Promotion Announcement

We are pleased to announce the promotion of Alie Basch to the position of Senior Vice President of Allied Public Risk (APR), effective today. 

Alie joined us five years ago as a Regional Underwriting Director in the Alternative Practice division and has been an integral part in building and establishing APR as a leader in the public entity insurance marketplace.  

Based in New York, Alie has been in the insurance industry her entire career.  For the past eight years, she has focused exclusively on the public entity segment.  In her current capacity, she is responsible for production underwriting of new and renewal accounts in the East Region of the United States.  Alie has a B.S. in Business Administration from Wagner College and is currently pursuing her CPCU designation. 

CONTACT:

Alie Basch – Senior Vice President

300 Cadman Plaza West, 12th Floor

Brooklyn, NY 11201

abasch@alliedpublicrisk.com | Tel 347.689.7558 | Cell 413.335.3092

For more information about Allied Public Risk company, please visit: www.alliedpublicrisk.com

K2 Insurance establishes Strategic Program Administration Partnership with Homesite Insurance Group

K2 Insurance Services, LLC. subsidiary Aegis General Insurance Agency, Inc. (Aegis General) is pleased to announce the formation of a strategic partnership with Homesite Underwriting Managers LLC, the program business unit for Homesite Insurance Group.

“Homesite’s record of success and innovative focus within the residential property market will allow Aegis General to continue our growth trajectory and industry-leading profitability within the manufactured home and affordable housing insurance sectors,” said Bob Kimmel, K2’s President and CEO.

Based in Harrisburg, Pennsylvania, Aegis General is a specialty program administrator, which manages a successful line of property insurance products, namely manufactured home and specialty dwelling products. The products are distributed nationally through multiple channels and companies.

Homesite, an affiliate of American Family Insurance group, is a direct insurance company based in Boston, Massachusetts. The company offers homeowners, condo, renters, small business, flood and term life insurance in nearly all 50 states, and has a financial strength rating of “A-Excellent” from A.M. Best.

“Homesite Underwriting Managers was established to maximize unique and sustainable opportunities within the program space. Aegis General’s Affordable Housing program fits perfectly, with unique specialty expertise and full turn-key insurance program capabilities”, said Grace Meek, President and CEO of Homesite Underwriting Managers LLC.

Aegis and Homesite have established their partnership based upon a strong foundation of common core values including a commitment to customers, partners, and employees. Both organizations place high value on technology and improving the way customers purchase insurance.

“Homesite is one of the fastest growing insurance companies in the industry. Its customer-driven focus on technology and enhancing the insurance-buying experience is perfectly aligned with our approach to this under-served market segment”, said Jeremy Gluck, Senior Vice President of Aegis General’s Affordable Housing unit.

Aegis General is a subsidiary of San Diego-based K2 Insurance Services, LLC. K2 has several unique specialty program administrators and MGA’s that underwrite and distribute property/casualty insurance products on behalf of a select group of high-quality balance sheet partners. In aggregate, K2’s subsidiary companies currently write more than $800 million of specialty insurance premiums.

About K2:
Based in San Diego, California, K2 Insurance Services, LLC was formed in 2011 by industry veterans Pat Kilkenny and President & CEO Bob Kimmel. Lee Equity Partners recently acquired a majority ownership interest in K2, with the objective to create a leading underwriting and distribution franchise in the program insurance market. Over the past nine years, K2 has assembled a core group of specialty insurers and MGAs located across the country to achieve this task.

About Homesite:
Founded in 1997, Boston-based Homesite Insurance was one of the first companies to enable customers to purchase home insurance directly online, during a single visit. Now the nation’s leading direct writer of homeowners insurance, as well as condominium and renters insurance, Homesite’s continues to innovate at a speed that outpaces the industry. Additionally, Homesite has a financial strength rating of “Excellent” from A.M. Best, which reflect its balance sheet strength, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).

The creation of Homesite Underwriting Mangers, led by Grace Meek, in 2019 demonstrates Homesite’s commitment to grow unique, sustainable and profitable partnerships.

INDUSTRY VETERAN LOCHER TO LEAD WINERY INSURANCE PROGRAM

Chicago, Illinois
December 23, 2019

INDUSTRY VETERAN LOCHER TO LEAD WINERY INSURANCE PROGRAM

Allied Public Risk, LLC, through its Allied Winery Risk division, is pleased to announce Gregory Locher’s return to the winery space as lead executive of our proprietary property & liability insurance program. “I am delighted to be reconnected with many of my past colleagues and look forward to providing meaningful risk management solutions for the country’s premier wineries,” says Locher. He further adds, “Allied Winery Risk comprises best-in-class industry experts and proper re/insurance support to ensure clients receive customized protection, fair premiums, and stable property/stock capacity.”

The Allied Winery Risk program was designed specifically for select wineries and custom crush facilities in California, Oregon, and Washington. Coverages are tailored to the industry and include property, stock, crime, business liability, business auto, and excess liability. Policies are underwritten by an AM Best Rated AXV admitted carrier that is well ensconced and committed to the winery industry.

