Insurance groups set merger vote for mid-2017
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Members of the National Association of Professional Surplus Lines Offices Ltd. and the American Association of Managing General Agents will vote on their proposed merger in mid-2017, assuming a merger committee issues a favorable report, NASPLO said Friday.
Kansas City, Missouri-based NAPSLO and King of Prussia, Pennsylvania-based AAMGA announced they were discussing the merger in October.
An announcement on the vote will be sent at least 60 days in advance, according to the message sent to NAPSLO members by president Dave Leonard and merger committee chairman Hank Haldeman. A similar message was sent to AAMGA members last month.
About 77% of AAMGA members also belong to NAPSLO, while 48% of NAPSLO voting members belong to the AAMGA, according to the statement.
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NAPSLO, AAMGA in consolidation talks
The National Association of Professional Surplus Lines Offices Ltd. and the American Association of Managing General Agents are discussing a merger, the two associations said Thursday in a joint email sent to their members.
