Plans are underway for the February 2010 launch of ThinkRisk Underwriting Agency in Kansas City, Mo.
Founded by insurance industry veterans Chad Milton, Leib Dodell and Debra McClenahan, ThinkRisk will offer underwriting and claims management services in the converging areas of media, technology, advertising, privacy and network security, specializing in errors and omissions (E&O) insurance.
Aon founder Patrick G. Ryan will serve as the company’s chairman; Milton, Dodell and McClenahan will run the day-to-day operations.
ThinkRisk will offer coverage backed by the financial strength and underwriting expertise of member companies of Great American Insurance Group, a specialty insurance provider that has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years.
ThinkRisk is being launched with the premise that its target industry segments require specialty coverages that depart from the ordinary practices of standard property and casualty markets.
As the founder and retired executive chairman of Aon Corporation, Patrick G. Ryan has more than 45 years as a leader in the worldwide insurance industry. Ryan’s investment and involvement in ThinkRisk is part of a strategy focused on providing services to insurance agents, brokers and carriers through vehicles such as managing general underwriters and wholesale brokerages.
Source: ThinkRisk Underwriting Agency, www.ThinkRiskIns.com