Exceptional Risk Advisors Blog Feed | Mahwah, NJ

Fatal Flight for Two Investment Bankers

Wed, 18 Jan 2012 10:00:00 -0500

Fatal Flight for Two Investment Bankers Shocks Community A single-engine plane on its way to Atlanta spun out of control on December 20th and burst into flames, killing all passengers on board. A licensed pilot and investment banker, Jeffrey Buckalew, was flying his family and colleague, Rakesh Chawla, to Atlanta that morning. Just 15 minutes after departure, the small aircraft spiraled out of control for unknown reasons, and crashed onto a New Jersey interstate highway. Jeffrey Buckalew, 45, led North American operations at Greenhill & Co. as Managing Director, along with Rakesh Chawla, 36. Also on board were Mr. Buckalew's wife and 2 young children, according to DealBook. Unfortunately, tragic events often highlight how critical the need is to protect a company's human capital is. CLICK HERE TO READ THE FULL DEALBOOK ARTICLE HERE

INSURANCE SOLUTIONS High Limit Accidental Death - $100M Per Insured High Limit Key Person Disability - Benefit Amoutns Exceeding $125M Per Insured
Insuring human capital risk is a critical component in protecting a company's value and to mitigate the risks associated with the loss of key executives. Few domestic life and disability insurance carriers possess the ability to underwrite large risks with high-risk exposure. Exceptional Risk Advisors, a Managing General Underwriter for Lloyd's of London, binds such coverage for insurance advisors who require access to markets that are willing to support exceptional risks and deploy meaningful capacity. Exceptional Risk Advisors provides High Limit Key Person Disability and Accidental Death insurance coverage as a prudent solution and provides a benefit to the company to stabilize financial and management structures in the event of an unforeseen event. CALL US TODAY AT 866.512.0444 FOR MORE INFORMATION

4 Executives Cheat Death in Helicopter Crash

Tue, 13 Dec 2011 09:40:18 -0500


Eskom CEO Cheats Death (With 4 Key Executives!) On September 13th, it was reported by Times Live that four Eskom key executives were traveling on business when their helicopter crashed to the ground during landing and caught fire. Eskom CEO Brian Dames, divisional executives Steve Lennon, Louis Maleka, and Senior Manager Kerseri Pather, were all on the aircraft with two pilots. Luckily, all 6 occupants managed to escape the aircraft before it burst into flames and were treated at the scene. Eskom, is the largest producer of electricity in Africa, sourcing 95% of the continent with power. This was not the first time an Eskom helicopter went down. In 2007, an employee died in a tragic crash while on the job with Eskom. Unfortunately, tragic events illuminate how critical the need to protect a company's human capital is.	CLICK HERE TO READ THE FULL TIMES LIVE ARTICLE
WHAT IF: What would happen if Eskom's CEO and executives were not so lucky? Would you have recommended Accidental Death and Key Person Disability protection?

INSURANCE SOLUTIONS High Limit Accidental Death - $100M Per Insured High Limit Key Person Disability - Benefit Amounts Exceeding $125M Per Insured Insuring human capital risk is a critical component to protecting a company's value. Last week a NYC based Insurance Advisor came to us to insure a charter flight for a leading video-game developing company that was placing four of its top executives on a single plane to the west coast and back. Within 48 hours, we issued terms, bound coverage, and issued a $100M policy to hedge against the ultimate corporate disaster. Now that the executive management team is safely back from the business trip, we are working with the advisor to engage the client in a more strategic “succession and insurance” discussion – sure to be a tremendous opportunity for 2012! Exceptional Risk Advisors provides High Limit Key Person Disability and Accidental Death insurance coverage as a prudent solution and provides a benefit to the company to stabilize financial and management structures in the event of an unforeseen event. CALL US TODAY AT 866.512.0444 FOR MORE INFORMATION

Head Injuries Sustained By Paladin CEO

Tue, 01 Nov 2011 16:28:48 -0400

HEAD INJURIES SUSTAINED BY PALADIN CEO
(Raises Uncertainty for Shareholders!)

