King's Bay Insurance Services, Inc. Now Operates as MGA
31 May 2005
Bruce K. Howson, President and Chief Executive Officer of Intendant Holding Corporation ("IHC") is pleased to announce that the Florida Department of Financial Services has issued a license to IHC's insurance services subsidiary King's Bay Insurance Services, Inc. (KBIS) to operate as a Managing General Agency. KBIS along with King's Bay Reinsurance Intermediaries, Inc. ("KBRe") are the principle operating subsidiaries of IHC.
Howson added, "KBIS is positioned to provide managing general agency services in addition to consulting services to clients that are engaged in start-up situations or the strategic expansion into new opportunities in their target markets. Our strategic alliance with a major insurance industry IT provider gives KBIS a core policy management and claims system capability that enables new companies or those seeking to restructure the opportunity to enter the marketplace with a technology advantage over traditional legacy driven company systems. Management has over 40 years experience in the property casualty business with a focus in the past 12 years on Florida and the Southeastern States. Expertise includes both personal and commercial lines management, underwriting and claims experience."
In a further development, Philip C. Cawley, President of KBRe is pleased to announce the formal completion of the agreement for all reinsurance support services for KBRe. "The completion of this agreement allows KBRe to partner with a strong institution that will offer full back office capabilities and support including catastrophe modeling, fiduciary accounting and reinsurance claims handling. We are excited about this alliance and look forward to working with our new colleagues."
IHC and its operating subsidiaries are located in Ponte Vedra Beach, Florida. The phone number is (904) 273-9777. Inquiries should be directed to either Mr. Howson or Mr. Cawley at that number.
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Source: Intendant Holding Corporation
Source: PR Newswire
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