Dear WNA Members,
Please review the following announcement from WNA Board/Roanoke Group Insurance. We will be sending details of implementation in the next few days. The WNA Board is excited by this opportunity for the WNA membership.
Patrick Weston, Executive Director
Announcement of Cargo Insurance Program
The Board of Directors of World Net Associates is pleased to announce a partnership with Roanoke Insurance Group Inc. to provide a cargo insurance program for association members. After reviewing several proposals, we determined the Roanoke program will best fit the needs of our membership and association.
By partnering with Roanoke, we have the comfort level of knowing we’re doing business with a firm that brings longevity and stability to our association. Roanoke is a subsidiary of Munich Re, one of the top ten commercial insurers in the world, and a member of the Munich Re Syndicate Ltd., the leading syndicate underwriting marine risks at Lloyd’s of London. These relationships along with access to expanded Lloyd’s facilities and to U.S. admitted carriers provide us with an almost limitless capacity to underwrite exposures from the most complex to the ordinary, and give us expanded global service capabilities. Roanoke has ten U.S. locations and is part of a network reaching over 120 countries that can connect you with the know-how abroad to give you a complete analysis of the risks in a foreign country and, in particular, those that are relevant to your business.
The ability to place insurance with one insurance carrier allows for competitive rates and superior rated paper. Munich Re Syndicate Ltd. is the leading syndicate underwriting marine risks at Lloyd’s of London and is rated A (Excellent) by A.M. Best with a financial size category XV ($2 billion or more).
In the coming weeks we will be working on an implementation plan. All qualifying members, domestic and foreign, will have access to the program. We expect to launch the program by mid-August or earlier if you have an urgent need for coverage. We all look forward to a long and successful relationship.
With best regards,
H. Shane Garcia, President Colleen A. Clarke, Vice President
World Net Associates Roanoke Insurance Group Inc.