Aegis General and K2 Insurance are pleased to announce a new strategic partnership to support homeowners insurance in California.
K2 Insurance Services’ subsidiary, Aegis Specialty Insurance Services (Aegis Specialty) is pleased to announce that it has formed a partnership with DB Insurance Company to provide homeowners (HO-3) and dwelling fire (DP-3) policies in California. The new partnership further supports the popularity of the homeowner and dwelling fire products that Aegis has been selling throughout California for many years.
Based in Sunnyvale, California, Aegis Specialty is the division of Aegis General Insurance Agency, Inc. that specializes in the California residential property insurance market. Aegis has developed a reputation for robust coverages, superior customer service, and an incredibly easy-to-use and intuitive policy platform. Aegis’ homeowner, dwelling fire, stand-alone earthquake and motorcycle programs are distributed through direct retail relationships with producers, as well as through partnerships with select national carriers.
“Our homeowner and dwelling fire programs have been very popular in California,” noted Tim Summers, President of Aegis Specialty. “The additional capacity that DB Insurance Company provides allows us to expand on the availability of these programs with another admitted carrier,” Summers continued.
DB Insurance Company is the third largest non-life insurer in South Korea, with U.S. branch offices in Hawaii, California and New York. DB has an “A” (Excellent) financial strength rating from A.M. Best and operates on an admitted basis in the United States.
“We are excited to partner with the team at Aegis Specialty and look forward to supporting their continued growth in California,” said Sangho Byun, California Branch Manager of DB.
Aegis General is a subsidiary of San Diego-based K2 Insurance Services, LLC. K2 has several unique specialty program administrators and MGA’s that underwrite and distribute property/casualty insurance products on behalf of a select group of high-quality balance sheet partners. In aggregate, K2’s subsidiary companies currently write more than $800 million of specialty insurance premiums.