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Itasca,
Illinois (August 9, 2006) — In the shadows of a difficult
economy and competitive insurance climate, members of Associated
Risk Managers (ARM) are coming out ahead. The nation’s
foremost agency network is thriving on its connections,
collaboration, and communication. Now with more than 300
agency members operating on national, state, and regional
levels, ARM provides marketing programs, products and services
geared toward revenue-generating opportunities—and
the numbers are speaking for themselves.
Special affiliation with Arthur J. Gallagher (AJG), the world’s
fourth largest insurance broker, has enabled access to niche
expertise, products and services that individual agencies cannot
develop on their own. Annual premium volume* has increased
substantially from $3 million at year-end 2000 to $94.3 million
at year-end 2005, increasing an average of nearly $20 million
in premiums annually. A reflection of both growing ARM
membership and the opportunities it provides, the pace is expected
to continue to $100 million by year-end 2006. |
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The
numbers are similarly favorable for ARM Finance Company
(ARMFICO), which provides financing for premiums sold by
ARM member agencies. Premiums
financed increased from nearly $80 million at year-end
2003, to $91.8 million in 2004, and reaching $98 million
by year-end 2005.
Beyond connection to products and services,
ARM membership enables other benefits including proprietary
quoting technology, cost-savings systems, and ongoing training
and education. The industry’s top leaders and organizations
have established a network across 26 states extending available
tools and resources and encouraging shared ideas and expertise.
For more information about ARM and to become part of this
growing professional membership, contact Scott Spangler
at (630) 285-4324, email scott_spangler@ajg.com or
visit www.armiweb.com.
*Annual premium volume is based on the
amount of business written through Gallagher’s retail
facilities on a co-brokerage basis and through Risk Placement
Services on a wholesale brokerage basis.
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