Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance Services Inc. (ATM) and AEON Insurance Group Inc. (AEON), which will extend the exclusivity of each Partner Agent relationship for an additional five years.
RTP, ATM and AEON are SUA’s three original Partner Agents, and the five-year extensions of exclusivity ensure each will continue to be the exclusive Partner Agent for the various programs set forth in their individual Partner Agent Program Agreements.
SUA recently announced an agreement under which New York-based Tower Group Inc. will purchase SUA in a transaction valued at approximately $107 million.
Source: Specialty Underwriters’ Alliance Inc.
Topics Mergers & Acquisitions Agencies Excess Surplus Underwriting
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