Paladin Labs Inc. shocked the investment community and employees on August 18th with the news that its 44 year-old CEO, Jonathan Goodman, was in a cycling accident and was in the hospital due to head injuries.

An avid cyclist, Goodman regularly went on multi-hour rides; that morning he fell off his bike on a downhill slope, raising uncertainty about the company at a crucial time in its history. As one of the most profitable publicly traded pharmaceutical companies, Paladin Labs was in the midst of 2 takeover bids for Afexa Life Sciences Inc., the maker of popular flu remedy Cold-FX, and drug developing company, Labopharm.

Mark Beaudet, co-founder, declined to say whether Goodman was conscious at the hospital. Paladin's CFO, Samira Sakhia, called the sudden 6% fall in Paladin shares an unwarranted "emotional reaction" by shareholders.

The larger question is, what happens if Goodman is unable to return to his occupation? “If this goes down the road where Jonathan isn't able to come back to the business, it might [result in selling] the business," Paul Moroz said. "I hope for our sake that Jonathan recovers and they continue to run the business because it’s one of those teams and assets that as a shareholder that you want to hold for a very long period of time."

CLICK HERE TO READ THE ARTICLE
HIGHLIGHTING THE ACCIDENT

Stop and take a look at your TOP executive clients. Are they protected?

INSURANCE SOLUTIONS
High Limit Key Person Disability - Benefit Amounts Exceeding $100M Per Insured

Advisors and clients are well aware of the damage the death of a top performer or owner can cause to the business. But disability (the living death) is often completely overlooked, even though the loss, in terms of the ability to drive success for the company, is comparable to dying. Did you know disability is far more likely to occur than death during the working years*, take the case of Paladin Labs. Many insurance advisors are unaware that Exceptional Risk Advisors can issue lump sum key person disability policies in excess of $100 million dollars. Leveraging our Lloyd’s Coverholder status, Exceptional Risk Advisors underwrites high-limit Key Person disability for the highest levels of human capital risk.

When you are writing large key man life risks, don't neglect the greater risk of disability, a risk traditional insurance companies often can't or won't insure - and earn a healthy commission. Call us- Exceptional Risk Advisors - the high-limit disability and specialty life experts.
* Source: Prince, Russ Alan, Hannah Shaw Grove, Edward A. Tafaro. Unprepared for the Unthinkable. Rep. Inc. Business Owners Council, 2009.

CALL TODAY AT 866.512.0444 FOR MORE INFORMATION

Elephant Attacks Tech Guru Tom Siebel

Thu, 20 Oct 2011 13:47:48 -0400

ELEPHANT ATTACKS TECH GURU TOM SIEBEL
(And Tom Walks Away!)

It was over two years ago when Silicon Valley's tech billionaire and entrepreneur Tom Siebel decided to venture to Africa on a walking safari tour. Siebel, founder of Siebel Systems (sold to Oracle for $5.8B), was attacked and severely injured by a charging elephant in Tanzania. The raging 6 ton animal attacked the 56 year-old Siebel, goring his thigh, shattering his leg, and breaking several of his ribs.

The guide and Siebel were able to radio for assistance, but it was three hours before they received any medical treatment; followed by a 20 hour flight back to the states. During the flight home, Siebel lost two-thirds of his blood.

Siebel was lucky - most people don't survive these types of attacks. Had Siebel embarked on his safari adventure prior to or during the sale of his company, the impact to the organization would have been financially devastating. Tom was the heart and soul of Siebel Systems, and there's no hiding from the fact that an organization's success is directly tied to its key human capital executives.

All successful companies, no matter the size, have key individuals driving the success of the business. What happens when those key executives become disabled?

CLICK HERE TO READ THE FIRST-PERSON ACCOUNT SIEBEL GIVES TO FORBES OF HIS ELEPHANT ATTACK

INSURANCE SOLUTIONS
High Limit Key Person Disability - Benefit Amounts Exceeding $125M Per Insured

With 16 invasive surgeries over the last 2 years and a slow healing process, Tom Siebel is a prime example of the reality and risk of disability facing key executives. Adding High Limit Key Person Disability insurance coverage is a prudent solution and provides a benefit to the company to stabilize financial and management structures. Managing human capital risk is a critical component to protecting a company's value.

