Wednesday, August 3, 2011

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. to Advance A/E's Risk and Practice Management

XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc., the world’s leading educator, publisher, and consultant on the effective management of architecture, engineering, and construction firms, today announced a new collaborative agreement to share knowledge, develop custom research tools, analyze trends in new ways, and develop reports and educational materials to advance Architecture and Engineering (A/E) firms’ risk and practice management efforts.

According to Alex Blanco, Chief Underwriting Officer of XL Insurance’s Design Professional group, “Both XL and PSMJ have spent decades honing their expertise and insights on A/E firms’ risk management and business practice issues. This agreement is an unprecedented exchange, which comes at a time of unprecedented change, to further our clients’ efforts to not only protect their firms, but help them thrive. The synergy of XL Insurance’s Design Professional group and PSMJ will drive relevant and timely thought leadership in our service to customers and the design community.”

“Together XL and PSMJ have considerable A/E expertise and our individual areas of expertise—risk management and business practices—are closely tied,” added David Burstein, P.E., of PSMJ. “As the saying goes, two heads are better than one and in this case, the collaboration of our two firms will provide more, and enhanced, guidance and materials to help our individual and mutual clients advance their business practices.”

Customers of XL Insurance’s Design Professional group may take advantage of an immediate benefit: PSMJ is offering a special discount on new subscriptions to PSMJ’s newsletters (Professional Services Management Journal, A/E Marketing Journal, and Project Management). XL Insurance will begin authoring articles for these newsletters, starting with the October issues. This special offer features a new 18-month subscription for the standard price of a 12-month subscription, available exclusively to XL Insurance customers only through September 2, 2011. Please contact to request your new subscription.

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