QBE and Jorgensen & Company announce new agreement to provide accountants professional liability coverage

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Sep 30, 2015, 09:40 ET

NEW YORK and ALLENDALE, N.J., Sept. 30, 2015 /PRNewswire/ -- QBE North America and Jorgensen & Company, a specialist professional liability managing general underwriter, announced a joint underwriting agreement to provide Accountants and Consultants Professional Liability Insurance (APL).

"QBE is pleased to enter into this partnership with Jorgensen & Company," announced Don Allard, SVP, Specialty Programs at QBE. "This addition to the Specialty Programs unit will continue to expand our reach in providing liability coverage to accounting firms, while keeping the customer at the center of what we do," he added.

This new partnership is a continuation of QBE North America's strategy to broaden its appetite for various classes of professional liability and errors & omissions coverage, according to Commercial Errors & Omissions Product Executive and SVP, Michael Phillips. "As a specialty insurer, we are always looking to enhance our suite of product offerings designed specifically for professional firms and service providers," said Michael.

We have been able to negotiate a substantial upgrade on the quality of coverage and service provided to our members," said Rickard Jorgensen, President of Jorgensen & Company. "QBE is a very strong and innovative insurer with an experienced team of professional liability insurance specialists. With QBE as our partner-insurer, we are confident of the continued success of the CPAGold™ program." Mr. Jorgensen added, "The expertise of the management team at QBE and the loss prevention services provided by Ralph Picardi will help us anticipate and address the evolving risk exposures faced by accounting professionals."

Jorgensen & Company is the exclusive source for APL coverage to accounting firms outside major international firms. Jorgensen & Company specializes in firms of up to 50 CPAs but has the capability to underwrite larger regional firms.

The Specialty Programs unit, part of QBE Specialty, partners with MGA/MGU program administrators to underwrite management liability and professional lines for trade associations and affinity groups. QBE Specialty underwrites risks across a wide variety of industry sectors and customer segments. These include Aviation, Public Company, Private Company, Commercial Errors & Omissions, Financial Institutions, Healthcare, Media & Entertainment, Trade Credit, Surety and Inland Marine risk for appointed retail and wholesale producers.

About QBE

QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2014 of $5.3 billion. QBE Insurance Group's 2014 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 38 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's.

About Jorgensen & Company

Founded in 1994, Jorgensen & Company is a managing general agency that offers professional liability to a diverse selection of professional firms. The APL program is branded CPAGold™ and is written via the Professional Advisers' Purchasing Group, Inc. The program is offered in all states except Alaska. The program website is www.cpagold.com.

SOURCE QBE North America