AmTrust acquires Contractor Managing General Insurance Agency
Specialty P&C insurer AmTrust Financial has acquired Contractor Managing General Insurance Agency , a California-based MGA that offers surety bonds to small to mid-sized contractors nationwide.
“The addition of CMGIA allows AmTrust to immediately establish a presence in the small to mid-size contractor surety market. CMGIA’s underwriting talent and agent network will be a key component in the growth of our surety business.” – Sam Zaza, President, AmTrust Surety.
CMGIA will offer surety bonds to small to mid-size contractors across 50 states building on its strong track record of handling a wide-range of standard and specialty accounts. The Company is led by Stephanie Shear, a seasoned surety underwriter with over 40 years of experience. Ms. Shear will join AmTrust’s surety business along with several underwriters and support staff from CMGIA.