News Releases

February 7, 2006

NRMC Welcomes Chubb Group of Insurance Companies as a Corporate Sustainer

The Nonprofit Risk Management Center is pleased to announce that the Chubb Group of Insurance Companies has joined the Center’s Corporate Sustainers Program. Chubb provides professional and liability insurance products and services, which include directors and officers liability, including entity liability; employment practices liability; fiduciary liability; crime; kidnap/ransom and extortion; errors and omissions liability; media liability and not-for-profit organization risk management solutions.

"Chubb has been involved with the Center since its inception as a corporate sponsor exhibitor, resource and advisor,” says Melanie Lockwood Herman, executive director. “Their increased level of involvement will make the Center’s publications, tools, training and consulting available to more nonprofit organizations across the USA.

Michael A. Schraer, vice president, Chubb & Son, and not-for-profit product manager, Chubb Specialty Insurance, says, “We are thrilled to be able to support the Nonprofit Risk Management Center and look forward to continuing to help serve the needs of the clients of this nationally recognized organization. Chubb has been serving the nonprofit market for more than 25 years and understands the unique exposures of the nonprofit community. The Center’s clients can count on Chubb to continue to provide the support they need to successfully run their organizations.”

About the Nonprofit Risk Management Center and the Corporate Sustainers Program

The Nonprofit Risk Management Center was established in 1990 to provide assistance and resources for community-serving nonprofit organizations. As a nonprofit itself, the Center is uniquely positioned to both understand and respond to questions with practical, affordable suggestions for controlling risks that threaten a nonprofit’s ability to accomplish its mission. Participants in the Corporate Sustainers Program pay an annual fee to the Center, which supports the Center’s technical assistance program and covers the cost of corporate sponsorship of the Center’s annual Risk Management and Finance Summit for Nonprofits. For more information, visit the Center’s Web site at www.nonprofitrisk.org.

About the Chubb Group of Insurance Companies

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 8,000 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia. For more information visit www.chubb.com.

For more information on the Corporate Sustainers Program, contact Melanie Herman at (202) 785-3891 or via e-mail.