American Management Corporation
A specialty managing general agency offering commercial insurance programs for hard-to-place risks, operating as a division of Novatae Risk Group.
Overview
American Management Corporation (AMC) is a specialty managing general agency founded in 1984 in Morrilton, Arkansas. The company began as a local insurance broker with a specialized focus on service stations and convenience stores, later expanding into fuel marketers and a broad range of commercial specialty lines. Over four decades of growth, AMC became a nationally recognized MGA known for placing hard-to-place commercial risks with competitive pricing and superior service.
In September 2023, Novatae Risk Group acquired the assets of AMC, integrating it as a specialty programs division. AMC continues to operate under its own brand and maintains its core focus on non-standard and specialty commercial accounts. The company serves independent agents and brokers across the United States, providing access to programs in workers compensation, garage products, convenience store and gas station coverage, and a broad commercial brokerage division.
Novatae Risk Group, AMC's parent, is a full-service wholesale insurance brokerage, MGA, and program manager headquartered in Dallas, Texas, backed by World Insurance Associates. In January 2024, Novatae formally launched an exclusive Service Station Program under the AMC brand, and in 2025 Nick Greggains assumed leadership as President and then CEO following Richard Kerr's departure in August 2025.
AMC is licensed in all 50 states (state availability varies by program) and holds professional memberships with the Wholesale and Specialty Insurance Association (WSIA, formerly NAPSLO) and the American Association of Managing General Agents (AAMGA), reflecting its standing in the surplus lines and specialty insurance community.
Products & Services
Service Station and Convenience Store Program
A flagship specialty program with more than 40 years of underwriting expertise in this market segment, formally relaunched as an exclusive Novatae program in January 2024. Provides comprehensive commercial coverage for service stations, convenience stores, fuel retailers, and related businesses. Quotes are typically processed within 24-48 hours.
Key Features
- General Liability: USD 1M/USD 2M limits
- Property: up to USD 10M TIV
- Liquor Liability: USD 1M/USD 2M
- Assault and Battery: USD 100K/USD 100K
- Crime/Theft and Employee Dishonesty: USD 25K limit
- Hired/Non-Owned Auto Liability: USD 1M/USD 2M
- