Operations Discontinued for Pacific Wholesale Insurance Brokers, LLC

To all ISCG Agents,

Effective February 15, 2012, Insurance Specialty Group, LLC (“ISG”) will discontinue its wholesale brokerage operation of Pacific Wholesale Insurance Brokers, LLC (“PWIB”).  ISG sold the renewal rights on much of PWIB’s book of business and will be winding down the affairs of PWIB over the next several months.

ISG’s underwriting operation, Insurance Specialty Construction Group, LLC (“ISCG”), underwrites residential and commercial contractors and remains fully operational and focused on growth.  The closure of PWIB will have no adverse impact on the underwriting operations.

ISCG continues to have very strong relationships with AmTrust (GL Insurer) and AXIS (Builders Risk Insurer) and both companies are working with ISCG to continue strengthening our program.  Our underwriters have begun to see improvements in the housing market with increased submission flow and increased in builder exposure values.  The company is well positioned to serve our clients and to respond to future growth.

If you have any questions regarding this matter, please feel free to contact Stephen Harrell or me.  Contact information is listed below.

Regards,

Bruce Harrell
President and CEO

Bruce E Harrell, President & CEO
[email protected] I (678) 742-6313
Stephen D Harrell, Vice President
[email protected] I (678) 742-6336

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