Surplus lines carrier Investors Underwriting Managers Inc. saidit has acquired program administrator Brittany Insurance ServicesInc. for undisclosed terms.
|The Red Bank, N.J.-based subsidiary of Markel Corp. said thatGlendale, Calif.-based Brittany writes a wide variety of propertybusiness in California.
|Markel has been associated with Brittany since 1993. Throughoutthat time, Brittany has been a strong contributor to the growth andprofitability of its Property Division, the company said.
|Brittany will continue to focus on a wide variety of propertybusiness including builder's risk, habitational and other segmentsprimarily on the West Coast.
|Brittany is currently headed by its co-founder and president,Kent Kuster. Investors Underwriting Managers said Mr. Kuster willremain in his current position and will bring with him a 10-memberteam.
|Glen Curley, president and chief operating officer of Investors,stated: “We are delighted that Kent Kuster and his associates willnow be part of the Markel/IUM family. This acquisition is anothergreat enhancement to our growing platform and complements ourexpansion strategy.
|“Brittany also strengthens our underwriting expertise as anindustry leader and enables us to earn 'first call and last look'for our wholesale producer partners.”
|Investors Underwriting Managers Inc. specializes in the lines ofprimary casualty, property, excess and umbrella, environmental,taxi liability, surety and special programs.
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