Orlando Harmon
A.M. Fredericks Underwriting Management Ltd. is a wholesale MGA insurance brokerage located just east of Toronto, Ontario, Canada. It specializes in \hard-to-place\ commercial insurance risks and has been in the industry for over 30 years. In 2024, it was acquired by the South Western Insurance Group Ltd. (SWG). Frederick Mutual Insurance Company, on the other hand, is an insurance agency that began in 1843 serving policyholders in Maryland. It is the ninth oldest insurance agency in the United States and now offers business insurance coverage in multiple states across the Mid-Atlantic region.
| Characteristics | Values |
|---|---|
| Company Name | A.M. Fredericks Underwriting Management Ltd. |
| Type | Wholesale MGA insurance brokerage |
| Specialization | Commercial insurance risks, particularly substandard and hard-to-place accounts |
| Location | Ajax, Ontario, Canada (just east of Toronto) |
| Headquarters Address | 201-339 Westney Rd South, Ajax, Ontario, L1S 7J6, Canada |
| Phone Number | (905) 428-1269 |
| Website | www.amfredericks.com |
| Revenue | $46 Million |
| Number of Employees | 27 |
| Technologies Used | jQuery, SugarCRM, WiredMinds eMetrics, McAfee ePolicy Orchestrator |
| Acquired By | South Western Insurance Group Ltd. (SWG) |
| Year Acquired | 2024 |
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What You'll Learn
A.M. Fredericks Underwriting Management Ltd
The company is a federally licensed Managing General Underwriter (MGU) and provides niche and non-standard commercial liability, professional liability, and property risk coverage. Their insurance plans are tailored to fit the unique needs of their clients at affordable rates. They offer a range of insurance options, including car, home, and business insurance.
The company's new website showcases their expanded services and niche solutions, including tailored insurance coverage for industries such as snow removal, roofing, and motor truck cargo. With their expertise and commitment to innovation, A.M. Fredericks Underwriting Management Ltd, now operating as SWG Specialty Underwriting Services Ltd, is well-positioned to meet the diverse insurance needs of its clients.
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Wholesale MGA insurance brokerage
A.M. Fredericks Underwriting Management Ltd. is a wholesale MGA insurance brokerage located just east of Toronto, Ontario, Canada. It specializes in "hard-to-place" commercial insurance risks across Canada and the US. The company has been in the industry for over 30 years and is one of Canada's leading federally licensed Managing General Underwriters.
A.M. Fredericks provides capacity on all classes of commercial risks, particularly substandard and hard-to-place accounts. Their expertise lies in covering high-risk assets, and they have built a trusted name in the industry. The company was founded by Tony Fredericks, who has been in the insurance business for 50 years. In 2024, A.M. Fredericks was acquired by the South Western Insurance Group Ltd. (SWG), which has expanded the company's growth potential and continued its success.
As a wholesale MGA insurance brokerage, A.M. Fredericks works with a network of agents and brokers to provide specialized insurance programs. They cater to a range of industries, including roofing contractors, sprinkler system contractors, plumbing businesses, and carpentry. The company also offers personalized insurance solutions for homes and unique professions like hunting and fishing clubs.
A.M. Fredericks's commitment to delivering unparalleled broad-risk insurance and placement solutions is evident in their tailored offerings. With 27 employees and a revenue of $46 million, the company utilizes technologies like jQuery, SugarCRM, and WiredMinds eMetrics to support its operations.
For those seeking insurance coverage, A.M. Fredericks invites inquiries for quotes to provide personalized solutions for their specific needs.
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Commercial insurance risks
A.M. Fredericks Underwriting Management Ltd. is a wholesale MGA insurance brokerage located in Canada, specialising in "hard-to-place" commercial insurance risks. Commercial risk insurance is a broad term encompassing various perils that can hinder a business's success. These risks, if not managed properly, can lead to significant losses or even the failure of the business.
One example of a commercial risk is economic risks, which are tied to fluctuations in the economic landscape, such as changing interest rates, recession, inflation, and taxes. These massive changes are typically not covered by commercial risk insurance policies. Compliance risks are another area of concern for businesses. While professional liability insurance or professional indemnity insurance can provide some coverage for unintentional errors, omissions, and negligence, there is no specific type of commercial risk insurance that addresses compliance risks directly.
