The acquisition encompasses CSIB’s contract binding division. Credit: Elle Aon/Shutterstock.

Monarch E&S Insurance Services, a unit of the Specialty Program Group, has acquired the assets of Commercial Sector Insurance Brokers (CSIB).  

Based in Birmingham, Alabama, CSIB brings expertise in offering E&S wholesale broking services. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

It serves a variety of sectors including mining, property, railroad and trucking. 

The acquisition encompasses CSIB’s contract binding division, which caters to a spectrum of risks such as contractors, lessors’ risk and hospitality.  

With a management team with more than 50 years of combined industry experience, CSIB has cultivated a network of retail brokers and capacity providers. 

CSIB’s purchase is expected to enhance Monarch E&S’ capabilities, providing more holistic coverage solutions.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The partnership aims to develop tailored insurance products that meet the specific needs of the mining sector and other industries. 

Monarch E&S CEO Derek Borisoff said: ”CSIB has established a strong reputation in our industry and brings a depth of specialisation that complements Monarch’s current offerings. 

“Integrating CSIB will enhance our capabilities and enable us to offer a more comprehensive contract binding solution nationwide. We are enthusiastic about the potential to expand our service offerings to include CSIB’s expertise in the mining sector.” 

CSIB president Bob Bleistine said: “Joining Monarch E&S is a transformative move for us. It presents an opportunity to leverage Monarch’s extensive resources while continuing to offer the high-level, specialised service our clients expect. We are excited to contribute to and grow within Monarch’s dynamic environment.” 

In May 2023, Monarch E&S acquired the assets of Commonwealth Underwriters, a speciality lines managing general agent and wholesale broker.  

Commonwealth Underwriters is focused on securing insurance coverage for hard-to-place risks that standard markets do not underwrite.