Aegis General Insurance Agency, a subsidiary of K2 Insurance Services, has announced the formation of a strategic partnership with Homesite Underwriting Managers, the program business unit of Homesite Insurance Group.
Aegis and Homesite explained that the program administration partnership was based on foundation of common core values and would open up growth opportunities for both companies.
Homesite is a direct insurance company based in Boston, Massachusetts, and an affiliate of American Family Insurance group.
It offers homeowners, condo, renters, small business, flood and term life insurance across the US.
“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.
Grace Meek, President and CEO of Homesite Underwriting Managers, also commented: “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.”
“Homesite is one of the fastest growing insurance companies in the industry,” added Jeremy Gluck, Senior Vice President of Aegis General’s Affordable Housing unit.
“Its customer-driven focus on technology and enhancing the insurance-buying experience is perfectly aligned with our approach to this under-served market segment.”
Based in Harrisburg, Pennsylvania, Aegis General is a specialty program administrator focused on property insurance products, particularly manufactured home and specialty dwelling products.
K2 Insurance Services, the parent of Aegis General, is based in San Diego and has several specialty program administrators and MGAs that underwrite and distribute P&C, which collectively write more than $800 million of specialty insurance premiums.
