MS Amlin acquires the Worldwide Transportation Marine Company in Arizona
MS Amlin acquires the final administration company Worldwide Transportation and Marine Workplace and its related subsidiaries.
Completion of the transaction is topic to customary closing circumstances, together with acquiring regulatory approvals. The circumstances weren’t disclosed.
The primary subsidiary, Worldwide Transportation & Marine Inc., supplies marine and different specialised insurance coverage. ITMA makes a speciality of gentle business trucking and supplies protection for car bodily injury and motor truck freight merchandise separate from car legal responsibility. ITMA companions with designated producers at each the wholesale and retail degree.
Don Kaitz will retain his position as President of ITMA, headquartered in Arizona, and the corporate will proceed to be led by Eric Kaitz, CEO and can stay a stand-alone MGA firm.
MS Amlin is a world reinsurer, a part of the worldwide MS&AD insurance coverage group, with three major authorized entities working within the Lloyd’s, Continental Europe and Bermuda markets.
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