Skyward Specialty Insurance Group Inc. has acquired Aegis Surety and simultaneously sold XPro, which provides solutions for the pest control industry. K2 Insurance Services is both the seller of Aegis Surety and the buyer of XPro.
Aegis Surety Senior Vice President Trevor Hash will become the head of contract surety following the transaction, reporting to Skyward Specialty Head of Surety Matthew Semeraro.
Aegis Surety offers surety bonds to a range of contractors in addition to commercial surety, specializing in underwriting bid, performance, payment, supply and maintenance bonds. Headquartered in Harrisburg, Pennsylvania, it supports businesses in 45 states and the District of Columbia.
Skyward Specialty is a property/casualty insurance holding company. The company has businesses in specialty lines including management and professional liability, medical stop loss, surety, excess and surplus property and liability and large commercial property, as well as multi-line solutions for the energy, trucking and construction industries.
K2 Insurance Services is an insurance services holding company, which owns and controls a set of specialty program administrators. From workers’ compensation for high hazard exposures, such as commercial transportation, to personal lines coverage for manufactured homes, K2 helps insure clients across an array of risks and industries. K2 is headquartered in San Diego, California, and is a privately held company.
Source: Skyward Specialty Insurance Group
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