Business Moves

Maritime General Agency

Maritime General Agency formed a new business identity, which it said “combines three niche marine insurance underwriting facilities — Maritime Program Group; Maritime General Agency, Marine MGA, and Windward Marine Underwriters — into one managing general agency.”

Maritime General Agency and Marine MGA were founded in the 1990s. Windward Marine Underwriters was added in 2002. “Each of these related companies specialized and excelled in different aspects of marine insurance,” the company explained.

The consolidation solidifies Maritime Program Group as a large program underwriter of recreational marine insurance. The firm is also a provider of inland and ocean marine insurance, and has a private client services division to serve the affluent.

Direct-Link, Mother Lode Insurance

Direct-Link Holding Group LLC acquired Mother Lode Insurance Services LLC of Cameron Park, Calif.

Founded in 1999, Direct-Link Holding Group is a California-based limited liability insurance agency specializing in identifying and acquiring commercial and personal insurance portfolios and stand-alone insurance agencies throughout the United States.

Mother Lode Insurance Services was established in Cameron Park in 1986. For more than 40 years, agent/broker Mother Lode Insurance serviced clients in both El Dorado and Sacramento counties, and will continue to operate under its existing name.

Intercare Specialty Risk, PRM Insurance

Rocklin, Calif.-based Intercare Specialty Risk Insurance Services Inc. and PRM Insurance Services Inc. inked a contractual agreement to work together under the newly formed Phoenix Risk Management Insurance Services.

All programs, contracts and personnel of the two companies will be consolidated into Phoenix Risk Management Insurance Services, which will be wholly owned by Intercare Specialty Risk Insurance Services.

After 17 years of service to PRM, CEO Gene Marsh has retired. ISRIS CEO Kevin Hamm will lead the combined company as chairman and CEO. Renee Leslie Iaia, executive vice president of ISRIS, was promoted to president of Phoenix Risk Management.

Programs formerly administrated by PRM have been combined with those of Intercare Specialty Risk. The underwriting staff and employees will remain the same under Phoenix.