Tangram Insurance Services Inc., a managing general underwriter and program manager, has purchased the assets of Langhorne, Penn.-based managing general agent, GMG Underwriters (GMGU). The transaction became effective May 1, 2019.
Matt Smerkanich, former owner and president of GMGU, has joined Tangram as managing director and will continue to oversee the day-to-day operations of his team and programs.
Smerkanich will collaborate with Rekha Skantharaja Schipper, president and CEO at Tangram Insurance Services Inc., to grow the company’s current programs and seek new opportunities.
GMGU’s main products include kidnap and ransom, foreign package, active assailant, workplace violence, political risk and defense base acts.
Source: Tangram Insurance Services Inc.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
World’s Growing Civil Unrest Has an Insurance Sting 