Whether your client is a C-suite executive who enjoys a wild safari, a hedge fund manager with a passion for cycling, or business owner spending time in Latin America for global expansion or just crossing the street in New York City, Exceptional Risk Advisors, LLC is your human capital risk solution with binding authority up to $125M on any one individual for Key Person Disability insurance.

CALL US TODAY AT 866.512.0444 FOR MORE INFORMATION

Carlyle To Go Public In Volatile Market

Tue, 20 Sep 2011 11:30:00 -0400

INSURANCE NEEDED: CARLYLE TO GO PUBLIC IN VOLATILE MARKET ($153 Billion in Assets Under Management) On September 6th, The Carlyle Group took a giant step toward joining an elite club: private equity giants with public stock tickers. The S-1 Filing marks a step in the evolution of the global alternative asset manager to becoming a $153 billion investment titan. It has been reported Carlyle is considering going public by the end of Q1 in 2012. The S-1 Filing discloses relatively little about Carlyle's initial offering plans and succession planning. The major equity holders, including the co-founders (David Rubenstein, Daniel D'Aniello, and William Conway, Jr.) and outside investors will be subject to lock-up agreements. There is no hiding from the fact the success of an IPO (preparing and post pricing) is directly tied to the key executives and founders. The death or disability of a top executive is a critical threat that's sure to derail even the most sought after public offering. This is an extremely large risk, but similar risks are evident among businesses of all sizes where success is based on the key executive(s). Take a moment and look at your TOP private/public clients: are they protected?	CLICK HERE TO READ FULL ARTICLE
INSURANCE SOLUTIONS High Limit Accidental Death & Dismemberment Coverage - Benefits Up To $100M Many times events trigger an immediate need for key person succession planning. Whether your client is an organization filing their S-1, a key executive who decided white water rafting was the right trip to take before their child heads to college, or a business owner who will now be spending meaningful time in South America because of business expansion, Exceptional Risk Advisors, LLC is your solution. We can bind up to $100M of Accidental Death and Accident Only Disability using a short form application to protect the more prevalent and immediate accident risk. No medical underwriting is required. Many advisors secure six months of coverage to protect their clients from the risk of an accidental death or disability while proper succession planning is completed. CALL US TODAY AT 866.512.0444 FOR ADDITIONAL INFORMATION

Exec. Director Disabled in Rock Climbing Accident

Sat, 20 Aug 2011 10:30:15 -0400

Executive Director Disabled in Rock Climbing Accident

EXTREME ROCK CLIMBING ACCIDENT EXECUTIVE DIRECTOR of AAC, 50

Avid rock climber, community leader, author, and Executive Director of the American Alpine Club, Phil Powers plummeted 70 feet during a group rock climb last May, according to Rock and Ice Magazine. Landing on his left side, he suffered extensive injuries, including broken bones, a collapsed lung, and a punctured diaphragm. Immediately, a series of surgeries ensued.

"As is common when multiple injuries are sustained, doctors are presently monitoring Powers' condition closely and acting conservatively", said a statement from AAC.

Powers, 50, has led dozens of high-risk , high altitude expeditions to South America, Alaska, Pakistan, and other locations without supplemental oxygen, making him an extreme Accidental Death & Disability candidate.

How many traditional carriers are willing or capable to write and expedite coverage for high-risk individuals like Phil?

CLICK HERE TO READ FULL ARTICLE

INSURANCE SOLUTION
Advisor Responsibility - Key Person Disability Insurance Protection
Benefit Amounts Exceeding $125 M Per Insured

Exceptional Risk Advisors has the authority to auto-bind up to $100M of Accidental Death and Accident Only Disability coverage simultaneously for individuals partaking in high-risk avocations and travel. We bind coverage for events such as race car driving, piloting, deep water scuba diving, mountain climbing, African safaris, and travel to hot zones. War risk coverage is also available for those working and living in war zones.

