With a major boost from Scottsdale Insurance Company, an excess and surplus lines insurance association expects to fully fund a $1 million endowment to Georgia State University, the group's executive director disclosed early this month.
Bernie Heinze, executive director of the King of Prussia, Pa.-based American Association of Managing General Agents, said Scottsdale's "leadership gift"–the biggest gift pledged to date–means that AAMGA University's endowment of an E&S chair at Georgia State is now 80 percent funded.
Mr. Heinze declined to reveal the exact dollar figure of Scottsdale's funding commitment at the request of the insurer.
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