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.