FOR IMMEDIATE RELEASE
MARCH 17, 2008

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Costello & Sons Insurance(CSI) Accepted into TechAssure Association

SAN RAFAEL, CA -- Costello & Sons Insurance (CSI), insurance specialists for technology companies, real estate companies and personal assets, has been accepted as a new member of TechAssure, a non-profit association of independent agencies that are specialists in serving technology and life sciences companies. Founded in 2001 by four agencies, TechAssure today is comprised of 16 insurance brokerage firms, located throughout the United States, Canada, the UK, Europe and Australia. In addition to its work with tech and life sciences companies, TechAssure is the designated program manager for the membership insurance program of The National Venture Capital Association (NVCA). Through its membership with TechAssure, CSI will now be able to provide products customized for the NVCA program.

“TechAssure has achieved extraordinary stature in just seven years, by hand-picking its members so we’re extremely pleased to be part of this stable of high caliber, reputable risk management specialists,” said Bryan Costello, Principal of CSI. “Technology, life sciences and venture capital all represent unique areas of insurance needs. Over the years, we have demonstrated an expertise in these areas, which TechAssure has recognized. This membership offers significant benefits to our clients, with technical education and training, innovative marketing tools and exclusive programs and representation.”

John Love, President of TechAssure said, “We are pleased to welcome the outstanding professionals at Costello & Sons to our association. Their commitment to serving their clients and their entrepreneurial culture, not only reflect the spirit of TechAssure but will contribute significantly to the evolution of our group and the value we generate for one another. The level of cooperation and commitment to technical skill evidenced in TechAssure is unique in the insurance industry.”

Costello & Sons (CSI), a third generation brokerage with headquarters in Marin, was recently named one of the 25 Most Innovative Insurance Agents in the U.S., out of 26,000 existing insurance agencies. With offices in Northern and Southern California, the brokerage services 2,000 customers in real estate, technology and tech-related companies and personal insurance for individuals. CSI generates over $35 million in premiums annually.
TechAssure is a 501(c)(6) trade association with regionally exclusive members. TechAssure members share best practices, resources and benchmarking information that enhance the services and skill level delivered to each client of a TechAssure member. Members also collaborate on improving insurance coverage forms to benefit clients and supporting insurance underwriters in developing special programs. TechAssure members represent over 4,000 clients in various technology-based industries and place over US$300 million in P&C premiums for the Technology sector alone.


     

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