profile


Forgot your password?

Haven't registered yet?

Latest News
Calendar

10/3/2016
ESA of Virginia (ESA of VA) Golf Tournament

10/5/2016
WAESA Fire & Security Alarm Symposium

10/7/2016 » 10/8/2016
First Annual ESA of Missouri Conference

10/8/2016
ESA of Missouri Annual Meeting

News & Press: ESA News

Meetings Solidify Link Between SARRG, Lloyd’s of London

Monday, October 03, 2011   (0 Comments)
Posted by: Robert Ogle
Lloyd’s of London is one of the most recognizable brand names in the world, representing the highest standard in the insurance industry. While being considerably less famous as an insurance provider, Security America Risk Retention Group (SARRG) has remarkably strong ties with the British insurance provider. In early September, Lloyd’s hosted a full day of meetings at its London headquarters with Merlin Guilbeau, executive director of the Electronic Security Association (ESA); Bart Didden, SARRG board member and executive claims manager; and Richard Poling, managing director of Beecher Carlson, which underwrites insurance offered by SARRG. Those meetings solidified a relationship between SARRG and Lloyd’s that is entering its second year, and is expected to continue well into the future.

For Immediate Release

PRESS RELEASE

ESA Media Contacts
Laurie Knox
Director of Communications,
Public Relations & Marketing
Phone: (888) 447-1689 ext. 209
E-mail:LaurieK@alarm.org

Robert Ogle
Communications Specialist
Phone: (888) 447-1689 ext. 231
E-mail: RobertO@alarm.org

Face-to-Face Meetings Solidify Link Between SARRG, Lloyd’s of London
Venerable British Brand Provides Backing for Security Industry Insurance

Irving, Texas, Oct. 3, 2011 — Lloyd’s of London is one of the most recognizable brand names in the world, representing the highest standard in the insurance industry. While being considerably less famous as an insurance provider, Security America Risk Retention Group (SARRG) has remarkably strong ties with the British insurance provider.

In early September, Lloyd’s hosted a full day of meetings at its London headquarters with Merlin Guilbeau, executive director of the Electronic Security Association (ESA); Bart Didden, SARRG board member and executive claims manager; and Richard Poling, managing director of Beecher Carlson, which underwrites insurance offered by SARRG. Those meetings solidified a relationship between SARRG and Lloyd’s that is entering its second year, and is expected to continue well into the future.

SARRG was formed by ESA in 2003 as a way to offer affordable and stable insurance – including general liability and Errors and Omissions – specifically tailored to the electronic security industry. It is a "risk retention group” that is owned collectively by policyholder member companies, all from the same industry.

"It’s the only insurance program that’s backed by ESA, and is completely dedicated to this industry,” Poling said. "We know the risks better than anybody else. Companies know that we understand the business, and we’re in it for the long term.”

The bond between Lloyd’s and SARRG comes from the concept of "re-insurance.” Beecher Carlson underwrites policies issued by SARRG, Poling said, but there might occasionally be a claim that goes beyond a certain monetary threshold. That kind of claim would be handled by the resources and considerable financial backing of re-insurance provided by Lloyd’s. The result is increased security for SARRG policyholders, Poling said.

Poling said that the September visit provided a special opportunity for all parties to meet face to face. Lloyd’s isn’t just an insurance company, but a marketplace where insurance providers and customers come together to create cost-effective, risk-management relationships. So Guilbeau, Poling and Didden met with each of the SARRG-connected insurance syndicates that are part of Lloyd’s market.

It was the first time representatives from SARRG and ESA had gone to London to meet personally with insurers. Meetings started early in the morning and went well into the evening.

"Lloyd’s has all the information on paper, but they want to meet who they’re doing business with, make sure they see the same story that they’re getting on paper, and get to know us,” Poling said. "The purpose of the meeting was to make sure that Lloyd’s understands and agrees with all of our practices.”

Poling said the meetings went very well. "Now there’s a high level of understanding about what Security America is doing,” he said, "and Lloyd’s syndicate has bought into that. We have good partners who really understand the program and are willing to work with us when we need them.”

SARRG currently provides more than 800 policies for security industry companies, and has received a B++ rating from A.M. Best. Any company interested in obtaining insurance can get more information – as well as a free, no obligation quote – by calling (866) 315-3838; via e-mail at info@securityamericarrg.com; or by visiting the SARRG website at www.securityamericarrg.com.

ABOUT ESA

Established in 1948, the Electronic Security Association (ESA) is the largest trade association representing the electronic life safety and security industry. Member companies install, integrate and monitor intrusion and fire detection, video surveillance and electronic access control systems for commercial, residential, industrial and governmental clients. In cooperation with an alliance of chapter associations, ESA provides technical and management training, government advocacy and delivers information, advice, tools, and services that members use to grow their businesses and prosper. ESA may be reached at (888) 447-1689 or on the Web at www.ESAweb.org.

You are receiving this press release as a courtesy of the Electronic Security Association (ESA). If you do not wish to receive future news releases, please reply with "REMOVE" in the subject line. If you prefer to receive information in a different format, or as an attachment, or if you need additional information, please contact the Communications Department.

Electronic Security Association
2300 Valley View Lane, Suite 230 • Irving, TX 75062
Toll Free (888) 447-1689 • Local (214) 260-5970 • Fax (214) 260-5979

All content 2011© Electronic Security Association, Inc.