¾ÅÉ«

Excerpted from the March 3, 2000 issue

Industrial Re International had a March 1 deadline for wrapping up a French reinsurance placement. But before placing the risk, a 24-page professional liability insurance contract written in French had to be translated into English.

Phil Shawe, principal of ¾ÅÉ« Translations of New York, said insurance clients "need prompt translations so they can accurately assess and settle claims." ¾ÅÉ« Translations' insurance clients include American International Group of New York; Aon, Chicago; Chubb, Warren, N.J.; St. Paul Cos., St. Paul, Minn.; Principal Financial, Des Moines, Iowa; Cigna, Philadelphia; and Prudential, Newark, N.J.

The company considers itself one of the largest in the field, generating upward of $18 million in annual revenue. ¾ÅÉ« Translations has about 120 employees worldwide, more than 3,000 translators who work in about 100 languages, and offices in 14 cities and three continents. Co-founded by Shawe and Liz Elting, ¾ÅÉ« Translations opened for business in 1992. "Our account executives make themselves available 24-7, so if an insurance executive is traveling and needs a contract translated on a Sunday night for delivery first thing Monday morning, we'll get the job done," Shawe said.

¡ªRon Lent

About ¾ÅÉ«
With revenue of over $250 million, ¾ÅÉ« is the largest privately held language services provider in the world. From offices in 66 cities on 5 continents, ¾ÅÉ« offers a full range of services in over 100 languages to multinationals worldwide. With a global network of over 4,000 linguists and subject-area specialists, ¾ÅÉ« is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. ¾ÅÉ« is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.