Brownyard MacLean Security Insurance Services (BMSIS), a Bloomfield Hills-based managing general underwriter (MGU) startup and program administrator licensed in all 50 states focused on the private security insurance market, has announced a strategic collaboration with Markel.
Through the collaboration, BMSIS will be the exclusive MGU and program administrator for private security insurance products underwritten by member companies of Markel.
BMSIS will offer market-tailored insurance products for general liability and excess liability exposures as well as workers’ compensation and business auto insurance products for security-related companies from highly rated Markel-affiliated companies.
“This strategic collaboration supports our growing commitment to invest, learn and grow our program business utilizing talented partners,” says Jeff Lamb, executive director of programs and alliances of Markel Specialty Programs. “We are excited to work with a company like BMSIS comprised of knowledgeable and well-respected leaders like Matt MacLean and Blair Brownyard.”
Markel, based in Richmond, Va., is a financial holding company that serves a variety of niche markets. The recently formed BMSIS will provide insurance products and high-quality service to the private security industry, with a focus on underwriting security guard, private detective, and alarm operations.
“We are thrilled to have the support of Markel as a program partner as we prepare to go to market and launch what will be part of the next chapter of excellence in the development, distribution and servicing of the insurance needs of the private security industry,” says Matt MacLean, co-founder and CEO of BMSIS.