|[January 18, 2013]
Rockwood Programs Finalizes Acquisition of Modern Insurance Consultants
WILMINGTON, Del. --(Business Wire)--
Rockwood Programs has recently acquired the remaining ownership interest
in Modern Insurance Consultants, LLC. Rockwood had originally purchased
a majority stake in the Homestead FL-based agency in December 2008.
"We feel this new arrangement capitalizes on the unique strengths of
each partner," says Glenn Clark, Rockwood's President. "Mark Lann
(original Modern principal) and his team have a proven track record of
success in the Insurance Agent's E&O arena, especially in the state of
Florida. Rockwood Programs possesses the markets, distribution outlets,
and legal status to transact business on a national scale."
Mark Lann will assume the position of Executive Vice Presient. In this
capacity, he will be responsible for all Insurance Agent's E&O business
written through the newly combined entity. Mark will also take on the
task of maintaining and expanding our business relationships with key
partners, including the Strategic Independent Agent's Alliance (SIAA),
Target (News - Alert) Markets Program Administrator's Association (TMPAA), and the
National Association of Surety Bond Producers (NASBP).
"All administrative and back-office operations for both entities will be
transitioned to Rockwood's Wilmington Delaware facility," continues
Glenn. "Centralizing these tasks will allow us to function more
efficiently while still retaining our commitment to superior customer
"We are definitely excited to be a part of this new enterprise," states
Mark Lann. "As a result of our combined market access, we will be able
to offer an even wider array of pricing and coverage term options for
our Insurance Agent clients. Modern's existing customer base will also
have access to Rockwood's extensive portfolio of other professional and
management liability products."
Agency groups, insurance carriers, or affinity organizations interested
in establishing a strategic business arrangement with Rockwood should
contact Mark Lann. Mark can be reached by calling toll-free at
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