AAMGA, NAPSLO Formally Approve Merger Proposal
The new Wholesale and Specialty Insurance Association (WSIA) has taken another step toward its establishment as a major trade association in the surplus lines market.
The American Association of Managing General Agents (AAMGA) and National Association of Professional Surplus Lines Offices (NAPSLO) announced Tuesday, April 18, that each organization’s respective board of directors has approved a merger proposal, agreement and plan of merger, and a board resolution to combine the two entities.
The proposed merger was announced in March of 2017 at the NAPSLO Mid-Year Leadership Forum. At that time, the WSIA website was unveiled, and leadership from both AAMGA and NAPSLO participated in a panel to introduce the new association.
The merger proposal was approved by the AAMGA board of directors on April 12, and then approved by the NAPSLO board of directors on April 14. Now that the resolution has passed both boards, the members of each existing organization will have the opportunity to vote on the merger. More information on the merger and the new organization can be found on the WSIA website.