WASHINGTON, June 18 /PRNewswire/ -- William Gallagher Associates and
Woodruff-Sawyer & Co. have been named as the two leading insurance brokerage
firms to the biotechnology/pharmaceutical industry by the 2000 annual
Tillinghast-Towers Perrin Directors and Officers (D&O) Liability Survey,
capturing over 75% of the industry's market share. Both firms are also the
endorsed risk management partners for the Biotechnology Industry
Organization's ("BIO") business insurance programs, including Directors' &
Officers' Liability, which BIO offers its member companies.
BIO President Carl B. Feldbaum noted the accomplishment of both firms,
"William Gallagher Associates and Woodruff-Sawyer & Co. exemplify the
commitment to the biotechnology industry that we look for in all of our BIO
partners. This joint recognition by such a prestigious survey demonstrates
the high level of expertise of both firms in working closely with biotech
firms at all stages of development."
This is the first year in which this survey has recognized a business
class industry sector for biotechnology/ pharmaceutical companies. This
year's report was based on the responses of 1,878 U.S.-based companies, the
largest response in this survey's history.
BIO represents more than 950 biotechnology companies, academic
institutions, state biotechnology centers and related organizations in all 50
U.S. states and 33 other nations. BIO members are involved in the research
and development of health care, agricultural, industrial and environmental
biotechnology products. The organization provides members with products and
services through a national member benefits program called BIO Business
Solutions, in addition to lobbying, advocacy and media work. For more
information about BIO, call 202-857-0244 or visit http://www.bio.org . For
more information about the BIO Business Solutions program, call 888-246-1728
or visit http://www.biobusinessolutions.com .
William Gallagher Associates, one of the leading independent brokerage
firms, provides insurance brokerage and risk management services to firms in
selected fast-growth industries, including high technology, life sciences,
financial services, healthcare services, energy and environmental services.
The firm was founded in 1983 and has offices in Boston, Massachusetts;
Columbia, Maryland; Princeton, New Jersey; and Paris, France. For more
information about William Gallagher Associates, call 617-261-6700 or visit
http://www.WGAins.com .
Woodruff-Sawyer & Co. is one of the largest employee-owned and independent
insurance brokerage firms in the west and a partner of Assurex International.
For more than 80 years, Woodruff-Sawyer has been partnering with clients to
provide innovative solutions for their business needs both nationally and
abroad. For more information on Woodruff-Sawyer & Co., call 415-391-2141 or
visit http://www.woodruff-sawyer.com .
SOURCE Biotechnology Industry Organization
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Related links:
http://www.bio.org
http://www.woodruff-sawyer.com http://www.WGAins.com
CONTACT:
Susan Crombie, Vice President, Marketing
Director, of William Gallagher Associates, 617-261-6700; or Ron
Peralta, Manager, Marketing Communications, of Woodruff-Sawyer &
Co., 415-399-6368
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