Allied North America Creates New Business Division

Jericho, N.Y.-based Allied North America, a nationwide risk and insurance brokerage firm for the construction industry, has announced the creation of Allied Risk Solutions LLC, a new division which will focus on providing clients with highly advanced solutions, special projects, industry consulting, unique situation programs, and creating and/or recommending captives and wrap-ups.

Allied Risk Solutions will be headed by Lauren M. Gregory, who was formerly senior vice president at Allied North America. Gregory has over 20 years of risk management experience and was a 22 year veteran at the Metropolitan Transportation Authority (MTA) of New York, where she last held the position of director of Risk & Insurance Management. Allied Risk Solutions and will be based at company headquarters in Jericho, N.Y., with Gregory reporting to Henry Lombardi, president and chief operating officer of the Allied Group of Companies.

“This new division will provide our clients with the best possible advanced risk management solutions available by thinking outside-the-box and taking a strategic view of potential risk to support their business objectives,” says Gregory. “We will also be able to assist our sister divisions at Allied North America with regards to the utilization of new or expanded risk management financing techniques, such as captive insurance companies, and to develop new business opportunities.”

The bottom line is the new division will help firms within the construction industry understand and expand the use of advanced risk management techniques which in turn will help them to save money on insurance costs, according to Gregory.

Source: Allied North America