Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has acquired the assets of Commercial Sector Insurance Brokers, LLC (CSIB), an Excess & Surplus (E&S) wholesale broker based in Birmingham, Alabama.
With a management team with over 50 years of combined industry experience led by Bob Bleistine, CSIB is known for its expertise in contract binding, the mining industry, and coastal property placements.
This acquisition is set to enrich Monarch E&S’s capabilities, offering more comprehensive coverage solutions and reinforcing its position in the industry.
The collaboration will focus on tailoring insurance products that meet the unique demands of the mining sector and other industries, aiming to exceed client expectations continually.
Additionally, the acquisition also includes CSIB’s contract binding division, which focuses on a range of risks such as contractors, lessors’ risk, and hospitality.
“CSIB has established a strong reputation in our industry and brings a depth of specialisation that complements Monarch’s current offerings,” said Derek Borisoff, CEO of Monarch E&S.
Adding: “Integrating CSIB will enhance our capabilities and enable us to offer a more comprehensive contract binding solution nationwide. We are enthusiastic about the potential to expand our service offerings to include CSIB’s expertise in the mining sector.”
Bob Bleistine, President of CSIB, commented: “Joining Monarch E&S is a transformative move for us. It presents an opportunity to leverage Monarch’s extensive resources while continuing to offer the high-level, specialised service our clients expect. We are excited to contribute to and grow within Monarch’s dynamic environment.”
