The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO) have announced they are considering joining forces to forge a larger organization.
In a joint statement, the two industry groups noted that their primary focus is "to add value in today's environment by serving the AAMGA and NAPSLO membership as efficiently and as economically as possible. A thoughtful consolidation can do exactly that, without diminishing the strengths of our relationships and membership resources. The synergy of the AAMGA and NAPSLO, together serving the entirety of the wholesale insurance marketplace, is a common sense opportunity neither organization can afford to ignore."
While a merger of these two noted organizations would certainly serve as an effective means to achieve greater scale, it is not altogether surprising that such a union is being considered: NAPSLO and AAMGA have a long history of coordinating programs and services offered to each others' memberships, regularly communicate on regulatory and legislative advocacy efforts, and collaborate on committee structures and educational programs.
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