San Diego, CA, 4/4/13 – Atlas General Insurance Services, LLC, is pleased to announce its acquisition of South Bay Underwriters, LLC, from Bliss & Glennon, a leading national managing general agency and surplus lines broker. Upon closing of the transaction, scheduled to occur May 1, 2013, a newly formed unit of Atlas will be established under the name “Atlas Specialty Property Division.” This new division will be headed by industry veteran John Coleman, who will be based in Atlas’ newly opened Manhattan Beach, California, office.
The Specialty Property Division will focus on Difference in Conditions (DIC) Insurance, which provides coverage designed to close specific gaps in standard insurance policies for commercial risks. The division will concentrate its efforts on commercial property risks largely comprised of real estate schedules, municipalities, and retail with catastrophic exposed perils.
Andrew Petersen, Executive Vice President of Atlas, said, “We are thrilled to establish our footprint into the commercial property arena, especially behind such a reputable individual as John Coleman. We look forward to growing our presence in this space under his leadership.”
About Atlas General Insurance Services®
Atlas General Insurance Services is a full service general insurance agency that offers a wide range of insurance solutions. Atlas has expertise in developing and underwriting programs with a variety of insurance carrier partners. Atlas has the primary goal to provide exceptional service and unique options for its clients.
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