Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS

Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire.

AIMS does most of its business in the Mid-Atlantic and East Coast regions and is currently licensed in more than 30 states. It helps agents place insurance for farms, ranches, equine operations, estate farms, and commercial growers of agricultural products. AIMS offers a variety of farm-related coverages, including homes, barns, farm equipment, auto, and liability from national carriers.

Industry veteran Clark Lindley founded AIMS in 2000 and serves as president. Clark and the firm’s underwriting manager, Tammy Hooker, have more than 50 years of underwriting and carrier experience in the agriculture sector.

“Origin’s approach to program underwriting, carrier and reinsurance partnerships and products, strong distribution relationships, and unique operational platform will allow us to expand the distribution of our existing product offerings while adding innovative solutions for our clients and agents,” said Lindley in the announcement.

Great American, Travelers, The Hartford-Mortality and Assurant Specialty Property are among the carriers AIMS currently represents.

Origin Specialty is an MGU that targets small and mid-sized risks including restaurant, hospitality, excavation, and worker’s compensation risks. Origin is a partner company of Beyond Risk, an independent risk management services provider.

Marsh, Berry & Co. acted as financial advisor for AIMS.

Topics Mergers & Acquisitions Excess Surplus Talent Underwriting Agribusiness Insurance Wholesale Human Resources