NEW YORK and LOS ANGELES, March 01, 2017 (GLOBE NEWSWIRE) — Continuing to bring innovative risk management and compliance solutions to market, Frenkel & Company has launched an insurance program for the small-cap and privately held company marketplace.
The new program, called Frenkel Advantage, delivers insurance products for Directors & Officers (D&O) Liability Insurance , Cyber Liability, and other risks to well-run companies in this segment. The program, underwritten by Great American Insurance Group, is the first of its kind to meet the needs of this underserved market segment.
Frenkel Advantage is available to private and public companies with market capitalizations up to $300 million. This unique program allows companies to improve risk control and contain costs. Unlike the traditional market for D&O and other coverages, the Frenkel Advantage application and underwriting processes help to streamline delivery to clients joining the program.
Frenkel Advantage clients can also benefit from Frenkel’s association with Wells Compliance Group, which takes a holistic view of reporting compliance and risk management. Among its services, Wells Compliance Group provides a web-based platform that allows companies to generate SEC reports (10-K, 10-Q, etc.) quickly and efficiently. Wells Compliance clients purchasing D&O insurance through Frenkel Advantage will enjoy competitively priced D&O premiums that recognize their investment in compliance and risk management.
About Frenkel & Company
Founded in 1878, Frenkel & Company is a full service, international insurance brokerage. Independent and privately held, Frenkel is among the 50 largest insurance brokers in the United States.
About Wells Compliance
Wells Compliance Group is a technology-based services firm supporting the financial reporting needs of emerging growth and small-cap, publicly traded companies, and privately held firms whose lender, investor or shareholder base requires timely, periodic, GAAP-compliant financial reporting. Wells Compliance’s proprietary software, ‘Financial Accounting Compliance Technology System’, or “FACTS”, is a web-based solution that simplifies data gathering and eliminates the need for clients making their own entries into the accounting ledgers. FACTS makes available to management, auditors and stakeholders an innovative way to truly understand their company’s real time financial condition. Wells Compliance Group is based in Los Angeles and provides services on a flat fee basis for periodic reporting, and a menu basis for transition and transaction-based projects.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years (most recent rating evaluation of “A+” (Superior) affirmed May 12, 2016). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
Coverage description is summarized. Refer to the actual policy for a full description of applicable terms, conditions, limits and exclusions. Products are underwritten by Great American Insurance Company, an authorized insurer in all 50 states and DC. 301 E. Fourth St., Cincinnati, OH 45202.
For more information on the features and benefits of this program, contact:For Insurance Inquiries:Frenkel & CompanyPeter A. Flynn EVP (212) 488-0200www.frenkel.comFor Compliance & Reporting Inquiries:Wells Compliance GroupDavid R. WellsFounder and CEO(310) 800-7175www.wellscompliance.com