Program Business News

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 …

Ironshore Names Hartley U.S. Program Business Leader; Appoints Sharis Director

Ironshore Specialty Casualty has announced executive appointments to oversee the Programs business unit in the U.S. Casey Hartley has been named senior vice president, head of Programs. Hartley will oversee the development, marketing and distribution of programs lines, working with …

Nationwide Acquires Liability Insurance Program Manager E-Risk Services

Insurer Nationwide has acquired E-Risk Services, a privately-held, program manager specializing in management lines. Terms of the purchase agreement between were not disclosed. The transaction closed on January 1, 2019. E-Risk Services, located in Flanders, N.J., operates as an underwriting …

AIG Finalizes Acquisition of Program Manager Glatfelter Insurance

American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition its General Insurance business and return to profitability. …

AIG to Acquire Program Manager Glatfelter Insurance Group

American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not disclosed. It is expected to close in the fourth quarter of …