Chicago-based Hub International Limited announced today that its New York City-based wholesale insurance unit, Program Brokerage Corporation (PBC), will offer its network of over 1200 producers access to Professional Liability insurance for their retail clients. Maria A. Treglia has been named to direct the initiative.
She becomes an Asst. VP at PBC, reporting to Marc I. Cohen, PBC President. Prior to joining PBC, Treglia served in various Professional Liability specialist positions with leading carriers in the industry. She is a cum laude graduate of the College of Insurance in New York City (now named the School of Risk Management, Insurance and Actuarial Science of St. John’s University) with a Bachelor of Business Administration. She is both a Chartered Property and Casualty Underwriter (CPCU) and a Registered Professional Liability Underwriter (RPLU).
Cohen indicated that the initiative represents an important expansion of PBC’s offerings to their network of agents. “Coverages such as D & O and Employment Practices Liability were once thought to be needed by only the largest organizations,” he explained. “But in today’s atmosphere of heightened scrutiny of corporate governance and extreme sensitivity to employment issues, organizations of all sizes must protect themselves from charges of improper practices. The coverages we’re arranging are complex, and only a handful of top-rated carriers sell the policies. We think that helping our producers spot opportunities to offer their clients this insurance and then placing the coverage with strong carriers fills a real need.”
“Part of our mission is to provide in-house facilities for coverages that are sometimes difficult for our network producers to sell and also to attract to PBC talented professionals with knowledge in that particular discipline,” Cohen continued. “This initiative, and naming Maria Treglia to lead it, are examples of that strategy, as was the creation of our Environmental Coverage facility in October last year. Maria has the highest professional credentials and has been in underwriting, marketing and staff management with several excellent Professional Liability carriers. She’ll not only be a valuable resource at PBC for our producers, but will also help us strengthen relationships with our insurance company partners who are targeting this business.”
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