Segal Expands and Renames Fiduciary Liability Insurance Practice
Mary L. Feldman
Senior Vice President, Public Affairs
NEW YORK (1/3/13) – Joseph A. LoCicero, President and CEO of The Segal Group, Inc., has announced that Segal’s Fiduciary Liability Insurance Practice has been incorporated as a subsidiary of The Segal Group, Inc., and named Segal Select Insurance Services, Inc.
Mr. LoCicero said, “Segal’s Fiduciary Liability Insurance Practice is nationally known and highly-regarded for its expertise in protecting plan sponsors. Under the leadership of Brian Smith, the group has achieved a national reputation for bringing creative and innovative solutions to help manage risk, for working with carriers to enhance and improve coverage terms, for negotiating to hold down premium prices and for assisting with claims management.”
Mr. LoCicero also announced that Mr. Smith has been named Chief Operating Officer of Segal Select Insurance Services, Inc. Mr. Smith said, “Over the past 10 years, the practice has grown well beyond its original mission: assisting joint labor-management benefit plan Boards of Trustees to obtain fiduciary insurance and fidelity bond coverage under the statutory provisions of the Employee Retirement Income Security Act (ERISA). We have added expertise in providing employment practices liability insurance (EPLI) and cyber liability coverage and we have expanded our client base to provide insurance risk consulting services to Public Sector plans.”
Segal Select Insurance Services, Inc., headquartered in New York, is licensed in all 50 states and has licensed brokers in each of the firm’s geographic regions.
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Segal Select Insurance Services, Inc., the insurance brokerage subsidiary of The Segal Group, Inc., works with plan sponsors and Boards of Trustees to obtain a full range of fiduciary insurance and fidelity bond coverage as well as employment practices liability insurance and cyber liability coverage. Segal Select’s brokers are licensed in all 50 states.