Coverage is often written when an immediate need surfaces, for example, an organization that has failed to complete proper succession planning, and whose key executive is leaving for an extreme rock climbing trip. Few domestic life and disability insurance carriers possess the ability to underwrite large risks with high-risk exposure inside of a tight time frame. Exceptional Risk Advisors binds such coverage for insurance advisors who require access to markets that are willing to support exceptional risks and deploy meaningful capacity.

Minntech CEO in Critical Condition After Plane Crash

Tue, 12 Jul 2011 10:30:11 -0400

Accidental Death Among Top Level Executives


CEO in Critical Condition After Plane Crash Roy Malkin, CEO and President of Minntech Corporation, sustained severe injuries last month when his privately owned single-engine aircraft crashed off the runway during takeoff. Minntech Corporation, an industry leader in developing, manufacturing, and marketing medical materials, was acquired by Cantel Medical Corporation in 2001 for $70M. At the time, the Minntech acquisition more than doubled Cantel's annual revenue. WHAT IF? What if Minntech's CEO was disabled following their acquisition by Cantel? Would you have recommended Key Person Disability as an insurance solution to their acquisition? Unfortunately, tragic events often illuminate how critical the need to protect a corporation's human capital.		CLICK HERE TO READ FULL ARTICLE STOP And Take A Moment To Look At Your TOP Corporate Clients...Are They Protected?
INSURANCE SOLUTION Advisor Responsibility - Key Person Disability Insurance Protection Benefit Amounts Exceeding $125 M Per Insured If Malkin is permanently disabled and cannot return to work, how will Minntech fund replacing him? Are they responsible to repurchase his stock? How will they pay their next expert a recruiting bonus? In succession planning, we often see insurance practitioners using life insurance as a tool to mitigate the risks associated with the loss of a corporation’s key executives. While advisors understand the risk of disability to a person is as great as 3X the risk of death during their working years, Key Person Disability insurance is often neglected, as many are unaware of the benefit limits available. With coverage for exceptional risks, and benefit amounts above and beyond what traditional disability and life insurance companies offer, Exceptional Risk Advisors, LLC can design, underwrite, and bind up to $125 million of disability insurance per insured. Protect your clients and call us today for complimentary capabilities presentation. Call Today At (866) 512-0444 For More Information Expect the Exceptional™

YMCA CEO Hit By a Car, Now In Critical Condition

Tue, 14 Jun 2011 10:00:00 -0400


YMCA CEO Hit By a Car, Now In Critical Condition A man credited with elevating and enriching the YMCA of Greater San Antonio as its CEO for 7 years, was severely injured in a bicycling accident last week, reported the San Diego Union-Tribune. Baron Herdelin-Doherty, 51, was hit by a swerving SUV as he was cycling along the side of the highway. Mr. Herdelin-Doherty suffered severe injuries, including broken hips, ribs, and arms, and was in critical condition. In the same accident, a Sapphire Energy executive, Nick Venuto, 41, passed away at the scene, further stressing the need for comprehensive key person planning. The tragic and sudden accident has had a tremendous effect on both YMCA and Sapphire Energy. All successful companies, no matter the size, have key personnel as the foundations driving success. What happens if those rainmakers become disabled? WHAT IF? What if the company's trusted insurance advisor secured a $5 million Key Person Disability policy on Mr. Herdelin-Doherty? The YMCA would then have immediate financial resources to recruit and retain an interim CEO. Stop and take a look at your TOP corporate clients. Are they protected?		Click Here To Read Full Article
INSURANCE SOLUTION Advisor Responsibility - Key Person Disability Insurance Protection Benefit Amounts Exceeding $125 M Per Insured For Mr. Herdelin-Doherty, the risk of disability was tragically real. While many advisors utilize life insurance to mitigate the risks associated with the loss of key executives, adding High Limit Key Person Disability insurance coverage is an appropriate solution to provide a benefit to the company that can be used to cover overhead expenses, add key staff, and recruit and retain an interim CEO if needed. Key Person coverage is designed to keep business moving forward and to stabilize finances in the event a top executive suffers a disability. Managing risk on all levels is a critical component to driving and protecting company value. Exceptional Risk Advisors, a Managing General Underwriter for Lloyd's of London, can design, underwrite and bind Key Person Disability coverage with limits up to $125 million on any one insured. Call Today at (866) 512-0444 For Additional Information

