The Biotechnology Industry Organization (BIO) has renewed its endorsement of the Chubb Group of Insurance Companies' life sciences program. Now in its ninth year, more than 800 biotechnology companies participate in the program, which includes general property and casualty insurance products as well as product liability and clinical trials liability insurance.
"Among property and casualty insurers, Chubb stands alone in understanding the unique needs of the biotechnology industry", said Alan Eisenberg, Executive Vice President, Emerging Companies and Business Development, BIO. "Its investment in an organizational infrastructure to respond to those needs worldwide is second to none. Our members appreciate the consistency and stability of the relationships they have fostered with Chubb."
The Chubb program represents the most utilized of the 14 BIO Business Solutions programs, which offer BIO members special benefits on a variety of products and services ranging from laboratory supplies, news distribution services and employee benefits solutions. Members of BIO or any of the 33 state or regional biotechnology associations that also endorse the program, can access Chubb's products and services through Chubb-appointed insurance agents and brokers.
Philip Fiscus, senior vice president, Chubb & Son, and worldwide Life Sciences manager, Chubb Commercial Insurance, said, "Chubb is proud to be endorsed by the preeminent biotechnology organization, and we look forward to continuing to provide customized insurance and loss-prevention services to this industry and to BIO's members around the world."
BIO represents more than 1,150 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology technologies. BIO also produces the annual BIO International Convention, the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
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 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia. Actual coverage is subject to the language of the policies as issued.
Upcoming BIO Events
- BIO CEO & Investor Conference
February 11-13, 2008
New York, NY
- Partnering for Global Health
March 10-12, 2008
Washington, DC
- BIO-Europe Spring
April 7-9, 2008
Madrid, Spain
- BIO National Venture Conference
April 22-23, 2008
Boston, Mass.
- World Congress on Industrial Biotechnology & Bioprocessing
April 27-30, 2008
Chicago, Ill.
- 2008 BIO International Convention
June 17-20, 2008
San Diego, Calif.
About BIO
BIO represents more than 1,150 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology technologies. BIO also produces the annual BIO International Convention, the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
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