New York, NY. (November 15, 2011) -- CED 1976, LLC, is now the exclusive provider of underwriting and policy servicing for a new jewelers block insurance program from the Chubb Group of Insurance Companies. The program is now offered countrywide to qualified retail agents, brokers and wholesalers.
The new program currently branded and marketed under the Jewelers unBLOCKed™ name, addresses the unique exposures of the jewelry industry, including retailers, custom designers, wholesalers, remount events, manufacturers and refiners. This new program provides broader coverage than other offerings in the marketplace.
Patricia K. Low, president and CEO of CED 1976, said, “We are extremely pleased to forge this relationship with Chubb to provide customized, client-centric insurance solutions to agents, brokers and the jewelry industry. We look forward to a long and mutually-beneficial relationship with Chubb and agents serving this underserved segment of the luxury goods marketplace.”
[componentheading]About Patricia K. Low[/componentheading]
Ms. Low has almost 30 years experience in the insurance industry. After graduating from Upsala College with a BA in History and Political Science, she began her career in 1982 with Dowell Insurance where she was promoted to President in 1989 and CEO in 1990. She is a member of numerous insurance advisory boards and holds the Chairmanship of The Fireman’s Fund; Hanover, Crum & Forster; and One Beacon Insurance Companies. Ms. Low has also served in several executive positions for PIA (Professional Insurance Agents) and was elected Director of the year in 1999. Ms. Low did her graduate business studies at Harvard University from 1999 to 2001. Ms. Low is a Principal and Director of both The Garden State Insurance Company and The Twin Oaks Insurance Company. In addition, Ms. Low is a trustee of Hackensack University Medical Center and serves on its foundation board as well as the Board of Directors for The Roar Foundation. Ms. Low consults for JP Morgan Private Bank and Brown Bros Harriman amongst other renowned Wall Street firms.
CED 1976, a certified Women Business Enterprise, is a New Jersey-based managing general underwriter of jewelers block and other innovative and competitive insurance programs internationally. Jewelers unBLOCKed™ personnel have more than 20 years of experience underwriting and servicing jewelers block risks.
Chubb Custom Market, Inc., a wholly-owned subsidiary of The Chubb Corporation, develops and markets a broad range of specialized admitted and non-admitted insurance coverage and programs on behalf of members of the Chubb Group of Insurance Companies. In addition to general casualty, property, excess liability, environmental and inland marine coverage tailored to the needs of a variety of customers, Chubb Custom Market specializes in insuring energy, entertainment, life sciences and recreational marine risks. The unit's products are written on a retail or wholesale basis through program managers and other Chubb-appointed agents and brokers.
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia.
[componentheading]About Luxury Brand Group[/componentheading]
Established in 2004, Luxury Brand Group (LBG) is a full service brand communications agency with offices in Southern California and New York City. LBG truly understands the fine jewelry industry and luxury consumer, and is respected for its results-oriented, hands-on approach to luxury marketing. The highly talented team has a proven track record of increasing awareness through innovative and compelling brand recognition programs. Agency President and CEO, Frank Proctor, has more than 25 years experience in the fine jewelry and luxury industries. As the former VP of Marketing of Platinum Guild International (PGI), he and his team were key to platinum’s surge in popularity in North America over the last fifteen years, growing the market by more than 2000% in just a 10-year span.