IAT Insurance Group News

IAT Insurance Adds Open Lot Coverage for Franchised Auto Dealerships

IAT Insurance Group has expanded its multi-line DealerPack offerings for franchised auto dealerships to include dealers open lot insurance. Key elements of the policies include: Available as an option within the DealerPack package policy Guaranteed cost Available for “non-floored only” …

IAT Insurance Adds 8 Hanover Underwriters to Specialty Brokerage Unit in North Carolina

IAT Insurance Group, a provider of specialty property and casualty products, has hired a team of eight underwriters to its Specialty Brokerage division. All eight previously worked together at Hanover Insurance under Mark Boland, who joined IAT last year as …

Munich Re’s Assennata Joins North Carolina-Based IAT Insurance Group

IAT Insurance Group, a provider of specialty property and casualty products, has added Steve Assennata to the company to serve as chief underwriting officer (CUO) of its Programs unit. The company is based in Raleigh, N.C. Assennata comes to IAT …

IAT Insurance Group Hires Passaro to Lead New Management Liability Unit

IAT Insurance Group, a provider of specialty property and casualty products, is expanding its product offerings with the formation of a new Management Liability business unit. The company has hired John Passaro to lead the unit. Passaro brings to the …

IAT Insurance Group Finalizes Acquisition of New Jersey’s IFIC Surety Group

IAT Insurance Group, a Raleigh, N.C.-headquartered provider of specialty property and casualty products, has finalized its acquisition of Newark, N.J.-headquartered IFIC Surety Group Inc. IFIC consists of International Fidelity Insurance Company and its subsidiary Allegheny Casualty Insurance Company. Following the …

Travelers’ Chapman to Lead IAT’s New Surety Unit After IFIC Acquisition

IAT Insurance Group has hired Ken Chapman as executive vice president, Surety, to lead IAT’s new surety business following IAT’s acquisition of IFIC Surety Group that is expected to close in the third quarter. Chapman will join the company’s leadership …

IAT Insurance Group Agrees to Acquire New Jersey’s IFIC Surety Group

IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is subject to customary regulatory approvals. IFIC …

IAT Insurance Acquires Excess and Umbrella Business from Rockhill Insurance

IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group. Rockhill is a subsidiary of State Auto …