Acordia Arm Acquires E&S Firm

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NU Online News Service, July 24, 12:24 p.m. EDT- American E&S Insurance Brokers of New York Inc. has acquiredRMC2, Llc., a national excess and surplus insurance broker withoffices in the Chicago area and West Palm Beach, Fla.

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Terms of the transaction were not disclosed.

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American E&S, headquartered in San Francisco, is a whollyowned wholesale broker subsidiary of Chicago-based Acordia Inc.Acordia is owned by San Francisco-based Wells Fargo company.

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RMC2 has served its clients nationally since 2001. The agency'sprofessional staff will continue serving clients from its locationsin Chicago and West Palm Beach.

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RMC2 handles large, complex, specialized commercial propertyrisks in select niches including manufacturing, real estate,financial and technical industries.

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