AM Trust acquires contractor managing property and casualty insurance agency – Reinsurance News

Global property and casualty insurer AM Trust Financial Services has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA).

CMGIA is a California-based MGA that provides surety bonds to small to medium-sized contractors. The company focuses on the needs of construction professionals nationwide.

Our firm is led by Stephanie Shear, a seasoned guarantor with over 40 years of experience.

Following the acquisition, Shear will participate in AmTrust’s assurance business, along with several of CMGIA’s underwriters and support staff.

AmTrust Surety President Sam Zaza said:

Stratumn, SIA Partners

“CMGIA’s underwriting talent and agency network will be a key factor in the growth of our guarantee business.”

Shear adds: CMGIA continues to source profitable specialty business while increasing account size, expanding geographically, and providing best-in-class service to agents and obligors. “

In addition, AM Trust We recently acquired the midmarket management responsibility business of DUAL North America.

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