Ferrero Co-CEO & Visionary Dies in Cycling Accident

Tue, 17 May 2011 11:00:00 -0400

Ferrero Co-CEO & Visionary Dies in Cycling Accident Company Faces Uncertain Future The Wall Street Journal announced Pietro Ferrero, the 47-year-old heir to the Ferrero candy-making business empire, passed away last month in a tragic cycling accident during a business trip in South Africa. The loss of the co-CEO, and heir to Ferrero, has placed a question mark over the future direction of the candy maker and its iconic brands, notably Tic Tac and Nutella. The death of Mr. Ferrero delivers a blow to Italy's biggest chocolate maker. Although he shared his position with his brother, he was "widely regarded inside the halls of Italian finance as the company's top manager", said authors Meichtry and Cohen. With his leadership, Ferrero's sales increased to $9.5 billion in 2010. Solution - What if the company's trusted advisor secured a $100 million Accidental Death policy on Mr. Ferrero for his trip to South Africa? The company would then have immediate resources to recruit and retain a successor, and allow for a smoother transition. What if this happened to your best corporate client? Are they protected?		Click Here To Read Full Article
INSURANCE SOLUTION Advisor Responsibility - High Limit Accidental Death & Dismemberment Coverage Benefit Amounts exceeding $100 M per person For Ferrero and his active lifestyle, the risk of accidental death was tragically real. While many advisors utilize life insurance as a solution to mitigate the risks associated with the loss of key executives, adding AD&D coverage is an easy solution that can be bound immediately to protect against a key person during travel. It is also an effective "stop gap" solution when a busy executive's lifestyle prohibits the ability to undertake the life underwriting process. Exceptional Risk Advisors provides corporate and personal Accidental Death and Dismemberment coverage. Coverage can include war and terrorism and benefit amounts exceeding $100 million per insured. Call Today at (866) 512-0444 for a Presentation on All of Our Solutions

Exceptional Risk Advisors LLC - One International Blvd, Suite 625 - Mahwah, NJ 07495- Phone: 866.512.0444

CEO Diagnosed w/ Cancer at a Critical Moment for IPO

Wed, 20 Apr 2011 11:00:06 -0400

CEO Diagnosed with Cancer at a Critical Moment for IPO

When Hugh Martin, CEO of Pacific Sciences, was diagnosed with multiple myeloma in January, the corporation was at a critical moment within the process of going public. Martin's company raised $260 million and the 56 year old CEO was afraid investors would abandon ship. His biggest nightmare was that all he had worked for was now at risk, "a very, very scary thought."

CBS takes a look at the effects of disability to key executives at Sara Lee, Apple, and Pacific Sciences.

What if this happened to your best corporate, public, or private client? Are they covered with Key Person Disability?

INSURANCE SOLUTION

Advisor Responsibility - Key Person Disability Insurance Protection
Lump Sum Benefit Limits to $125 M

Most advisors stress the need for life insurance, but fail to educate their clients on the risks associated with the loss of income to a disability. An informal industry survey indicates that over 65% of advisors fail to recommend corresponding disability insurance protection in conjunction with the life insurance solution; despite the chance of disability being 2 to 3 times greater than death during the working years. This puts the advisor at risk for a serious Errors and Omissions lawsuit. In an era of increased advisor responsibility teetering on the edge of professional responsibility, advisors must be increasingly aware of the risks their clients face, and how insurance products like High Limit Key Person Disability protection can help mitigate such risks. Exceptional Risk Advisors can design, underwrite and bind Key Person Disability coverage with limits up to $125 million on any one insureds.

