Specialty personal lines insurance veteran will be responsible for insurance for manufactured homes, vacant dwellings
HARRISBURG, Pa. – J. Richard “Dick” Dowd, whose 35-year career includes a successful track record in insurance for manufactured homes, low-value dwellings and other “specialty” personal property, has been named senior vice president-Personal Property at Aegis General Insurance Agency, “and will lead our efforts to increase our share of this business nationwide,” Aegis General President Bob Kimmel announced today.
“In recent years, Dick’s success in the growth of this specialty business exceeded that of the insurance industry overall, in spite of a dramatic downturn in the manufacturing housing industry,” Kimmel said. “While other companies have avoided this segment, we not only remain committed to it but intend to pursue continued growth in this space.”
Dowd’s role at Aegis General will include management of existing programs, new product development and management of Aegis General’s distribution network.
Dowd most recently was senior vice president of Sales with American Modern Insurance Group, where he was responsible for similar specialty insurance business nationally.
Prior to joining American Modern in 2003, Dowd was senior vice president-Personal Lines for Harleysville Insurance Company, where he also served as a regional vice president. He also worked for General Accident Insurance Company, where he held a variety of sales, marketing and underwriting positions.
Aegis General Insurance Agency is a unit of K2 Insurance Services LLC, a group of specialty insurance operations, and underwrites on behalf of Aegis Security Insurance Company – also a K2 unit – and other insurers.
Aegis Security is rated “A” by A.M. Best and is admitted in all 50 states and the District of Columbia. K2 Insurance Services acquired Aegis Security in 2013.
K2 Insurance Services also includes four other general agencies that manage, underwrite, and distribute products on behalf of Aegis Security and other carrier carriers. They include Allied Public Risk, Mesa, Ariz.; Midwestern Insurance Alliance, Louisville, Ky.; Mission Select Insurance Services, Flower Mound, Texas; and Vikco Insurance Services, Danville, Calif. Additional information is available at www.k2ins.com.
Kimmel and Pat Kilkenny, K2 chief executive officer, formed K2 in 2011 in partnership with private capital fund Endeavour Capital, based in Portland, Ore. Additional information is available at www.endeavourcapital.com.