Holmes Murphy has announced the addition of industry veteran Tim Anders, who has been tapped to assume the role of president of programs.
In this capacity, he will oversee the formalization of existing programs and drive the creation of fresh opportunities for the independent broker’s managing general agent (MGA) practice.
The strategic move aims to empower the Holmes Murphy team to expand its reach, craft tailored insurance solutions that precisely meet clients’ needs through stronger collaborations with carrier partners and have a better influence on risk outcomes. Holmes Murphy will reveal the name of its MGA practice in the months ahead.
MGAs have emerged as a rapidly growing segment of the insurance value chain, accounting for $70+ billion of premium. Carriers increasingly seek out MGAs for their expertise, innovation, and refined underwriting in specific business lines, enabling carriers to expand and enter new markets.
Anders, touting over 35 years of experience in underwriting, new program development, program management, and leadership, is a highly esteemed figure in the insurance industry. His prior engagements with companies like Ryan Specialty, Breckenridge Insurance, Zurich, and Atlantic Mutual have exposed him to diverse industry classes and coverages.
“As Holmes Murphy continues to invest in opportunities to broaden capabilities that directly impact our clients, embarking more formally into the MGA space is a great opportunity for us,” Holmes Murphy chairman and CEO Dan Keough said. “We have a rich, 91-year history of creating, building, and scaling companies through core brokerage services expertise in property-casualty and employee benefits, along with our subsidiary businesses and distribution model. Adding an MGA practice into the mix is just one more way we are looking to enhance the value we bring to our clients, brokers, and insurance carrier partners.”
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