Rockwood Programs Finalizes Acquisition of Modern Insurance Consultants

  Rockwood Programs Finalizes Acquisition of Modern Insurance Consultants

Business Wire

WILMINGTON, Del. -- January 18, 2013

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 President. 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 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 service.”

“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 800-558-8808.

Contact:

Rockwood Programs, Inc.
Glenn Clark, 800-558-8808
glenn.clark@rockwoodinsurance.com