Program Business News

K2 Insurance Services Launches International Re/insurance Platform in London

K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in London. K2 International has been created through the acquisition of Pioneer …

One80 Intermediaries Acquires Ohio’s International Excess Program Managers

One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has acquired Beachwood, Ohio-based International Excess Program Managers (IEPM), a wholesale insurance brokerage and program manager operating in all 50 states. Terms of the deal were …

Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech

Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing program administrators to think outside the box in order to …

Program Manager Victor O. Schinnerer Rebrands as Victor US

Insurance program manager Victor O. Schinnerer and Co. has rebranded as Victor US. The announcement completes the larger global unification and rebranding of The Schinnerer Group to Victor Insurance Holdings that was begun in 2018. Last month, as part of …

Venture Insurance Programs Creates Small Business Online Platform

Venture Insurance Programs, a national insurance program administrator, has unveiled Venture Small Business – a new business unit designed to simplify how agents and brokers quote and bind business for more than 150 classes of business. According to Phillip J. …

Service American Names Risk Transfer Insurance Agency as New Program Partner

Austin, Texas-based Service American Indemnity Co. (SAIC), national provider of program services, has added Risk Transfer Insurance Agency as the newest partner to support its continued national growth in workers’ compensation. Risk Transfer Insurance Agency (RTIA) is a full-service commercial …

Service American Indemnity Hires Clymer as New Sr. VP, Program Business

Service American Indemnity Co., an Austin, Texas-based national provider of program services, has added Jacob Clymer as senior vice president of Program Business, responsible for leading the growth of the company’s emerging program business. He will also serve as a …

New Norman-Spencer Insurance Program Targets Delayed Real Estate Closings

Norman-Spencer Agency, based in Dayton, Ohio, is now offering an insurance program that provides expense coverage due to closing delays for home buyers — Insure My Closing. The new program is backed by an A++ rated carrier and is available …

Trident Marine, Signal Mutual Team Up on Waterfront Workers’ Comp in Texas, Louisiana

Trident Marine Managers (TMM), a specialty marine and offshore energy company and a part of Ryan Specialty Group (RSG), is partnering with Signal Mutual on a workers’ compensation program for waterfront employers based in Texas and Louisiana. Signal Mutual a …

Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America

Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region. Axon Re will provide facultative and treaty reinsurance cover …