Wealth & Finance Finance Awards 2015

Wealth & Finance Finance Awards 2015 26 American Risk Management Resources Network, LLC Best Environmental Insurance Brokerage Firm - USA ARMR.Network, LLC is a specialty wholesale environmental insurance brokerage firm who provide expert witness and environmental risk management consulting services. The company is uniquely positioned in the insurance market place as an environmental risk resource group on a wholesale insurance brokerage platform. With over 30 years of experience in this highly complex area, we enable our retail insurance brokers and agents to compete effectively with the largest and most expensive in-house environmental resource groups in the insurance brokerage business. Company: American Risk Management Resources Network, LLC Name: David J. Dybdahl, CPCU Email: [email protected] Web Address: www.armr.net Address: 7780 Elmwood Ave, Suite 130 Telephone: 608-836-9590 Within our firm, we have the experience and knowledge to help solve any environmental risk management challenge on a global basis. Fur- thermore, ARMR staff members are fluent in English, Chinese, Swedish, Spanish, French and Russian. Our clients range from the buyers of insurance on a single underground storage tank to being insurance consultants for the US Environmental Protection Agency and the Army Corps of Engineers. We are pioneering environmental insurance products into the clean commercial property space to address the far reaching and little understood consequence of fungi, mold, bacteria and category three water exclusions. As the found- ing members of the Society of Environmental Insurance professional, a not for profit educational organization, we are also leading charge to advance the knowledge and use of environmental insurance products on an international basis. When it comes to working with our clients, we put their needs first regardless of their ability to make money in providing the assistance. In order to facilitate their needs, we have staff that are bright, self-motivat- ed to be the best and life-long students of the business. We always strive to provide the best services possible, and there are var- ious industry standard benchmarks that we compare ourselves to. The closing ratio for us on new business inquiries is 75%, whereas for the insurance brokerage industry it is less than half that number. We retain over 90% of our client’s year after year, which is twice the retention rate of most wholesale insurance brokers. Furthermore, our loss ratio (which is a measure of profitability) on the policies we place into the insurance market is less than 20%, the industry averages 65%. In our region of the US, the need for custom designed environmental insurance has never been greater. The environmental insurance market only has a 1% market penetration. Of the insurance policies sold, nine out of ten of them in some classes of business provide materially defective insurance coverage. Our future at ARMR is extremely bright for both custom designed insurance policies and expert witness work in insurance coverage litigation.