K&K resumes business with new partner

Sports and entertainment insurer K&K Insurance Group is back in business after having to find a new underwriting partner. K&K, the biggest managing general agent (MGA) for the leisure and entertainment industries, was on hold after its largest carrier TIG dropped out. Now a new carrier, Sovereign General Insurance Company, has signed a managing underwriter agreement to cover most of K&K’s business. Sovereign is part of The Co-operators. K&K will also continue to write with other carriers, including Centennial and ASU.”In this marketplace, as clients assess their changing insurance needs, it is more important than ever to offer quality coverage and service,” says K&K’s vice president and general manager for Canada, Tom Butler.When K&K halted operations, many clients were scrambling for coverage in a small, tight market.This year also marks K&K’s 50th anniversary, Butler notes. The company is a subsidiary of Aon Corporation.