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Press Release:

Allied North America Creates New Business Division Aimed at Highly Advanced Insurance Solutions

Allied Risk Solutions Brings New Outlook to Construction Insurance Industry

8/14/2006 Allied North America, a leading risk and insurance brokerage firm for the construction industry, has announced the creation of Allied Risk Solutions, LLC, a new division which will focus on providing clients with highly advanced solutions, special projects, industry consulting, unique situation programs, and creating &/or recommending captives and wrap-ups.

Allied Risk Solutions will be headed by Lauren M. Gregory, who was formerly Sr. Vice President at Allied North America. Gregory has over 20 years of risk management experience and was a 22 year veteran at the Metropolitan Transportation Authority (MTA) of New York, where she last held the position of Director of Risk & Insurance Management. Allied Risk Solutions will be based at company headquarters in Jericho, NY, with Gregory reporting to Henry Lombardi, President and Chief Operating Officer of the Allied Group of Companies.

“This new division will provide our clients with the best possible advanced risk management solutions available by thinking outside-the-box and taking a strategic view of potential risk to support their business objectives,” says Gregory. “We will also be able to assist our sister divisions at Allied North America with regards to the utilization of new or expanded risk management financing techniques, such as captive insurance companies, and to develop new business opportunities.”

"Lauren’s expertise has proven to be an essential resource for Allied and its clients,” states Lombardi. “Her remarkable knowledge of the industry and creative take on what best suits our clients is what sets Allied Risk Solutions apart, and I am certain that what this new division accomplishes within the industry will set new standards for client service.”

“The bottom line is the new division will help firms within the construction industry understand and expand the use of advanced risk management techniques which in turn will help them to save money on insurance costs,” said Gregory.


About Allied North America
Allied North America is a full service insurance brokerage firm specializing in servicing the needs of the construction industry. Allied is currently ranked the 29th largest insurance brokerage firm in the United States, according to Business Insurance, and one of the largest independent surety and construction insurance brokerage firms in the country. Allied has offices in cities throughout North America. For more information visit us at www.alliedna.com, or call corporate headquarters at 516-733-9200.

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