HORSHAM, Pa., June 10, 2013 /PRNewswire/ -- Jeremy Gluck, an insurance industry veteran who specializes in the development of growth strategies for insurers, reinsurers, brokers and other firms, has joined Aegis Security Insurance Group as senior vice president-Strategic Marketing, Bob Kimmel, Aegis CEO and president of K2 Insurance Services, LLC (K2) announced today.
The appointment follows the acquisition of Aegis by K2 in April. Gluck, Kimmel said, will focus on the development of growth strategies to complement Aegis' managing general agency distribution strategy.
"We acquired Aegis a month ago because of its industry-leading expertise in underwriting manufactured homes and other residential properties," Kimmel said. "Our strategy now is to provide Aegis with the resources to expand its franchise nationally.
"Jeremy has deep experience in residential property insurance and in distribution channels that would complement our current traditional agency approach," Kimmel added. "His expertise and relationships will help us in finding opportunities in the residential property market that we have not historically had access to."
For the past five years, Gluck has owned and operated a consulting firm advising companies in the insurance and reinsurance industry on alternative growth strategies, some of which may be considered for Aegis. These include, for example, partnering with "in-house" brokers owned by insurance carriers, or working with bank-owned insurance agencies.
Gluck began his career with reinsurance broker E.W. Blanch in 1995. The company eventually became Aon Benfield, where Gluck was a senior vice president until 2006, when he left to join reinsurance broker Willis Re. In 2008, he formed his consulting firm and has spent the last five years deploying growth strategies on behalf of other specialty insurers focused on dwellings and manufactured housing.
K2 was formed in 2011 to acquire managing general agencies (MGAs) and specialty underwriters to create a leading franchise in the insurance program market. K2 comprises a specialty insurance franchise that is expected to generate approximately $165 million of gross written premiums in 2013. Additional information on K2 is available at www.K2ins.com.
K2 was formed with the backing of private equity fund Endeavour Capital, based in Portland, Ore. Additional information is available at www.endeavourcapital.com.
SOURCE K2 Insurance Services, LLC