HOUSTON, Jan. 29, 2007 (PRIME NEWSWIRE) -- USI Southwest and Carpenter Moore, a wholly owned subsidiary of The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ), today announced an agreement to partner and provide executive liability services to public companies in Texas, Louisiana and New Mexico. The combined expertise and resources of these two leading insurance entities will assist business leaders and their boards in navigating complex liability issues.
The strategic alliance will focus on providing an array of professional services to publicly traded companies in the areas of executive liability; directors and officers liability; errors and omissions insurance; employment practices insurance and related management liability coverage, such as M&A and loss mitigation coverage.
"Typical insurance strategies are not adequate and do not resolve the many complex liabilities that key executives at today's companies face," commented Keith Martinsen, Executive Vice President for Carpenter Moore. "Business leaders and their boards need and expect advisors who can provide expert counsel regarding coverage, limit levels and allocation, corporate governance, and claims management in order to avoid unexpected liability."
Jack Wagner, President, USI Southwest, added, "We know our clients deserve and expect highly experienced business advisors. This unique alliance connects a team of dedicated, skilled individuals who put client needs first with resources that are best in class. At USI we know that if we understand our clients' business, we can anticipate and avoid potential pitfalls. By working closely with our clients, we can deliver custom-tailored, cutting-edge solutions that the institutional brokers are missing."
For additional information, please contact Jack Wagner of USI Southwest at 214-443-3160 or jack.wagner@usi.biz or Keith Martinsen of Carpenter Moore at 212-381-6457 or keith.martinsen@nasdaq.com.
About USI Southwest
USI Southwest is the regional hub for USI Insurance Services Corporation. USI is the 9th largest insurance brokerage in the United States and the top employee benefits broker in the nation. USI Southwest is a diversified insurance and financial services firm focused on a fully integrated delivery of general and specialty property and casualty insurance, risk management consulting, financial services such as employee benefits outsourcing, third party administration, and related consulting, and specialty lines to meet all insurance and financial service need of our clients.
About Carpenter Moore
Carpenter Moore Insurance Services, Inc is a wholly owned subsidiary of The NASDAQ Stock Market, Inc. and provides Executive Liability Products and Risk Management Services to publicly traded companies. Using a highly data-centric and methodical approach, Carpenter Moore is a top provider of executive risk management solutions, counting as clients over 300 public companies internationally, including more than ten percent of the companies in the NASDAQ-100 Index(r).