Apptis began working with DGP Miles Insurance Agency in June 2007 to improve our risk management program. DGP Miles has designed and implemented a risk management portfolio that efficiently transfers our risk allowing us to focus on serving our customers. This new portfolio of policies provides us with greater limits at a reduced rate.
Thank you very much for your participation in the insurance renewal this year. You and your team did a very nice job marketing UNICCOâ€™s Umbrella and Property coverage lines. Your involvement and assigned markets were instrumental with UNICCO having a successful Property & Casualty Insurance renewal. We thank you very much for all your diligence and efforts in this process.
Sonus selected DGP Miles Insurance Agency to partner with a broker able to respond to the immediate needs of our rapidly growing organization. David Pietro and his staff have provided us with outstanding service treating each renewal cycle as a new opportunity to present us with the most comprehensive insurance products at the most competitive pricing. While the handling of the day to day needs of our global operation prove challenging, those requirements are addressed immediately and efficiently by DGP Miles Insurance Agency. We highly recommend them without reservation.
David and his staff have written our insurance for the past five years and I have found their services to be excellent. They are timely in seeking renewal quotes, they have demonstrated to us that they maintain good relationships with the major insurance carriers in the lines we require, and their staff is most responsive to inquiries, requests for certificates and explanations of premiums. I can personally attest to their speedy responses; I have never posed a question or request to their offices that was not answered within a few hours.
We have retained and relied on DGP Miles to advise on a variety of risk management services. These include both rates and structures for our insurance allowing us to have effectively outsourced the management of our insurance function with outstanding results. To do so Dave and his team invested a significant amount of time understanding our business and its operations, assessing the areas where real risks had to be managed, identifying where MSL was over insured and under-insured and coached our Treasury group through several renewal cycles.
We have been extremely pleased with the high level of professional service received by DGP Miles. Their staff members are extremely knowledgeable in the every-changing world of insurance. We are pleased to be associates with the DGP Miles organization. Our expectations have not only been met but also surpassed. It is refreshing to work with someone who truly understands the benefits of customer service. QualxServ management highly recommends them without reservation.
On behalf of everyone at The Holmes Group I want to thank you, and all of your business associates, for all of the outstanding assistance you have provided to our company. As you know, all of us here hold your firm in the highest regard and we consider you important members of The Holmes Group team.
As the new Regional Vice President for ASPN let me officially welcome you to the program. This specialty market access translates into tremendous service capability for DGP Miles to its customers allowing you to draw upon the strength of Aon Corporation, the second largest insurance broker in the world. Our goal is to partner with the leading independent agencies in a given area to assist their growth and service capabilities to customers.
DGP Miles helped us through a Company recapitalization where Marsh was the Risk Manager for the investor group. DGP Miles was more competitive and more timely, both crucial in this type of transaction. Without hesitation, I would recommend Dave Pietro and the staff of this agency for anyone's insurance needs.
We have entered into a joint venture agreement with DGP Miles Insurance Agency whereby we assist in the marketing and placement of many lines of insurance. As a wholly' owned subsidiary of AON Corporation we have access to over 100 insurance carriers. Together AON and Risk Placement services form the second largest broker in the world. DGP Miles is our largest independent agent and we have worked together successfully for the last eight years writing many accounts, both large and small.
It is my pleasure to recommend DGP-Miles Insurance Agency as a preferred provider of commercial insurance products and risk management services. United Waste Management is a successful waste management company in the New England area and has called on DGP-Miles to administer our Corporate Insurance Program. With the continued growth and constant change experienced by our Company, our requirements for a knowledgeable, qualified and efficient insurance team is critical. Our expectations have been met in our partnership with DGP-Miles Insurance. I welcome any discussion regarding this Agent, their staff and management.
It is my pleasure to recommend David Pietro and the DGP-Miles Insurance Agency as a premier risk management services provider. I am a Senior Advisor and Operating Partner at New Mountain Capital. New Mountain is a private equity firm based in New York where we manage approximately $10 billion in capital commitments from institutional investors. We currently own fifteen companies with revenues ranging from $50 million to over $1 billion, as well as a public credit and public equity fund.
I have known and worked with Dave Pietro and DGP-Miles for fifteen years across many companies. We have retained and relied on DGP-Miles to advise us on a variety of risk management services. These include both rates and structures for our property and casualty insurance, marine cargo and our Directors & Officers liability insurance programs. We have effectively outsourced the management of our insurance function to DGP-Miles on some of our portfolio companies and the results have been outstanding.
Among the most significant of the services DGP-Miles provided was their help and guidance on our casualty and management liability policies. Over the last two years, market premiums for these coverages have increased dramatically due to the hardening market conditions. Dave helped up prepare a formal presentation to our underwriters during the renewal process that highlighted New Mountainâ€™s operating and financial process disciplines. The presentation and data had a real impact. Based on comparative information available for the portfolio company working with DGP-Miles, our premiums per $1 million coverage are less than half of that being paid by others while our coverages are better. We would not have achieved this result without DGP-Milesâ€™ understanding of our business and their creative approach to risk management.
Prior to joining NMC in 2007, I retained DGP-Miles in two global publicly-traded companies where I was an operating executive. Dave and his team were able to achieve similar strong results for both companies that were far in excess of what other providers could deliver. As an example, in one of those Daveâ€™s focus and creativity helped us obtain and structure insurance for seventeen factories world-wide in a highly complex environment.
I look forward to continue working with Dave Pietro and DGP-Miles in the future and to expanding the scope for work he provides us.