Call Us Toll Free at (866) 512-0444 Today for a Complimentary Capabilities Presentation

3 Execs. Charged w/ Building a US Operation for a 68B Hedge Fund

Tue, 15 Mar 2011 14:42:25 -0400


INSURANCE REQUIRED 3 Key Executives Charged with Building a US Operation for a 68B Public Hedge Fund! The Man Group, a publicly traded hedge fund with roughly $68 billion under management, announced three new American-based hires, marking its first expedition into the American market. Is it possible that The Man Group failed to insure the most overlooked risk of insuring large human capital exposures? To set itself up for success in America, The Man Group strategically hired senior analysts Todd Kata and Jeremie Ho Hio Hen, in addition to the well-known Michael Callahan, formerly of the Blackstone Group, to attract notable investors with considerable capital. There is no tiptoeing around the fact that top hedge fund managers are the key to a fund's success; and the driving force in attracting new capital.		Click Here to Read Full Article
INSURANCE CONNECTION Hedge Fund Key Person Disability: Benefits up to $125 M Ochs-Ziff Management Group, LLC based in New York City stated in its 2010 10-K filing that "The success of our business depends on the efforts, judgment and personal reputation of our key partners, and the loss of these individuals could harm our business and jeopardize our relationship with our fund investors and members of the business community…which could result in a loss of substantially all of our revenue and earnings." KEY TAKE AWAY Many hedge funds are well versed in the need for key person life insurance, but disability to these young fund managers is the greater risk during their working years. Exceptional Risk Advisors can design, underwrite and bind key person disability coverage for hedge fund managers with limits up to $125 million on any one manager.

		TURNKEY MARKETING For Referral Sources Exceptional Risk Advisors was published in REUTERS HEDGEWORLD last month after developing an article for our advisor base to separate themselves in the industry and educate their CPA and attorney referral networks. "The Ultimate Hedge - Protecting a Fund Owner's Greatest Asset" details why need for Key Person Life & Key Person Disability protection for hedge fund managers is a critical risk management tool when working with unique and highly skilled talent. To obtain your own copy, click here to download a copy or call us Toll Free at (866) 512-0444 for additional information. Expect the Exceptional™

CNN's Anderson Cooper Punched in the Head in Egypt

Tue, 15 Feb 2011 01:00:04 -0500


CNN's Anderson Cooper Punched in the Head Repeatedly in Cairo, Egypt -The New York Times- Last week, protests escalated dangerously around Tahrir Square in Cairo. CNN's key anchor, Anderson Cooper, was caught up in the violence and repeatedly punched in the head while shooting coverage. The New York Times reported that Cooper and other prominent reporters were targets for deliberate attacks by supporters of President Hosni Mubarak before leaving the country. Christiane Amanpour of ABC News described in a dispatch from Cairo that the mobs "kicked in the car doors and broke our windshield as we drove away." The ABC news crew members were forced to return to the safety of their hotel.		Click Here for The New York Times Article
INSURANCE CONNECTION High Limit Accident Coverage: Benefits up to $100 M Companies often overlook proper succession planning until it has been determined a key rainmaker will enter into a hazardous activity or global zone, war risk zones included. For your clients who need an immediate solution, Exceptional Risk Advisors can bind in excess of $100M of Accidental Death & Disability with a simple 1 page application, justification of the sum insured, and premium payment. Accidental Death and Accidental Disability are great short term solutions to protect your clients with immediate succession planning needs. With a need for coverage exposed, Elite Advisors use this coverage as a lead in to the bigger need - an all-inclusive emergency succession plan constructed of Key Person Life & Disability. Remember, Exceptional Risk Advisors designs Key Person Disability programs with lump sum benefit limits exceeding $125M per insured.

