K&K resumes business with new underwriter

Sports and entertainment specialist managing general agent (MGA) K&K Insurance Group is back in business after having found a new underwriting partner. Following a series of poor underwriting results, the MGA’s former underwriter, TIG, withdrew its business. K&K is the biggest MGA in Canada for the leisure and entertainment industries. K&K’s new carrier, Sovereign General Insurance Company, has signed an underwriting agreement covering most of K&K’s business. Sovereign is part of The Co-operators group. 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 left 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 Corp.