Registration Closes August 4th – register now while there is still time! The 2021 Annual Meeting and Golf Outing will be held on August 12, 2021 at Topgolf Columbus, 2000 Ikea Way, Columbus, OH 43240. This is a fun, networking event for members and their guests. There’s no pressure to have a good golf swing or score a lot of points. It’s all about everyone having fun.
11:00 – Board Meeting. All members and guests welcome to attend and/or participate.
11:30 to 1 p.m. – Lunch and guest speakers: ODI Director Judi French and Meredith Alexander, ODI Assistant Director of Legislative Affairs.
1 to 4:00 p.m. – Golf
Cost: $150 Lunch, Program and Golf. $50 for lunch and program.
OAPSLO in conjunction with OIA presented a webinar on Navigating the Hard Market – Designing Top Quality Submissions on Dec. 9, 2020. Seventy-one agents were educated on this topic!
OAPSLO Panelists Ken Kukral, Jason Stoermer, JB Civille, and Andy Hamilton were joined by Judy Sivy (OIA) to provide valuable information to OAPSLO and OIA members. If you were unable to attend you can access the recording by clicking the link below.
Westfield, a Westfield Center, Ohio-based super-regional property/casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty.
Westfield appointed insurance veteran Jack Kuhn president of the new business.
Current market conditions coupled with Westfield’s financial strength, AM Best “A” rating and well-established brand drove the decision to enter this market. This endeavor will create additional opportunities to profitably grow new customers and strengthen relationships with existing customers. It will also enhance the financial diversification of Westfield’s property/casualty portfolio, the company said.
Throughout his career, Kuhn has successfully built and scaled insurance businesses multiple times. He has been responsible for U.S. and global insurance portfolios of more than $6 billion in premiums across the various executive leadership roles he’s held within the insurance industry.
June 8, 2021 – Wholesale insurance broker and managing general agent, Scottish American, has acquired Fastcomp of Boston Heights, Ohio.
Terms of the transaction were not disclosed.
Fastcomp was created in 1998 by an experienced team of insurance underwriting professionals to provide independent agents with the opportunity to unbundle and place monoline workers’ compensation coverage profitably. Fastcomp’s proprietary technology platform enables multiple quotes with a single submission.
Giordano, Halleran & Ciesla provided legal counsel to Scottish American. Alvarez & Marsal provided financial diligence, and Filament AI provided technological diligence. Stark & Knoll Co. provided legal counsel to Fastcomp and MarshBerry advised them on the transaction.
No other advisors, diligence firms or legal counsel were disclosed.
OAPSLO was fortunate to have Bryan Sanders join us on June 22nd for our membership meeting. For those of you who were there, thank you for joining us. Three key take-aways from the program:
The specialty sector (E&S) of the insurance industry is alive, well, growing and flourishing. The financial health of the industry leaves us in a great position to capitalize on the opportunities presenting themselves in this hardening market.
This is still a long term relationship business, even with all the technological changes and consolidation going on in this industry.
Many times the first quote in wins.
Our next membership meeting is Sept. 16th. Please let us know topics and/or guest speakers you would be interested in hearing from.
Bryan Sanders, President, US Insurance, Markel and Past President of the Wholesale Specialty Insurance Association will join OAPSLO on Tuesday, June 22nd for an informative webinar on “The Health Happenings and Future of the Specialty Insurance Marketplace”
Bryan will share with us the latest information about the specialty and wholesale insurance industry, the current state and future of the market, and changes the pandemic has caused in our environment.
This will be a webinar you and your colleagues will not want to miss! You are invited and encouraged to share this invitation and the registration link with others in your organization so they can also attend.
Graydon Spanner, CLCS Branch Manager WESTERVILLE, OHIO, MARCH 2021 – JM Wilson is pleased to announce the addition of Graydon Spanner as Branch Manager of their Westerville, Ohio office. Graydon is responsible for the day-to-day operations of the Westerville office, managing the staff, and developing relationships that foster growth with new and existing independent insurance agents in Ohio, Kentucky, Virginia, West Virginia, and Pennsylvania.
Prior to joining JM Wilson, Graydon was a Risk Management Consultant for USI Insurance Services LLC. An Ohio State University graduate, Graydon earned his Bachelor of Science in Real Estate and Urban Analysis. He also earned his CLCS (Commercial Lines Coverage Specialist) designation and is currently working towards his CPCU (Chartered Property Casualty Underwriter) designation.
Founded in 1920, J.M. Wilson is a Managing General Agency and Surplus Lines Broker providing independent insurance agents access to specialty markets. J.M. Wilson can provide coverage for standard and hard-to-place Commercial Transportation, Property & Casualty, Brokerage, Marine, Personal Lines and Surety. For more information about J.M. Wilson, call (800) 666-5692 or visit www.jmwilson.com.
Towerstone, a Dallas-based wholesale insurance division of IMA Financial Group, has acquired Jacobs & Associates, a general agent and excess and surplus lines broker based in Strongsville, Ohio.
The transaction was effective April 1, 2021.
The partnership opens new markets for Towerstone and Jacobs, while also creating new offerings for the companies’ retail broker partners and specialty risk clients.
Jacobs will join the IMA Financial Group and will retain its name. Its six team members will continue to operate out of the company’s office in Strongsville.
The acquisition is IMA Financial Group’s tenth in the past 12 months and serves as a springboard for Towerstone’s growth within Texas and beyond, the company’s announcement said. Towerstone has specialized in wholesale insurance products and services for the oil and gas industry for three decades, and serves additional industry verticals, as well.
OAPSLO held its first quarter membership meeting on March 18th with guest speaker Tiffany Andersen, Product & Business Development Manager with the Florida Surplus Lines Service Office. Tiffany shared information about the Surplus Lines Information Portal or SLIP.
Mr. Lonneman began his 41-year career with Great American as a casualty underwriter in the Agricultural Excess & Surplus Lines operation. He later joined the Home Office Underwriting Department in 1985 and held positions of increasing responsibility in underwriting management roles.
In 2010, Mr. Lonneman was named Divisional President of the Specialty E&S Division. He assumed his current role in 2018, when he successfully led the merger of the Specialty E&S Division and American Empire Surplus Lines Insurance Company to form Great American Risk Solutions.
Mr. Lonneman will be succeeded by Brian D. DeSoto, Divisional Senior Vice President of Great American Risk Solutions. Mr. DeSoto joined Great American in 2008.
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and indexed annuities in the retail, financial institutions, broker-dealer and registered investment advisor markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 110 years (most recent rating evaluation of “A+” (Superior) affirmed October 20, 2020). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.