Business Moves
Heffernan
Heffernan Insurance Brokers has established a new office in Chesterfield, Mo. – “Wrap Up Insurance Solutions” – which it describes as a full service wrap up administrator and consultant for all types of construction wrap ups, including owner and contractor controlled (OCIP/CCIP) insurance programs.
Wrap Up Insurance Solutions is part of San Francisco-based Trek Insurance Solutions, a division of Heffernan, which specializes in construction wrap service and administration.
Though part of Heffernan, Wrap Up Insurance Solutions works independently to develop partnerships with other brokers and agencies to assist them in the placement and/or administration of wrap up programs for their clients.
Heffernan Insurance Brokers, headquartered in Walnut Creek, Calif., was named the 9th Largest Independent Broker in the U.S. by Insurance Journal in 2008.
Ameriana, Chapin-Hayworth
Indiana’s Ameriana Insurance Agency, a subsidiary of Ameriana Bank, plans to purchase the book of business of the Chapin-Hayworth Insurance Agency Inc., a multi-line property/casualty insurance agency located in New Castle, Ind.
The transaction is expected to close on or before July 1, 2009.
Following the purchase, Ruth Hayworth, the current owner of Chapin-Hayworth Insurance Agency, and her staff will remain and continue to serve existing and new clients as part of Ameriana.
Ameriana Bank owns Ameriana Insurance Agency, a full-service insurance agency, Ameriana Financial Services, which offers securities and insurance products through LPL Financial (Member FINRA/SIPC), and Ameriana Investment Management.
Cincinnati Financial Corp., Moody Insurance Agency
Cincinnati Financial Corp.’s property casualty insurance subsidiary, Cincinnati Insurance Co., has appointed Moody Insurance Agency in Denver as the first independent agency in Colorado to market its business insurance policies and services.
Brad Moody is president of Moody Insurance and Kim Burkhardt is director of sales development.
Colorado is the 36th state of operation for the insurer. Cincinnati plans to enter its 37th state, Wyoming, later this year. The company anticipates making eight independent insurance agency appointments in Colorado and Wyoming in 2009.
River North
River North Insurance Services (rivernorthinsurance.com), a newly formed insurance brokerage with offices at 400 N. State St. in Chicago, announced it will be offering both business and personal lines of insurance. It also specializes in providing insurance services to the entertainment industry.
River North is led by owner and Chief Executive Officer Jonathan Segal. River North’s founding team of five specialists have more than 100 years of collective experience and a deep understanding of working with and servicing clients’ specialized needs, the company said.
River North’s offices have the capacity to eventually accommodate a staff as large as 30. In the future, the company also plans to open an office in Los Angeles that will specialize in the entertainment industry.
National Interstate
National Interstate Corporation, headquartered in Richfield, Ohio, and its principal operating subsidiary, National Interstate Insurance Company, are celebrating 20 years of service in the transportation insurance industry. National Interstate offers a broad array of programs including traditional insurance and innovative captive solutions. The company also provides personal lines products for specialty vehicle owners, as well as transportation and general commercial insurance in Hawaii and Alaska.
National Interstate specializes in passenger transportation insurance in the U.S., but it has also expanded its offerings to include over 30 specialty products. The company insures everything from school buses, motor coaches, trucks, limousines and non-emergency medical transportation to all types of recreational vehicles and commercial vehicles used by small business owners.