Business Moves
North American Group, CIC Insurance Brokers, CTK Insurance Services
North American Group, headquartered in Oklahoma City, Okla., acquired Abilene, Texas-based CIC Insurance Brokers Inc. and CTK Insurance Services Inc. of Anaheim, Calif.
CTK is a retail insurance agency focused primarily in the Western U.S. while CIC is a program administrator that delivers products through independent insurance agencies nationwide. Mystic Capital Advisors Group LLC represented both sellers.
North American Group has existing retail, wholesale and program insurance offices in Oklahoma, Texas and Oregon. With the acquisitions of CTK and CIC, with over $4 million in combined revenue, the group’s total revenue now approaches $40 million annually.
Source: North American Group
Houston General Insurance Exchange
Houston General Insurance Exchange is now offering, through select independent agents in Texas, personal lines products — including coverage for automobiles, homes, condominiums, watercraft and personal liability — to Lone Star State consumers through its OneChoice suite of products.
In addition to delivering home and auto protection, Houston General is offering package policies in Texas. OneChoice CustomPac allows customers to combine all of their personal lines coverage in one policy, with the added convenience of one bill and a single deductible for any loss involving both homeowners and auto.
Houston General Insurance Exchange is a property/casualty insurance carrier owned by its policyholder members. It is managed by Houston General Insurance Management Company, a subsidiary of Boston-based OneBeacon Insurance Group. In addition to Texas, the company conducts business in Arizona and South Carolina.
Source: Houston General
America First Insurance
Dallas-based America First Insurance, a member of Liberty Mutual Group, has added real-time policy inquiry, endorsement quoting, and electronic endorsement submissions to the roster of functions available through Personal IQ, the company’s web-based technology for personal lines.
The company said the enhancements allow America First appointed agents the following real-time functions for home, auto, umbrella, and packages through Personal IQ: Endorsement quoting, endorsement submissions, and cancellation requests; policy inquiry search by policy number or policyholder name; access and display of current, first, prior, and renewal terms’ policy data; current policy data modification capability for endorsement requests; motor vehicle registry report ordering for newly added drivers; and summary of policy transaction history.
Personal IQ allows for free navigation, which gives agents the ability to move freely among all data fields and screens associated with a policy, including hot links between the new business and endorsement workflows. Additionally, agents can now view more data on a single screen, such as all drivers and vehicles covered on a policy, rather than scrolling across multiple screens.
America First Insurance distributes its property/casualty products through appointed independent agents in Arkansas, Louisiana, Oklahoma, and Texas.
Source: America First Insurance