Surety solution manages workflow for underwriting, booking, and account management, enabling Aspen to focus on their producers and client relationships within their commercial surety business
WESTBROOK, ME – October 5, 2011 – Insurance Automation Group (IAG) announces that Aspen Insurance has chosen its iAutomate: Company Surety solution to help launch its commercial surety business. Aspen U.S. Insurance will use the surety platform for underwriting, as well as integrated booking and account management, as it builds its specialized commercial surety business.
“We have clear objectives for our emerging surety business, and we wanted to focus on our producers and our client relationships rather than on building a software solution,” says Michael Toppi, EVP-Chief Surety Lines Underwriter, Aspen Insurance. “Upon review of several surety solutions available in the market, it became quite obvious to our team that Insurance Automation Group and their products were best suited to meet our specific automation requirements; IAG has a strong surety platform and a robust technical team – this partnership is the right investment for our surety business.”
iAutomate: Company Surety helps surety companies streamline workflow and manage the volumes of information required to support underwriting and portfolio management needs.
“We welcome Aspen Insurance to the commercial surety business, and are pleased the company has chosen our iAutomate: Company Surety solution,” says Jeff Bucci, National Sales Manager, Insurance Automation Group. “We look forward to supporting their growth with our technology, our people, and our expertise.”
About Aspen U.S. Insurance
Aspen U.S. is a subsidiary of Aspen Insurance Holdings Ltd., a leading global insurance and reinsurance company and listed on the NYSE (AHL). Aspen U.S. writes property, casualty and specialty insurance in the U.S. on both a surplus lines and admitted basis through Aspen Specialty Insurance Company and Aspen American Insurance Company. It offers depth of underwriting expertise and the ability to assess and manage technically complex risk. Its commercial surety business was launched early in 2011. For more information, visit http://www.aspenspecialty.com.
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