Electr Etg Overview 011608


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Overview of Eastern Insurance Group\'s technology practice

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Electr Etg Overview 011608

  1. 1. EASTERN TECHNOLOGY GROUP An Introduction
  2. 2. AN OVERVIEW <ul><li>Who We Are </li></ul><ul><li>Our Value Proposition </li></ul><ul><li>Areas of Expertise and Technology Market Strength </li></ul><ul><li>Global Reach </li></ul><ul><li>ETG Risk Management Process </li></ul><ul><li>Risk Management Services </li></ul><ul><li>ETG Team Leaders </li></ul>
  3. 3. <ul><li>Owned by Eastern Bank </li></ul><ul><li>Ranked #71 in the U.S. by Business Insurance (2006) </li></ul><ul><li>Ranked 2 nd largest privately-held in New England (2006) </li></ul><ul><li>A collection of 300+ of the most talented risk management minds in the industry </li></ul><ul><li>Aggregated expertise by industry segmentation </li></ul><ul><li>Providing clients with superior insurance and risk management services and solutions </li></ul>WHO WE ARE
  4. 4. EASTERN BANK <ul><li>Headquartered in Boston, Eastern Bank is New England’s largest independent, privately-held, mutually-owned bank </li></ul><ul><li>$6.8 billion in assets </li></ul><ul><li>1,700 talented employees </li></ul><ul><li>74 Greater Boston area branch offices </li></ul><ul><li>Dedicated to community involvement and service </li></ul><ul><li>Providing sophisticated banking, investments, credit and cash management solutions </li></ul>
  5. 5. CHARITABLE FOUNDATION <ul><li>Mission is to contribute meaningfully to the health and vitality of eastern Massachusetts communities </li></ul><ul><li>Financial support provided to selected non-profit organizations including: </li></ul><ul><ul><li>social services </li></ul></ul><ul><ul><li>affordable housing </li></ul></ul><ul><ul><li>health care </li></ul></ul><ul><ul><li>support for families and children </li></ul></ul><ul><li>Eastern Bank commits 10% of its annual net income to the Foundation; over $9 million in ’07 alone </li></ul><ul><li>Current market value of the foundation exceeds $52 million </li></ul>
  6. 6. OUR VALUE PROPOSITION <ul><li>Eastern Technology Group (ETG) helps clients balance the urgent need to launch innovative products, open new markets, and create strategic opportunities with the need to protect their assets and earning power </li></ul><ul><li>From seed stage through IPO to global market leadership, ETG provides an array of risk management and insurance solutions to firms in the technology, clean energy, life sciences and emerging growth industries </li></ul><ul><li>We help clients in fast-growth market segments effectively manage business risks across the full scope of their enterprise during each step in their evolution </li></ul>
  7. 7. Clinical Trials Intellectual Property Internet Liability Directors & Officers Liability International Privacy Errors & Omissions Liability Workers Compensation ETG AREAS OF EXPERTISE
  9. 9. GLOBAL REACH We Are Everywhere You Do Business <ul><li>ETG is a member partner of Globex International, an international risk management, insurance and employee benefits consultancy </li></ul><ul><li>Globex is a network of 280 partnering brokers in 129 countries worldwide </li></ul><ul><li>Guided by core values of competence, integrity, professionalism, dedication, responsibility and accountability, Globex is a collaborative alliance of leading insurance professionals </li></ul><ul><li>From Aruba to Zaire, the Globex alliance extends ETG’s reach and allows us to provide local, hands-on service to our clients anywhere they plan do business </li></ul>
  10. 10. 2. Evaluate Risk Treatments 3. Develop & Implement Programs 4. Monitor & Adjust Programs 1. Identify and Analyze Exposures to Loss THE RISK MANAGEMENT PROCESS
  11. 11. <ul><li>Risk Management Exposure Assessment </li></ul><ul><li>Audit - Risk Retention, Transfer and Finance Structure </li></ul><ul><li>Contract and Lease Review </li></ul><ul><li>Risk Financing Analysis, Marketing & Placement </li></ul><ul><li>Comprehensive Insurance Program Administration & Loss Control Services Coordination </li></ul><ul><li>Claims Management Services including 24-Hour Loss Reporting, Claims Review, IBNR Assessment, & Loss Costs Audit </li></ul>RISK MANAGEMENT SERVICES
  12. 12. ETG TEAM LEADERS <ul><li>With well in excess of 100+ years combined risk management experience, our team leaders come from the world’s largest brokers & carriers as well as the best regional shops. </li></ul><ul><li>WILLIAM J. RICHARDS, CPCU, CIC Senior Vice President </li></ul><ul><ul><li>25 years of experience; Liberty Mutual 2 years, Arthur J. Gallagher 13 years, William Gallagher Associates 10 years, and Eastern Technology Group; Salem St. College </li></ul></ul><ul><li>THOMAS A. BROWN, ARM Vice President </li></ul><ul><ul><li>17 years of experience; Arkwright Mutual Insurance Company 5 years, Aon Risk Services 5 years, William Gallagher Associates 3 years, Marsh Inc. 2 years, and Eastern Technology Group; Syracuse University </li></ul></ul><ul><li>MIKA DE YOUNG Vice President, Commercial Lines Marketing Manager </li></ul><ul><ul><li>15 years of experience; Hastings Tapley 3 years, Woodruff Sawyer 7 Years, Eastern Insurance Group 4 years; University of Massachusetts at Amherst </li></ul></ul><ul><li>ROSEMARY FULHAM, CPCU, CIC, LIA Executive Vice President, Risk Management </li></ul><ul><ul><li>30+ years of experience; National Brokerage Firm 5 years, Carlin Insurance and Allied American Insurance Agency (predecessor firms to EIG) 20 years, and Eastern Insurance Group 5 years; The College of the Holy Cross </li></ul></ul><ul><li>ROY T. GRAFTON Vice President, Commercial Claims Manager </li></ul><ul><ul><li>22 years of experience; Liberty Mutual 15 years, and Eastern Insurance Group since 2000; Nichols College </li></ul></ul><ul><li>ETG is staffed with a full complement of account service managers, technical support personnel, and claims management representatives to provide a level of service that is as unique as your business. </li></ul>