Tangram Insurance Services Inc., a managing general underwriter and program manager, has purchased the assets of Langhorne, Penn.-based managing general agent, GMG Underwriters (GMGU). The transaction became effective May 1, 2019.
Matt Smerkanich, former owner and president of GMGU, has joined Tangram as managing director and will continue to oversee the day-to-day operations of his team and programs.
Smerkanich will collaborate with Rekha Skantharaja Schipper, president and CEO at Tangram Insurance Services Inc., to grow the company’s current programs and seek new opportunities.
GMGU’s main products include kidnap and ransom, foreign package, active assailant, workplace violence, political risk and defense base acts.
Source: Tangram Insurance Services Inc.
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