Monarch E&S swoops for Skilled Insurance coverage Executives

Monarch E&S Insurance coverage Companies, a division of Specialty Program Group, has acquired Texas-based contract binding and brokerage agency Skilled Insurance coverage Executives (PIE) for an undisclosed sum.

Based in 2009 by Bruce Hart, a seasoned skilled with over 4 many years within the trade, PIE is well-regarded for its sturdy underwriting capabilities, dedication to innovation, and client-focused service.

“Bringing PIE into the Monarch household enriches our portfolio with wonderful underwriting and expands {our relationships} in key markets,” said Derek Borisoff (pictured), chief government of Monarch E&S. “Bruce’s intensive expertise and management are invaluable as we proceed to try towards being the preeminent chief within the contract binding sector.”

For Hart, becoming a member of Monarch E&S provides “an unbelievable alternative” to PIE, enabling the managing normal company to leverage the broader group’s assets and market attain.

“This enlargement will improve our service supply and permit us to offer much more complete options to our purchasers,” he stated.

“CSIB has established a powerful fame in our trade and brings a depth of specialization that enhances Monarch’s present choices,” Borisoff commented in July. “Integrating CSIB will improve our capabilities and allow us to supply a extra complete contract binding resolution nationwide.

“We’re enthusiastic concerning the potential to develop our service choices to incorporate CSIB’s experience within the mining sector.”

As for the Commonwealth Underwriters swoop earlier this 12 months, the CEO cited the agency’s experience in securing insurance coverage protection for hard-to-place dangers not written by the usual market.

“[Barry and Julia Scott’s] fame with each retail dealer clients and binding markets coincides completely with Monarch E&S’s working philosophy,” Borisoff famous beforehand. “We sit up for working with Barry’s crew to make the general group even higher.”

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