MS Amlin is acquiring managing general agency International Transportation and Marine Office and its associated subsidiaries.
Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Terms were not disclosed.
The primary subsidiary, International Transportation & Marine Agency, provides marine and other specialty lines of insurance. ITMA specializes in light commercial trucking and offers coverage for auto physical damage and motor truck cargo products unbundled from the auto liability exposure. ITMA partners with appointed producers, at both the wholesale and retail levels.
Don Kaitz will retain his role as chairman of Arizona headquartered ITMA, and the business will continue to be led by Eric Kaitz, CEO and remain a stand-alone MGA business.
MS Amlin is a global reinsurer, part of the global insurance group MS&AD, with three main legal entities’ operating in the Lloyd’s, Continental European and Bermudian markets.
Was this article valuable?
Here are more articles you may enjoy.
Insurtech Lemonade Posts $43.7M Loss for Q3 
Archdiocese of NY Finalizes $800M Fund for Sex Abuse Survivors; Avoids Bankruptcy 
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation 
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