Paul Fuller, CEO of Allied Public Risk, comments, “Allied Winery Risk was built to be a trusted and sustainable safe-harbor for leading wineries, and we are fortunate to have Greg and his team of subject matter experts as part of our organization.” The Allied Winery Risk team supporting Mr. Locher includes fellow industry veterans Tonya Fuller as underwriting manager and Nancy Gee as senior underwriter. Additional staffing announcements will be made in early 2020.

For more information on Allied Public Risk, please visit our website at www.alliedpublicrisk.com.

Press Contact:
Gregory Locher
Lead Executive & Program Manager
Allied Winery Risk
415 378 9999
glocher@alliedwineryrisk.com

About Allied Public Risk, LLC:
Headquartered in Chicago, Allied Public Risk is a national managing general underwriter (MGU) specializing in select industry segments including public entities, water utilities, emergency services organizations, and joint powers authorities. Allied Winery Risk will be underwritten from offices in San Francisco and Napa.

K2 Insurance Acquires Assets, Operations of Nebraska’s Mid-America Risk Managers

K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM).

MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general agency that distributes specialty insurance products through independent agents and brokers. MARM is one of the largest program managers of coverage for Center Pivot Irrigation Sprinklers in the United States. It underwrites insurance products on behalf of members of Great American Insurance Group, The Travelers Indemnity Company and Century Insurance Group.

For over 20 years, MARM has been a family-owned business providing property and casualty insurance products for the agricultural community. MARM leverages its product expertise and broad geographic spread to produce superior underwriting results in a historically volatile line of business.

MARM will continue to distribute its Center Pivot and Farm Owners Package products, as well as other complementary product offerings from K2 partner companies, to its network of over 400 sub-producers.

In addition, MARM will focus on partnering with carriers who seek to mitigate their exposure to the volatility these risks present.

Paul Friskopp, founder and president of MARM, will continue as president of MARM going forward. Kerry Besnia, formerly of Great American Insurance Group, has joined MARM to help facilitate future growth of this program. This acquisition complements other K2 target acquisitions in the agricultural industry.

K2 Insurance Services LLC is a specialty insurance services holding company, which owns and controls a diverse set of program administrators, retail agencies, and an A.M. Best A- rated insurance carrier. K2 is headquartered in San Diego, California. and is a privately held company.

K2 Acquires Rockhill Insurance Group’s General Liability and Gas & Propane Distribution Businesses

(March 1, 2018) – K2 Insurance Services, LLC (K2) has announced it has acquired the Rockhill Insurance Group’s (Rockhill) General Liability and Gas & Propane Distribution lines of business. Rockhill is a subsidiary of State Automobile Mutual Insurance Company (State Auto). The transaction includes K2’s purchase of Rockhill subsidiary Partners General Insurance Agency, LLC (PGIA). The PGIA General Liability operations will continue in its current locations of Simi Valley, Calif.; Naperville, Ill.; Richmond, Va.; and Dallas, Texas. The Gas & Propane Distribution operations will continue under K2 in the current Conway, Ark. office. Financial terms of the transaction were not disclosed. Keefe, Bruyette & Woods, Inc., a Stifel Company, served as financial advisor to State Auto in the transaction.
K2 President and CEO Bob Kimmel commented, “We have known the principals of these diverse business segments for several years and are excited to be bringing their expertise to the K2 platform.”
State Auto President and CEO Mike LaRocco noted, “This agreement with K2 is an excellent outcome for the General Liability and Gas & Propane Distribution teams. I wish them much success going forward.”

About State Auto
State Automobile Mutual Insurance Company, headquartered in Columbus, Ohio, is a super-regional property and casualty insurance holding company. The company is primarily engaged in writing personal and business insurance products exclusively through independent insurance agencies in 33 states and is proud to be a Trusted Choice® company partner.
State Auto Mutual is part of the State Auto Group. The State Auto Group markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Financial Corporation, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation. Additional information can be found online at http://www.StateAuto.com.

About K2
K2 Insurance Services, LLC (“K2”) is a specialty insurance services holding company, which owns and controls a diverse set of program administrators, retail agencies, and two A.M. Best “A” rated insurance carriers. Through these entities K2 markets, underwrites and services in-excess-of half a billion dollars annually in niche driven commercial and personal insurance premiums. Since its formation in 2011, the company has grown to become a significant player in the specialty insurance market and continues to grow through new acquisitions and organically. K2 is headquartered in San Diego, California and is a privately held company.

K2 Insurance Services Acquires Affinity Specialist Star & Shield Insurance

Over the past several years, K2 (www.k2ins.com) has assembled a core group of specialty insurers and MGAs across the country. Based in San Diego, California, K2 was formed in 2011 by Chairman Pat Kilkenny and President & CEO Bob Kimmel, in partnership with investment firm Endeavour Capital. Pat and Bob have over 60 years of combined industry experience. Pat formerly ran and owned Arrowhead General Insurance, an industry leading general agency with more than $1 billion in written premiums. Bob served as Executive Vice President and MGA Practice Leader at Guy Carpenter, an insurance intermediary and a division of Marsh & McLennan Companies.

