Why Choose All Risks: Letter from the CEO and President

As we enter 2008, we would like to take the opportunity to thank you for your support in 2007. While each and every month was challenging, our long term strategy of building an “all weather” company, able to flourish regardless of market cycle was tested and validated. In a market where many of our competitors aimed only to not lose ground, we are pleased that we managed to grow by 12%. Although this growth rate falls below our historical average and our annual target range, we believe that a number of the changes that we made in 2007 will help to propel growth in 2008 to the 20% range and our total premiums to over 900 million dollars.

 

Each of our core units experienced growth in 2007. We define our core business units as Large Account Brokerage, Contract Binding, Specialty Programs and Personal Lines. All of our business rolls into one of these four segments. We are the only wholesale operation that offers this wide range of products.

 

2007 was a year of highlights for us. We opened new offices (Orlando and Seattle) and moved one (Oakland to San Francisco). We hired outstanding new brokers and salespeople across the country. Our University and Internship programs continued to secure for us the brightest and best talen coming into the insurance industry. We now have over 500 employees in 15 offices around the country, and their focus is exceeding your expectations every single day.

 

All Risks made major investments in infrastructure in 2007 with the specific goal of providing world class support for your company. We understand that as an additional link in the delivery chain, our efforts need to be transparent to you, helping you to be more responsive to your client. This means timely processing, real time updates, and information available to you when you need it. Our focus is building the most accurate and effective service delivery platform available from any wholesale broker in the country. We will continue to invest in this area in 2008.

 

Survey responses tell us that you are looking for a partner who focuses on empowering you, by offering outstanding sales, service, and systems and the broadest market access available. In linking these four components, we hope to become your single resource for specialty and surplus lines. We will continue to request your opinion in the form of surveys in 2008- please hold us accountable so that we know where we are meeting your expectations as well as where we need to improve.

 

Again- thank you for your business. We appreciate the support and your partnership. We look forward to continuing to serve as your best resource in the surplus and specialty lines arena in 2008.

Nick Cortezi, CEO

Matt Nichols, President

All Risks, Ltd.
Corporate Headquarters
10150 York Road, Fifth Floor
Hunt Valley, Maryland 21030