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