The Hanover Insurance Group, Inc. announced thelaunch of a new Fidelity & Crime Advantage coverage program.Offered within its management liability portfolio, the coverageprovides businesses with an enhanced product suite that helps toprotect their employees and companies against possible fraud anddishonesty.

Through the Fidelity & Crime Advantage coverage program,independent agents are able to build customized insurance programsto best serve their clients' needs.

AIG Private Client Group, a division ofAmerican International Group, introduced theinsurance industry's first risk management and mitigation servicefor residential construction projects with budgets of $5 million ormore. As part of its Smart Building effort, AIG risk expertsconsult with policyholders, contractors, architects and otherbuilding professionals during early residential constructionstages. The service's ultimate goal is to minimize risks related tonatural catastrophe, water damage, security, fire and life safetyand potential threat to fine art or other collections kept in thehome.

AssuredPartners announced that it has enteredinto an agreement to be acquired by fund advised by ApaxPartners, a global private equity firm. Under the terms ofthe agreement, although members of Assured's senior management willcontinue to have a significant equity position, funds advised byApax will hold a majority interest in the company. Upon completion,the co-founders of assured—CEO and Chairman Jim Henderson,President and Chief Operating Officer Tom Riley—along with thecurrent management team, will continue to lead the company, fromits Lake Mary, Fla. headquarters.

A new study released by Conning revealed thatas risk data becomes more widely available and as new capitalsources disrupt traditional insurers, property & casualtyinsurers are eroded by barriers to entry in their markets. TheConning study—”Innovation in Property-Casualty Insurance:Responding to a Changing Value Proposition”—explores the relevanceand value proposition of the property/casualty insurance industryas it relates to today's unprecedented challenges. It includesresponses from a variety of leading insurers, as well as scenariosfor future outcomes and solutions. For more information on thestudy call (888) 707 1177 or visit www.conningresearch.com.

CFC announced its formal partnership withBitsight Technologies. CFC will use Bitsight'sratings tool to provide unparalleled levels of insight into cyberthreats faced by their clients. As part of the partnership, CFC'sclients will receive pro-active alerts in addition to actionableinformation to mitigate risks when their security ratingsexperience significant decline. CFC's clients will access Bitsightservices as an added resource.

The American Insurance Marketing and Sales (AIMS)Society announced that since the inception of CPIAdesignation, nearly 10,000 individuals have enrolled in theCertified Professional Insurance Agent (CPIA) seminars. Currently,there are 5,400 CPIA designees across the country, an increase of17% since last year. New members of the AIMS Society board includevice president/treasurer, Robert Klinger, CPIA, LUTCF, Klinger& Associates Inc. in Germantown, Md.; and secretary, Carlos F.Vargas, CPIA, of Vargas & Vargas Insurance Agency Inc. inDorchester, Mass.

AssuredPartners Inc. announced the acquisitionof Founders Insurance Group, an independentinsurance broker that has been providing full service insurancesolutions to businesses and families in the New England region, andbeyond, for more than a century. Founders' staff and leadershipwill continue to operate from their existing locations inTorrington and Lakeville, Conn. The agency has a diverse clientele,and ranges from small firms to international corporations.