Rockwood Establishes A Dedicated MGA Division

August 11, 2005

Rockwood Programs has developed a portfolio of products and services specifically tailored for Managing General Agents and Program Administrators. A separate unit within the company will administer this portfolio.

“We have been an advocate for Managing General Agencies ever since we opened our doors nearly nine years ago,” said Glenn Clark, president of Rockwood Programs. “Our management team was the driving force behind the establishment of Target Markets – an association dedicated to the needs of Program Specialists. Our interaction with the association membership led us to the conclusion that this is an underserved market niche.”

The key component of the MGA Division’s portfolio will be Errors & Omissions coverage. This product has been developed to address the unique exposures faced by Managing General Agents and Program Administrators. The coverage is offered through exclusive relationships with several “A” rated carriers. These relationships allow Rockwood to offer an array of liability limit and retention options. Risk management services are also provided as part of the coverage package.

Rockwood also offers product enhancement and alternative distribution services. The company can add Employment Practices Liability, Errors & Omissions, and other coverages to an MGA’s portfolio. These additions can be used differentiate products from others offered in the marketplace. Rockwood offers distribution opportunities through broadcast e-mail and Target Programs – a unique Web-based portal that efficiently links MGAs with retail insurance agents.

Interested parties can learn more about the products and services offered by accessing Rockwood’s Web site at www.rockwoodinsurance.com. The company can also be contacted directly by calling toll-free (800) 558-8808. The fax number is (302) 765-6037.

For additional information, contact Glenn Clark at (302) 765-6001.

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