The Berkely Group is the leading provider of insurance benefits and services exclusively to the travel industry. Our primary products include Professional Liability/Errors and Omissions Insurance and Customized Travel Protection Programs administered through our BerkelyCare division.
Our company was the first to introduce trip cancellation coverage to travelers in the United States, in 1964. At that time, only local retail agents distributed travel insurance to passengers. In 1983, we discovered a new distribution method while designing and implementing the first customized plan sponsored by a tour operator. They were the first of our now over 50 tour operator partners and remain a client/partner to this day.
Since that time, BerkelyCare has evolved as a specialist in providing custom-designed, private-label plans to tour operators, cruise lines and online travel companies. In 1987, we began administering a plan for our first cruise line partner. More recently we have evolved our expertise in the online space, which we leverage among clients such as Travelocity and Expedia. This expertise is also leveraged across all clients with an online booking engine and/or web presence. These alliances have proven important as they have lead the way to Berkely becoming the travel insurance industry leader in the tour operator, cruise line and Internet travel markets. A partial list of Berkely's clients is available by request.
In 1995, The Berkely Group was acquired by Aon Corporation (NYSE: AOC, www.aon.com), a premier, worldwide provider of insurance brokerage and consulting services and consumer insurance underwriting with over 40,000 employees in 120 countries throughout the world. Backed by the strength and scope of Aon's insurer relationships, Berkely's own leverage is further enhanced to ensure that we can negotiate the most attractive travel insurance terms in the marketplace on behalf of our clients. No other travel insurance administrator can offer the depth, stability and in-depth knowledge of this specialized market.
We have learned the business from the ground up, as it evolved over the past 40 years. Today, our travel protection plans are offered to over 10 million travelers annually, making BerkelyCare the undisputed market leader in North America. We define the very best in customer service and plan design, consistently entering uncharted territory in our pursuit of new opportunities to increase your revenue and customer satisfaction. Berkely remains structured to provide the personalized programs that have proven to be the cornerstone of our existence throughout our many years of service.