Munich-American RiskPartners Announced as Leadoff Funder For the Nonprofit Risk Management Center's Corporate Sustainers Program

Business Wire, Feb 18, 2003

Business Editors

WASHINGTON--(BUSINESS WIRE)--Feb. 18, 2003

The Nonprofit Risk Management Center (Center) announces the creation of its Corporate Sustainers Program and Munich-American RiskPartners, a division of American Re-Insurance Company of Princeton, NJ, as the first participant.

The Corporate Sustainers Program aims to strengthen the ongoing dialogue between the Center and leading providers of insurance products to religious and secular nonprofits. Additionally, the program will provide resources to support the Center's core technical assistance capacity to make these agencies safer, more accountable, and better able to achieve their missions.

"Munich-American RiskPartners has been a staunch and generous supporter of the Center since 1998," says Melanie L. Herman, executive director. "Munich-American RiskPartners has been at the forefront of many other initiatives pledging its support for the regional conferences program and Nonprofit CARES(TM), risk assessment software offering customized help for nonprofit organizations. We are thrilled to unveil the new Corporate Sustainers Program with Munich-American RiskPartners as the leadoff funder."

"We recognize the importance of the Nonprofit Risk Management Center and welcome the opportunity to provide support for the Corporate Sustainers Program," said Craig Smiddy, Senior Vice President of Munich-American RiskPartners' Public and Nonprofit Group. "We believe the Corporate Sustainers Program is a key element to help the Center continue to provide exceptional service to nonprofits throughout the country", he said.

Participants in the Corporate Sustainers Program pay an annual fee to the Center. The fee covers the cost of corporate sponsorship of the Center's annual Nonprofit Risk Management Institutes that attracts risk managers from across the country and other countries, and supports the Center's technical assistance program.

The Nonprofit Risk Management Center is a nonprofit organization serving nonprofits. The Center specializes in tools, advice and training for nonprofit organizations throughout the United States. The Center's mission is to meet the risk management and insurance needs of community-serving organizations through research, education and advocacy.

Since 1990 the Center has provided free technical assistance to 501(c)(3) organizations on a wide range of risk management subjects through a call-in service and complimentary newsletter. An e-news publication was added to the program one year ago. The Center responds to nearly 1,000 questions and requests for advice and assistance annually and prides itself on quick turn-around. The technical assistance service has grown increasingly popular since the Center added an "Ask a Question" feature to its Web site: www.nonprofitrisk.org. More than 12,000 nonprofit executive directors and senior managers receive the Center's printed newsletter, and the subscriber list for the e-news continues to grow, now reaching more than 5,000 individuals.

Munich-American RiskPartners, a division of American Re-Insurance Company, focuses on the needs of alternative market clients which include corporations, public entities, nonprofit organizations, educational institutions, associations, affinity and risk retention groups, state funds, and other non-traditional reinsurance clients who participate in risk sharing. Working with its clients, Munich-American RiskPartners develops customized risk transfer, risk sharing and risk management solutions. For more information about Munich-American RiskPartners, contact Christine Skurbe at (609) 243-5558 or visit www.mariskpartners.com.

For more information on the Corporate Sustainers Program, contact Melanie Herman at (202) 785-3891 or Melanie@nonprofitrisk.org.