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. 

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.  

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.