Reputation risk is another modern-day challenge that businesses face, especially with the rise of social media. A negative incident or crisis can spread rapidly and damage a company's reputation, regardless of their online presence. While businesses can choose to accept this risk, it can be mitigated through improved quality control and having a playbook for PR and social media crises.
Commercial risk insurance plays a crucial role in a business's risk management strategy, ensuring a secure future. Each type of commercial risk has a specific type of insurance coverage, and understanding these options is essential for businesses to make informed decisions and protect themselves from potential losses.
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SWG Insurance acquisition
In 2024, South Western Insurance Group Ltd. (SWG) acquired A.M. Fredericks Underwriting Management Ltd. (AMFUM), a wholesale MGA insurance brokerage located just east of Toronto, Ontario, Canada. With this acquisition, SWG gained access to AMFUM's expertise in \"hard-to-place\" commercial insurance risks and its strong presence in the Canadian and US markets.
AMFUM, founded by Tony Fredericks 30 years ago, has built a trusted name in the industry and is one of Canada's leading federally licensed Managing General Underwriters. This acquisition expands SWG's risk appetite and placement capabilities, enabling them to better serve the diverse needs of their brokers. John Barclay, President and CEO of SWG Group Holdings, expressed his honour in being entrusted with the legacy built by Tony and his family.
Following the acquisition, Tony Fredericks retired from the MGU space after a remarkable 35-year career. Ghazal Hamid, SWIG’s Chief Underwriting Officer, was appointed President of AMFUM. Barclay expressed confidence in Ghazal's ability to leverage his experience with SWG and lead the business forward.
The alignment between AMFUM and SWG creates a complementary partnership, expanding the growth potential and paving the way for continued success. With AMFUM's broad risk appetite and placement solutions, SWG is now even better equipped to provide specialised insurance programs and real-time quotes to a wide range of businesses and individuals.
SWG Insurance, as part of the South Western Insurance Group Ltd., continues to uphold its commitment to delivering unparalleled broad-risk insurance and placement solutions. With the addition of AMFUM's expertise, SWG Insurance can offer tailored coverage for various professions, including carpenters, roofing contractors, plumbing businesses, and homeowners.
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Customer service
AM Fredericks is an underwriting agency that provides insurance for a variety of businesses and individuals. While there is no dedicated section for customer service on its website, AM Fredericks does provide multiple ways for customers to get in touch and offers personalized insurance quotes.
The company offers customized insurance solutions for a range of businesses, including roofing contractors, sprinkler systems contractors, plumbing businesses, and home insurance. Customers can get a real-time quote from SWG Insurance to ensure they receive the best coverage for their needs.
In addition to its insurance offerings, AM Fredericks also provides a contact address and phone number on its website. The company is headquartered in Ajax, Ontario, and can be reached at (905) 428-1269.
Testimonials on the website of Frederick Mutual Insurance Company, which provides comprehensive coverage for business owners in various states, suggest that the company's customer service is accommodating, professional, and helpful. One client is quoted as saying, "Customer services are so friendly that they make you feel like family." This suggests that AM Fredericks and its affiliates prioritize providing responsive and personalized support to their customers.
Overall, while specific details about AM Fredericks' customer service policies and procedures are not readily available, the company appears to be committed to meeting the unique insurance needs of its customers and providing a positive and supportive experience.
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Frequently asked questions
AM Fredericks Underwriting Management Ltd. is an insurance brokerage and underwriting agency located in Ajax, Ontario, Canada. It was acquired by the South Western Insurance Group Ltd. (SWG) in 2024.
AM Fredericks specializes in "hard-to-place" commercial insurance risks across Canada and the US. They provide insurance for roofing contractors, sprinkler system contractors, carpenters, and plumbing businesses, among others.
AM Fredericks was founded by Tony Fredericks 30 years ago and has been in the insurance business for 50 years. The company has been a trusted name in the industry for over 30 years.
You can contact AM Fredericks at [email protected] to request a quote or visit their website at www.amfredericks.com.
AM Fredericks can be reached via email or phone. Their phone number is (905) 428-1269, and their headquarters address is 201-339 Westney Rd South, Ajax, Ontario, L1S 7J6, Canada.