Advancing Age of PE Execs Raises Succession Questions

Tue, 18 Jan 2011 11:00:00 -0500

Advancing Age of Private Equity Executives Raises Questions About Succession According to the recent Wall Street Journal article last week, "few major businesses are led by 66-year-olds who won't even hint at who will succeed them or when they might step down." For private-equity investors, the issue of succession is of growing importance as many clients trust their "Graying Barbarians" for years of good returns, but at the same time, are expressing concerns about how the firms are planning the future. Warren Buffet, in the latest issue of Vanity Fair Magazine detailed how succession "is all we talk about." "Investors care a lot about who will succeed the kings of private equity, it's a big issue," says Mario Giannini, CEO of Hamilton Lane, a firm that advises private-equity investors and makes investments in these firms. Robert Long, CEO of Conversus Asset Management, an investor in Private Equity firms, says he is avoiding firms that haven't done a good job planning succession, and is spending more time focusing on "Key Man" clauses in partnership agreements. Click Here to Read Full Article
INSURANCE CONNECTION Key Person Disability Coverage: Benefits up to $125 Million/Insured Often in our niche, we observe sophisticated insurance advisors securing large amounts of key person life and disability on key executives of portfolio companies acquired in private-equity transactions - at times overlooking to protect the ultimate rainmakers. As these "barbarians" age, PE firms shift their decision making powers to their successors to groom the next generation of rising stars. With Exceptional Risk Advisors' unique ability to provide key person disability benefits with limits up to $125 million per insured, and the focus of succession planning in the public eye, now is the time to explain to your clients how key person life and disability can be used as an effective planning tool during private-equity succession planning/transition periods. Whether you are working with private-equity firms, hedge funds, publicly or privately held businesses, or additional organizations whose success is parallel to the success of their leader(s), Exceptional Risk Advisors provides Key Person Disability coverage to protect these entities from the financial losses of a disability to their top level executives - a risk 2.2 to 3.5 times greater than the risk of death during a person's working years.

Sara Lee CEO Suffers Stroke

Tue, 30 Nov 2010 09:38:59 -0500


Sara Lee CEO Suffers Stroke Risky Business Succession Planning Earlier this year, Sara Lee Corp. announced that its CEO was taking a temporary medical leave of absence. Nearly four weeks later, the company finally disclosed that Brenda Barnes suffered a serious stroke at the age of 56 and is resigning, permanently. As grave as the situation is for Ms. Barnes and Sara Lee, it illuminates how critical a CEO's health issues are to an organization. According to research gathered from 1400 business owners, the risk of disability is as much as 3.5 times greater than the risk of death during a person's working years. (Inc. Business Owner's Council) Click Here to download the White Paper titled Unprepared for the Unthinkable, Research on the Preparedness of Business Owners in the Event of a Death or Disability. Sara Lee's investor relations website details the role of the Board of Directors' committee that will be accountable for Sara Lee's succession plan.		After Sara Lee Corporation announced CEO Brenda Barnes' permanent resignation on August 12, 2010, stock prices slumped for nearly 2 months.
Had the Board, through its committee, been prepared for a career-ending disability of their CEO, the situation may have been quite different for both its CEO and the company. It would have insured the talent who built the company's portfolio of leading brands into theglobal food and beverage powerhouse that it is today.
INSURANCE CONNECTION ERA Key Person Disability Coverage: Benefits up to $125 Million/ Insured If Sara Lee Corp. secured a Key-Person Disability contract, the company could have boasted to its stock holders about the strength of its succession plan. Sara Lee could have detailed its disability contract's design to replace lost revenue, provide significant funding for the executive recruitment of a leading industry expert, and pay the remainder of Brenda Barnes' outstanding multi-million dollar contract. Whether you are working with publicly held companies, hedge funds, private equity firms, or organizations whose success is synonymous with the success of a leader, Exceptional Risk Advisors can provide unprecedented Key Person Disability benefits to protect these entities from the financial losses of a disability to their key executives.


		Inc. Business Owners Council Announces New Member, Exceptional Risk Advisors Exceptional Risk Advisors (ERA), an industry leader in high limit specialty life, accident and disability insurance for those with extraordinary insurance needs, has joined the New York chapter of Inc. magazine’s Business Owners Council. The council lists among its member the country’s top entrepreneurs, who share their business experiences and insights. "Exceptional Risk Advisors is pleased to be part of this unique entrepreneurial community,” says Edward A. Tafaro, President & CEO. “We look forward to bringing our knowledge resources to the New York group, particularly with our company’s insurance programs which have significant value to business owners."

