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AMBROSE PLACES WORKERS’
COMPENSATION INSURANCE COVERAGE WITH ZURICH
NEW YORK, June 25, 2003 - Ambrose Employer Group, LLC announced a
new workers’ compensation insurance program with Zurich American Insurance
Company, a wholly owned subsidiary of Swiss based Zurich Financial Services
(Swiss Exchange: ZURN).
“We are very pleased to have this program with Zurich and to extend its
strength and expertise to our clients”, said Marc Dwek, the Chief Operating
Officer of Ambrose. “Even in this difficult insurance environment, Ambrose
was able to leverage its high end “white-collar” client base to bind coverage
with one of the largest and most financially secure insurance companies in
the world” said Dwek. Zurich American Insurance Company financial strength
is rated A (Excellent) by A.M. Best and A+ (Strong) by Standard &
Poor’s. Ambrose was represented by AON Risk Services in placing the
coverage.
About Zurich Financial Services
Zurich is an insurance-based financial services provider with an
international network. Its key markets are North America, the United
Kingdom and Continental Europe. Zurich offers a wide range of customized
products and services and also distributes third-party financial services
products. Founded in 1872, Zurich has over a century of expertise in
covering risks and building trust with customers. Upholding a tradition of
innovative solutions, today, as one of the world's major players in
insurance, Zurich offers its customers a broad range of insurance-related
products. Zurich is among the top five insurers in its three key markets.
It has offices in 50 countries and approximately 64,000 employees.
About Ambrose Employer Group, LLC
Ambrose Employer Group, LLC is a professional employer organization
("PEO") providing human resources, payroll, benefits services,
and human resources information systems to small and mid-size companies.
Ambrose provides health and dental coverage, 401(k) plans, payroll
processing, workers' compensation coverage, flexible spending accounts, a
host of other employee benefits, as well as regulatory and administrative
services. Founded in 1997, Ambrose serves clients in 36 states, including
corporate spinouts, financial service firms, venture backed companies,
not-for-profit organizations and business service firms. Ambrose has
offices in New York City and Boston. Additional information about Ambrose
is available by visiting www.ambrosegroup.com/
or contacting Sean Campbell, Director of Operations, at (212) 847-2303 or scampbell@ambrosegroup.com.
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