Brown & Brown Inc. today announced that Greenwich Insurance Company, XL Capital Ltd’s US- based primary insurer (Greenwich), will become the new carrier for the Lawyer’s Protector Plan (LPP) insurance program, effective as of Sept. 1, 2005. Brown & Brown and XL will be joining their respective programs together, creating one of the largest lawyers’ professional liability insurance programs in the country for law firms with one to 10 attorneys.
The LPP is a division of Brown & Brown Inc., a publicly held insurance intermediary traded on the New York Stock Exchange. The LPP began operations in 1983 and has since become one of the largest providers of professional liability insurance to small law firms in the United States. When combined with XL’s professional liability program for small law firms, the LPP program will provide coverage to over 8,000 law firms in 42 states and the District of Columbia.
Greenwich Insurance Company is a primary insurance company licensed to write property and casualty insurance throughout the United States and is a member insurer of XL Capital Ltd’s insurance operations branded as “XL Insurance.”
“We are very excited to be working with Greenwich. Our insureds will now enjoy having their lawyer’s professional liability insurance underwritten by an XL Insurance company. They also have a team with very deep expertise in lawyer’s professional liability,” said Stephen van Wert, Executive Vice President of Brown & Brown responsible for the LPP program, lawyers.protectorplan.com, in Tampa, Florida.
“We are pleased to have the opportunity to work with Brown & Brown to offer small law firms access to quality professional liability protection,” said Reina Gregorio, senior vice president of XL Insurance Select Professional underwriting unit, which will administer the program with Brown & Brown. “With our combined expertise and commitment to service, we have created a solid program that we believe will prove advantageous to our clients.”
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