Latest news with #K2InsuranceServices
Business Wire
7 days ago
- Business
- Business Wire
Aegis General's Accident Health and General Liability GAP Product now Available in 40 States
HARRISBURG, Pa.--(BUSINESS WIRE)-- Aegis General Accident Health and General Liability (AGIA AH&GL), a division of K2 Insurance Services, announces today the expansion of their GAP product into 40 states. GAP is an employer-sponsored Group Supplemental Health plan designed to offset the cost of High-Deductible Health Plans by lowering out-of-pocket costs to employees. AGIA AH&GL's GAP product has been available in the Northeastern United States since 2010, offering a simple, easy-to-sell solution compatible with most major medical plans. Designed as a compelling alternative to HSAs, GAP delivers strong customer satisfaction and fast claims processing, supported by competitive broker commissions, streamlined quoting and enrollment tools, and a dedicated broker support team. Why GAP is a Great HSA Alternative: Broader Coverage: Immediate protection for deductibles, co-pays, and large hospital bills—no need to wait for funds to accumulate like with HSAs or FSAs. Ideal for High Deductibles: Helps reduce the financial burden associated with high-deductible health plans (HDHPs). Immediate Payout: Bills are paid directly, minimizing delays and avoiding financial stress. Lower Management Burden: Requires less tracking and administration compared to HSAs and FSAs. No Restrictions of Savings Accounts: No 'use-it-or-lose-it' rules, no pre-funding requirements, no contribution limits, and no investment risk. 'GAP is a great alternative to the HSAs which have become dominant in the High-Deductible Medical Plan universe, often to the detriment of the end user,' said Pat McGovern, President of AGIA AH&GL. 'GAP is a fully insured product that provides immediate access to benefits. It's been highly successful in the Northeast, where a loyal network of agents sees it as a practical solution to rising medical costs. We're excited to expand its reach to agents nationwide.' To learn more about how GAP can complement your clients' healthcare coverage and drive value for your business, visit or email gap@ About AGIA AH&GL: AGIA AH&GL is a specialty MGU providing tailored Accident & Health solutions across the Amateur Sports, Special Events, and Employee Benefits markets. Led by industry veteran Pat McGovern, whose 30+ year career began at CIGNA, AGIA AH&GL combines deep expertise with a commitment to innovation and service. AGIA AH&GL is a K2 Insurance Services brand. About K2 Insurance Services: K2 Insurance Services is an insurance services holding company that owns and controls a diverse set of MGAs, marketing, underwriting and servicing nearly $2 billion annually in niche commercial and personal insurance premiums. Our mission is to protect what matters most to our partners and clients through personalized and specialty insurance products by distributing innovative programs and products through trusted direct, retail and wholesale channels. Formed and led by successful insurance industry veterans and backed by Warburg Pincus, K2 is leading the way with specialty insurance programs.
Business Wire
28-05-2025
- Business
- Business Wire
Aegis Energy Announces Partnership with Everspan Group for new Excess Program for Petroleum Gasoline Haulers
CONWAY, Ark.--(BUSINESS WIRE)-- Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today a partnership with Everspan Group, the AM Best rated A- (Excellent) carrier, to launch a new Excess program for Petroleum Gasoline Haulers. This Excess program is specifically designed to meet the needs of retail and wholesale Petroleum Gasoline Haulers engaged in petroleum and propane product distribution. Offering up to $4 million in excess coverage, the program is available nationwide, except for Massachusetts, Hawaii and Alaska. This non-admitted product provides enhanced flexibility for retail agents, enabling them to effectively address the unique risks faced by their petroleum industry clients. "We are excited to launch this new Excess program in partnership with Everspan Group, a leader in the insurance sector," said Doug Strange, President of Aegis Energy. "This collaboration represents a significant step forward for Aegis Energy, as it allows us to provide enhanced risk management solutions for petroleum and propane distributors. Everspan's strong market presence and commitment to excellence align perfectly with our mission to deliver exceptional coverage and service to our clients across the U.S." Darwin Lucas, Chief Underwriting and Reinsurance Officer at Everspan, added: 'At Everspan, we seek partners who have unparalleled expertise and who share our commitment to underwriting excellence. Aegis Energy fits that bill. Doug and his team are top-notch underwriters, and their laser focus on downstream petroleum product distribution uniquely positions them to create innovative insurance solutions for their sector. This Excess program is an example of that, and we are thrilled to partner with them on it.' About Aegis Energy: Aegis Energy, by Aegis General Insurance Agency, specializes in providing comprehensive insurance and risk management solutions tailored for the downstream petroleum product distribution sector. With a primary focus on enterprises involved in the wholesale and retail sale of petroleum and propane including common carriers, Aegis Energy also offers ancillary solutions for rural retail home heating oil distribution, as well as the hauling of bulk oil, used oil, crude oil, and salt water. Founded by a team with deep underwriting and risk engineering expertise, Aegis Energy delivers exceptional service and innovative solutions to meet the unique needs of our clients. Aegis Energy is a K2 Insurance Services brand. About K2 Insurance Services: K2 Insurance Services is an insurance services holding company that owns and controls a diverse set of MGAs, marketing, underwriting and servicing nearly $2 billion annually in niche commercial and personal insurance premiums. Our mission is to protect what matters most to our partners and clients through personalized and specialty insurance products by distributing innovative programs and products through trusted direct, retail and wholesale channels. Formed and led by successful insurance industry veterans and backed by Warburg Pincus, K2 is leading the way with specialty insurance programs. Everspan Group is a specialty property and casualty insurance platform that operates nationwide on an admitted and non-admitted basis. The companies that comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company. For more information, please refer to
Yahoo
17-04-2025
- Business
- Yahoo
K2 Cyber teams up with TransUnion to enhance cyber insurance offerings
K2 Cyber, a division of K2 Insurance Services, has joined forces with TransUnion to bolster its commercial cyber services and cyber claims management. The collaboration will provide K2 Cyber policyholders with access to TransUnion's TruEmpower CyberScout solution, which assists companies in mitigating cyber incident risks. K2 Cyber CEO and founder Keith Moore said: "At K2 Cyber, we are committed to delivering unparalleled protection and support to our policyholders. Partnering with TransUnion allows us to enhance our offerings with cutting-edge solutions that not only address current cyber threats but also empower our clients to proactively safeguard their digital environments, helping us redefine cyber risk management for the SMB sector.' The partnership aims to strengthen K2 Cyber's services by including cyber claims management, incident response, forensics consultation, identity theft prevention tools and a dedicated crisis hotline. TransUnion Global Cyber Insurance Business head Matt Cullina stated: 'The aftermath of a data breach can feel chaotic for a business owner, and it is difficult to even know how to begin addressing the situation. CyberScout's services are both technical and consultative to assess and repair the damage, while helping small business owners navigate the process – so they can focus on protecting their customers as well as their brand.' TransUnion is a global insights company with more than 13,000 associates in 30-plus countries, offering actionable consumer insights in credit, marketing, fraud and analytics. Earlier this month, K2 Insurance Services launched K2 Cyber, which operates as a managing general agent focusing on cyber insurance for small and medium-sized businesses. It employs a data-centric approach that integrates AI, real-time threat intelligence, behavioural analytics and automated risk assessments. "K2 Cyber teams up with TransUnion to enhance cyber insurance offerings " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
