View this article online: https://www.insurancejournal.com/news/west/2021/04/13/608963.htm
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.