Origin Specialty Acquires AIMS, Agricultural-Focused MGU
July 11 2024 - 10:22AM
Business Wire
Origin Specialty Underwriters Agency, LLC (“Origin Specialty”),
an expansive Managing General Underwriter (“MGU”) leader in
innovative risk solutions and partner company of Beyond Risk, is
pleased to announce the acquisition of Agricultural Insurance
Management Services, LLC (“AIMS”), an agribusiness
insurance-focused MGU. This acquisition supports the Beyond Risk
mission to partner with exceptional teams and markets to offer our
clients diverse program underwriting and alternative risk financing
solutions.
Industry veteran Clark Lindley founded AIMS to address the need
for quality agribusiness insurance solutions. In 2000, Clark began
underwriting policies in-house while expanding AIMS’ agricultural
agent network. Today, AIMS is an agribusiness-focused MGU providing
exceptional insurance solutions to farms, ranches, equine
operations, estate farms, and commercial growers of agricultural
products. AIMS offers a variety of farm-related coverages,
including homes, barns, farm equipment, auto, and liability.
“We are excited to partner with the Origin Specialty team.
Origin’s approach to program underwriting, carrier and reinsurance
partnerships and products, strong distribution relationships, and
unique operational platform will allow us to expand the
distribution of our existing product offerings while adding
innovative solutions for our clients and agents,” says Clark
Lindley, President of AIMS.
“I am impressed with the underwriting capabilities at AIMS and
outstanding customer service provided to their agents and insureds,
which Clark and his team have built over the last 20+ years,” said
Neno Djordjevic, President of Origin Specialty. “Their
long-standing agent and carrier partner relationships match our
ethos at Origin Specialty, and we are excited to continue to grow
with the AIMS team, reaching a broader network of agents and
brokers together,” he added.
“The partnership with the AIMS team is a strategic expansion of
Origin Specialty’s business and complements our existing products
at Beyond Risk. Partnering with the AIMS team is a compelling
opportunity to increase our combined underwriting and expand in an
underserved market with a leading program underwriting team,” said
Blake Wakefield, CEO of Beyond Risk.
Both companies' clients and partners can expect a seamless
transition and an enhanced suite of services designed to meet their
evolving needs and preferences.
For more information about Origin Specialty, Beyond Risk, and
AIMS, please visit https://origin-specialty.com/,
https://www.beyondrisk.com/, and https://www.aimscentral.com/.
Advisors
Marsh, Berry & Company acted as the exclusive financial
advisor for the Seller.
About Origin Specialty
Origin Specialty aims to be the nation’s preferred specialty
insurance provider for small and mid-sized risks. Specialists in
restaurant, hospitality, excavation, and worker’s comp programs, we
provide innovative insurance product solutions that protect against
risk with our deep understanding of client needs.
About Beyond Risk
Beyond Risk was created to become the largest and most
comprehensive independent risk management solutions provider to
help middle-market and SMB clients manage their risks.
Transparency, trust, and integrity underpin how we operate and are
the hallmarks behind our success, along with an unwavering
commitment to helping make a difference in a client’s approach to
risk.
About AIMS
Founded in 2000 by industry veteran Clark Lindley and licensed
in 30+ states. Clark and his underwriting manager Tammy Hooker,
brings over 50+ years of underwriting and carrier experience in the
agriculture sector. AIMS’ mission is to help retail insurance
brokers with placing their farm risks. We carefully match brokers
with carriers to provide a broad range of farm and farm-related
coverage for America's farmers.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709218780/en/
Andy Behrends Chief Financial Officer, Beyond Risk
abehrends@beyondrisk.com
Tyler Lamer VP Corporate Development, Beyond Risk
tlamer@beyondrisk.com
Neno Djordjevic President of Origin Specialty
ndjordjevic@origin-specialty.com
Tammy Hooker Underwriting Manager, AIMS
thooker@aimscentral.com