Aegis Lumber & Building Materials Launches with Backing by Insurance Specialty Program Powerhouse, K2 Insurance Services
Program writes all five lines of Property and Casualty insurance coverages with top ‘A’ Rated Insurance Carriers
CHARLOTTE, N.C., November 29, 2023--(BUSINESS WIRE)--Aegis Lumber & Building Materials, a division of Aegis General Insurance Agency and K2 Insurance Services, announce today the launch of their Lumber and Building Materials insurance program. Aegis LBM writes all lines of coverage with significant capacity in this challenging market, writing Property up to $20M per risk, General Liability, $5M of in-house capacity for Excess Liability and Workers Compensation nationally, plus regional admitted Commercial Auto in select states.
With Fortegra Specialty Insurance Company (AM Best’s rated A- IX), Aegis LBM will write building materials manufacturers and dealers, hardware stores, lumberyards, secondary forest products (such as cabinets, trusses, and molding), wood products of all types, granite and marble countertops, brick and block, and most other materials that go into houses and buildings. Aegis LBM will also write Workers Compensation with Midwestern Insurance Alliance (a sister program at K2) with QBE Insurance, and will write Northeastern Regional Auto with Lancer Insurance.
Jamie Taylor, the President of Aegis LBM, leads an experienced team of lumber insurance veterans, including Bob McSorley, a 30+ year insurance leader, formerly of Pennsylvania Lumbermens Mutual. Their niche-specific underwriting, paired with their commitment to responsiveness and ease of doing business are what sets this group apart.
"We have an awesome team in place with strong products, great carrier partners and solid loss control for almost any risk in our market," said Taylor. "We’re thrilled to bring Aegis Lumber & Building Materials to a market in need of excellent underwriting, superior service, and outstanding loss control solutions."
"Fortegra is excited to work with K2's Lumber & Building Materials Division," said Cooper Wallach, VP of Specialty Products and Programs of Fortegra. "Jamie Taylor and his experienced team of underwriting professionals are poised to make a significant impact in this niche home improvement industry. We are proud to be a part of their future success."
About Aegis Lumber & Building Materials:
Aegis Lumber & Building Materials is a new Insurance Program providing the full suite of Property & Casualty Insurance coverages for the Lumber, Building Materials and Secondary Forest Products Industries. Writing large capacity Property, General Liability and Excess Casualty, Workers Compensation and Commercial Auto through partners Fortegra Insurance Company, Midwest Insurance Alliance, QBE Insurance and Lancer Insurance, Aegis LBM offers coverage for all of your lumber and building material needs. Backed by a team with deep lumber insurance experience, Aegis LBM is dedicated to providing the best in class customer experience.
Aegis Lumber and Building Materials is a K2 Insurance Services Brand.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231129488658/en/
Contacts
Program Inquiries:
Jamie Taylor, President
jataylor@aegislbm.com
310.780.1897
Media Inquiries:
Katherine Moura, Chief Brand & Communications Officer
kmoura@k2ins.com
