Aegis General and K2 Insurance announce new strategic partnership to support wildfire-exposed homes in California.
K2 Insurance Services’ subsidiary, Aegis Specialty Insurance Services (Aegis Specialty) is pleased to announce that it has formed a partnership with Seaview Insurance Company to make a new, truly stand-alone Difference in Conditions (DIC) program available in California to better support wildfire-exposed homes throughout the Golden State.
“Working with Seaview, our team at Aegis Specialty has developed a new and innovative DIC program to better serve California consumers who are having trouble obtaining full HO-3 coverage from the admitted market,” noted Bob Kimmel, K2’s President and CEO.
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 Specialty 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.
Seaview is an admitted carrier based in California with a conservative balance sheet that is managed by industry veteran Pat Kilkenny. Pat has a history of successful insurance ventures, most notably as CEO of The Arrowhead Group, one of the nation’s largest general agencies before he sold it and moved on to form K2 Insurance Services with Bob Kimmel.
“We are excited to bring together and support the seasoned management team at Aegis Specialty coupled with the technology, customer service and distribution to provide a needed product in California,” said Pat Kilkenny, Chairman of Seaview.
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.