Wealthy Hedge Fund Manager Paralyzed

Fri, 29 Oct 2010 15:47:22 -0400


Wealthy Hedge Fund Manager Paralyzed Estimated Lost Earnings: $18 Million The jury revealed this month, Edward Petner, a successful hedge fund manager, will NOT be rewarded damages for an accident that left him confined to a wheelchair and unable to work at a job that had once earned him millions. While cycling through Connecticut, Petner reportedly swerved into a travel lane to avoid a traffic cone. Instantaneously, he was struck by a moving vehicle.The impact severed his spine. The police report states Petner wasn't traveling in the designated portion of the lane and failed to stop for a red light. The driver's attorney said, "It took a lot of courage for the jury to turn down this man who was so seriously injured." Petner's lawyer notes the jury could not get past the fact that Petner was very successful and wealthy. Married with four children, Petner is devastated by the verdict.  INSURANCE CONNECTION ERA Disability Income Coverage: Individual Benefits up to $500,000/ month We recognize that this is a tragic event. Had Petner worked with an insurance advisor who constructed his disability portfolio with Exceptional Risk Advisors, many of his financial losses could have been avoided. Assume Petner was earning $2M annually. High limit disability income coverage insures high earners up to a 60 percent income replacement ratio. In the event of a disability, our policy would have paid Petner $100K/ month for 5 years. If after 5 years an insured is deemed permanently disabled, the contract would pay an additional lump sum benefit to provide the insured with a "golden parachute" to retirement. Problem: Traditional disability carriers cannot meet the income replacement needs of ultra-high income earners. Solution: High Limit Disability Income	What About Key-Person Disability? Do you think the management company had Key-Person coverage on Petner? We know if you were the advisor, they would be exceptionally covered.

	Exceptional Risk Advisors' CEO Selected as Elite Advisor Forum Contributor Ted Tafaro has been selected to join The Elite Advisor Forum, a joint initiative created by Financial Planning Magazine and CEG Worldwide, to provide advisors with insight from top industry experts on serving affluent clients. View Full Press Release Ted will be contributing articles throughout the next year to provide advisors with a "Lloyd's perspective" across affluent markets. Topics will include unique insurance programs for Athletes, Entertainers, Business Owners, Hedge Funds, the private equity sector, Physicians and Surgeons, Attorneys, and the like. First Contribution: Derek Jeter Needs You Read Ted's Article: Derek Jeter Needs You Visit The Elite Advisor Forum

Exceptional Risk ranks 45th on 2010 Inc. 500!

Mon, 04 Oct 2010 15:02:59 -0400

Exceptional Risk Advisors ranks 45th on the 2010 Inc. 500 List for the Fastest Growing Entrepreneurial Companies in America! Thank You! It is our great pleasure to announce that Inc. Magazine has named Exceptional Risk Advisors as the 45th fastest-growing private company on the prestigious Inc. 500 list for 2010. Our team would like to take this joyous time to thank our best clients, friends, and supporters – without your business, it would prove to be impossible to grow through these challenging economic times. This tremendous achievement could not have been possible without your unwavering dedication! We uphold our passion for providing the very best in client relationships and service, as we recognize that our growth is propelled by your success. Thank you again! "As an Inc. 500 honoree, Exceptional Risk Advisors shares a prestigious pedigree with such notable alumni as Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Visa, Oracle.." said Inc. Editor Jane Berenston. "And, more than ever, this year's list is a testament to the creativity, resilience, and tenacity of America's top entrepreneurs."	View Full Press Release


Turnkey Marketing for CPA & Attorney Referral Sources In light of the Inc. 500 \| 5,000 list announcement, our team is distributing white paper Exceptional Risk Advisors coauthored with Inc. Magazine titled Unprepared for the Unthinkable. With comprehensive research on 1,400+ business owners, Unprepared for the Unthinkable measures their preparedness in the event of a disability or death of a partner. Many advisors have experienced much success after presenting this research to their CPA & attorney referral sources. We are confident that you will experience the same results. If you would like to reserve your copy, please do not hesitate to call us Toll Free at (866)-512-0444. Click here to download a copy.