Offering a wide array of insurance products through multiple leading insurers, inclusive of product features that address specific needs of Public Safety personnel, Star & Shield is dedicated to serving those who put their lives on the line every day. President and CEO, Allen Durham has over 20 years of experience in the insurance and reinsurance industry with over two-thirds of his career working with the public safety sector.

“Allen and his team are building a significant provider of insurance products and services for a very special group of people, our first responders and their families. We are proud to add the Star & Shield brand to the K2 partner portfolio and help expand the platform nationally,” said Bob Kimmel, K2’s President & CEO.

“K2 brings a significant amount of expertise and product availability to Star & Shield. We are very excited to be a part of the K2 family. The alignment with K2 provides additional catalyst as we expand the Star & Shield product offering and grow Star & Shield to a national presence, further advancing our mission of serving those who serve and protect us,” said Allen Durham, Star & Shield’s President & CEO.

Bill Walton Partners with K2 Insurance Services

 

Bill Walton joins K2 Insurance Services as part of a new program initiative offering specialized insurance products to children participating in youth sports.

January 11th, 2017
SAN DIEGO, CA – NBA Legend and Hall of Famer Bill Walton joins K2 Insurance Services, it was announced today. Walton’s partnership coincides with a new program initiative which develops and distributes insurance products that offer both protection to children participating in youth sports, as well as for the providers of those camps and leagues.
The one-time basketball star and current ESPN and Pac-12 commentator is now partnering with K2 Insurance Services through his interest in helping young people learn life lessons through sports, and the philanthropic nature of this initiative.
Walton recognized “there is nothing better than being part of a great team. I know the value that sports participation brings to young lives and I am acutely aware of the need for the highest quality insurance coverage. This opportunity is a seamless transition to all the objectives that drive my blessed life.”
While this new program initiative is about protecting the youth in sports, it will also focus on the promotion and advocating of the importance of participating in sports from a young age.
Walton brings more than 45 years of knowledge, passion, and advocacy for the importance and development of youth sports. As part of the new youth sports initiative, he will help create a competitive specialty brand, which delivers high quality, comprehensive insurance products across the nation.
Chairman Pat Kilkenny and President & CEO Bob Kimmel formed K2 Insurance Services in 2011. Together they have over 60 years of combined industry experience. Pat formerly owned and ran Arrowhead General Insurance Agency, an industry leading general agency with more than $1 billion in annual written premiums.

Aegis Powersports Now in Arizona

Aegis Powersports is now offering its industry-leading lineup of powersport F&I products in the State of Arizona. Based in the heart of Silicon Valley, Aegis Powersports leverages the latest technology and data to offer dealer finance and insurance (F&I) products to motorcycle and other powersport dealerships.

Sunnyvale, CA – Today, Aegis Powersports announced that their full suite of powersports F&I products are now available to powersport dealers in the State of Arizona. Aegis Powersports offers products through its award-winning AegisTech platform that touts industry leading ease-of-use, coupled with online claims authorization and integration with CDK Lightspeed for both EVO and NXT configurations.
Since launching in California in 2014, Aegis Powersports has quickly become known as the preeminent powersport F&I service contract provider across the state, expanding into Ohio and Oregon in 2015, and Texas and Arizona during the first half of 2016. With a team of sales, service and claims professionals that all have deep roots in the powersports industry, Arizona dealers now have access to a true F&I partner.
Aegis Powersports award-winning product lineup includes vehicle service contracts for new and used units with trip interruption, roadside assistance, rental car coverage and $0 deductible plans. In addition, Aegis Powersports offers road hazard protection, priority maintenance, an oil and filter plan, gap, etch, GPS tracking, theft deterrent and appearance protection. To ensure all customers are served, Aegis includes a 0% interest payment plan with all products available via the company’s online system. All products are available seven days a week, especially during busy evenings, weekends and holidays on Aegis’ proprietary and award-winning AegisTech platform.
“The demand for our products, service and professional F&I support has been incredible and we are happy that we can expand into new states in response to requests for our service so quickly,” stated Robert Large, Senior Vice President of Products and Marketing for Aegis Powersports. “Since our launch our entire team has focused on being the best F&I partner that a powersports dealer can have, and we look forward to bringing that focus to powersport dealers in Arizona.”
Arizona dealers interested in more information about Aegis Powersports and their product offerings can contact Aegis Powersports at 1-800-572-5099 or dyorba@aegispowersports.com.
Aegis Powersports provides specialized dealer F&I products to powersports dealerships, including service contracts, road hazard protection, priority maintenance, gap, etch, GPS tracking, theft deterrent and appearance protection. All Aegis Powersports products are backed by Aegis Security Insurance Company, rated “A” (“Excellent”) by A.M. Best and operating on an admitted basis in all states.