Merger of AAMGA and NAPSLO gets green light
The American Association of Managing General Agents (AAMGA) and The National Association of Professional Surplus Lines Offices (NAPSLO) look increasingly likely to merge following the approval of a merger proposal by the boards of each respective body.
The merged entity is to be renamed The Wholesale & Specialty Insurance Association (WSIA).
On April 12, the AAMGA Board of Directors approved the Merger Proposal, an Agreement and Plan of Merger, and a Board Resolution to merge with NAPSLO. On April 14, the NAPSLO Board of Directors approved the same, and a Board Resolution to merge with the AAMGA.
In a statement, the bodies said: “The Merger Committee and AAMGA and NAPSLO leaders are thrilled to announce the formal approval of the Merger Proposal, which represents an exciting opportunity for members and our industry in the formation of WSIA. This new, merged association will undoubtedly unify and strengthen our voice in the industry. Through the creation of WSIA, we are confident that we will provide members with a menu of programs and services custom-designed to most effectively meet the needs of members, of all shapes and sizes, while bringing a renewed energy and purpose to the organization.”
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