SOURCE: Abacus Insurance Brokers

Abacus Insurance Brokers

February 25, 2010 11:05 ET

Abacus Insurance Brokers Selects Allianz to Expand Online Personal Articles Floater Program

LOS ANGELES, CA--(Marketwire - February 25, 2010) - Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has selected Allianz Global Corporate & Specialty (AGCS) to expand its online Personal Articles Floater (PAF) program.

The program provides monoline inland marine coverage for schedules of jewelry, fine arts, collections, antiques and other valuables on a worldwide basis.

"Working with AGCS allows Abacus to expand the PAF offering to include the entire United States," says Darren Lewin, Abacus Vice President of Programs. "We are pleased to further strengthen our relationship with AGCS with this top notched product that responds to the needs of our nationwide broker network."

"As a leading global marine insurer that provides innovative products and services, AGCS is proud to partner with Abacus, whose online platform is an example of the company's forward-thinking vision," said Mikki Williams, AGCS US Marine Head, West Region. "This affiliation will enhance the PAF program, while also providing an additional avenue to help clients access AGCS marine insurance services across the United States."

For more information about the PAF program and other online insurance products, go to www.abacus.net or contact Darren Lewin at 310-500-2302, darren.lewin@abacus.net.

About Abacus.net

Since 1998, Abacus has managed insurance programs that function entirely online. Through the proprietary abacus.net platform, brokers access specialty programs from top-tiered insurance companies. Lines and coverages from multiple carriers are assembled into a single integrated quote. The abacus.net platform performs all aspects of the insurance transaction including quoting, order placement, policy issuance and endorsing. Brokers and carrier partners benefit from substantial efficiencies, increased revenues, and cost reductions. The programs on abacus.net are written through top-tiered insurance carriers, distributed nationwide, and accessed by over 2,000 broker offices, representing over 5,000 insurance professionals. Visit www.abacus.net or contact Darren Lewin, CPA, CMA, CPCU, vice president of programs at 310-500-2302, darren.lewin@abacus.net.

About Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) is Allianz SE's dedicated brand for corporate and specialty insurance customers. AGCS (consisting of Allianz Global Corporate & Specialty AG and certain affiliated companies operating under the AGCS brand) provides insurance and risk management consultancy across the whole spectrum of marine, aviation and corporate business, including Energy, Engineering, Financial Lines (incl. D&O), Liability and Property insurance, including International Insurance Programs. See the Allianz Global Corporate & Specialty website www.agcs.allianz.com for further details.

Worldwide, Allianz Global Corporate & Specialty operates in over 150 countries through the Allianz Group network and through network partners. It employs more than 2,800 people and provides insurance solutions to more than half of the Fortune Global 500 companies, writing a total of EUR 2.9 billion gross premium worldwide annually (2008). Allianz Global Corporate & Specialty has a Financial Strength Rating of AA ('Very Strong') from Standard & Poor's and of A+ ('Superior') from A.M. Best.

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