Message from the President
New Day Acquired by RT Specialty
As you have probably already heard, New Day Underwriting Managers has been acquired by Ryan Specialty Group (RSG). Now a part of R-T Specialty, LLC, the management and staff at New Day couldn't be more excited. Joining the RT Specialty family will allow New Day to achieve a higher level of growth while leveraging on all that a large company has to offer from their distribution network, carrier relationships and retail broker relationships to their investment in technology and people. RT Specialty has a well-known and experienced management team including:

  • Patrick Ryan - Chairman RSG
  • Timothy Turner - Chairman and CEO
  • Ed McCormack - President

We look forward to beginning this journey as part of the RT Specialty family while continuing to enhance the carrier and retail broker relationships that New Day has developed over the past 13 years. For any questions regarding the acquisition, contact Jeff Lejfer at 609.298.3516 ext. 101 or jeff.lejfer@rtspecialty.com .
RT New Day's 2018 Market Update

The specialty lines insurance landscape is a constantly changing environment and the areas of construction-related professional liability and environmental insurance are no different. Each year it seems as if new carriers enter the market, new coverages are introduced and new risks emerge. Navigating these markets is more difficult than ever, even for the most experienced insurance professional. That's why RT New Day continuously monitors and sifts through the changes so that we can effectively and efficiently find optimal solutions to solve our client's risk management challenges. Read our  2018 Market Update , which is a product of RT New Day's collective knowledge and expertise and provides an overview, key trends and a look at the year ahead for each of our products.
IRMI ERIC Conference

RT New Day's John Heft along with Enviant's Kenneth Cornell recently presented "Current Trends in the Environmental Marketplace" during the IRMI Energy Risk & Insurance Conference in Houston, Texas.

The two discussed current environmental insurance trends in the energy sector, with an emphasis on buying motivators and the impact of such trends on environmental exposures and claims.

To learn more about this topic, contact John Heft at 609.298.3516 or john.heft@rtspecialty.com.
AGC Conference

Jeff Slivka recently joined a panel of experts at AGC's 2018 Conference on Surety Bonding and Construction Risk Management in Naples, Florida. The panel discussed "Getting Beyond OSHA: The Ripple Effects that OSHA's New Silica Standard is Likely to Have on the Legal Environment and in Turn, the Insurance and Construction Industries." Other panelists included:

  • Paul Messenger, American Global of Texas
  • Phil Beck, Smith, Currie & Hancock
  • Kevin Barry, XL Catlin
  • Michael Baker, American Global of Pennsylvania

To learn more about this topic, contact Jeff Slivka at 609.298.3516 or jeff.slivka@rtspecialty.com.
New Day Named Best Place to Work in NJ
We are pleased to announce that New Day Underwriting Managers LLC has been named a Best Place to Work in NJ by NJBiz. For the fourth time in five years, New Day was awarded this wonderful honor, which is a testament to the type of culture we strive for every day in our organization. Our ranking for 2018 will be revealed during a celebration on May 1st. In the meantime, a special thank you to our employees for giving us this great honor.
Promotions

Please join us in congratulating David Slaugenhoup, CRIS, RPLU on his well deserved, recent promotion to Senior Consultant. Contact Dave at 609.298.3516 ext. 118 or david.slaugenhoup@rtspecialty.com .
Employee Spotlight - Jaime Lawson

Jamie Lawson is an Account Manager in RT New Day's Construction Group. Meet and get to know Jaime as we sit down for a Q&A session.  
Welcome to RT New Day
Please join us in welcoming two new employees to the RT New Day family.

Hannah Schwartz started with RT New Day in December 2017 as an Account Manager in the Construction Group. She can be reached at 609.298.3516 ext. 108 or hannah.schwartz@rtspecialty.com.

Brittany Negron started with RT New Day in February 2018 as a Consultant in the Real Estate Group. She can be reached at 609.298.3516 ext. 128 or brittany.negron@rtspecialty.com.
Risk Tip - Contractor's Pollution Liability: Mold vs. Bacteria
By: Jeff Slivka
Even though mold continues to be of concern for many carriers, especially with regard to resulting property damage, many insurers offer mold coverage as part of their overall Contractor's Pollution Liability (CPL) program. Depending on the type of business or work/project types conducted by the firm, it could be provided on an occurrence or clams made basis. However, bacteria, specifically Legionella Pneumophila, is found to be less common and typically must be added via endorsement. When carriers provide coverage for “microbial matter” it’s prudent to ensure it not only provides coverage for mold, fungi, mildew and the like, but also bacterial matter.
Desire to Protect Assets Drives CPL Buyers
In his latest IRMI Expert Commentary Jeff Slivka discusses the growth in the construction industry, the resulting environmental concerns including the new silica standard, and how this all relates to CPL coverages. Read the complete article by clicking the button below and contact Jeff for any additional information at 609.298.3516 ext. 102 or jeff.slivka@rtspecialty.com .
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2465 Kuser Road, Suite 202
Hamilton, NJ 08690
609.298.3516