SAN FRANCISCO, June 24, 2008 (PRIME NEWSWIRE) -- Carpenter Moore, a wholly owned subsidiary of The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced it has been ranked the number one directors and officers (D&O) insurance broker for public companies, according to the latest annual survey by a leading professional services organization. The Towers Perrin Directors and Officers Liability Survey, now in its 30th year, also recognized Carpenter Moore as the leading D&O broker in three other categories: asset size from $400 million to $1 billion, $2 billion to $5 billion, and $5 billion to $10 billion.
This is the eighth straight year that Towers Perrin has ranked Carpenter Moore among the top D&O brokers in their survey. The 2007 survey marks the first time Towers Perrin has ranked brokers for the public companies participating in the survey. According to Towers Perrin, some 2,927 companies, including 669 public companies, participated in the 2007 survey.
"Carpenter Moore's leadership among D&O brokers reflects our unique consultative approach and commitment to finding the right type of insurance at competitive rates for our clients," said Ralph Semeraro, President of Carpenter Moore. "Our long-term relationships with all leading executive liability carriers have allowed us to support public companies in an increasingly challenging litigation environment that applies to all major industries."
The Towers Perrin Directors and Officers Liability 2007 Survey of Insurance Purchasing and Claim Trends studies the structure and cost of D&O insurance as well as the size, frequency, type, allegation and characteristics of D&O claims.
About Carpenter Moore:
As a leading executive liability risk management services provider, Carpenter Moore, a NASDAQ OMX company, offers services to public and private companies, both directly and through a premier network of regional co-brokerage partners. Through a consultative, customized, competitive and transparent approach using a team of brokers with a wide range of expertise, Carpenter Moore identifies cost-efficient insurance and risk management solutions for the board and executive teams. Earlier this year, Carpenter Moore released its first global D&O Benchmarking Report that offers unique data on the true cost of D&O insurance for public companies in different industries. For more information, visit www.nasdaq.net/dobenchmarking.
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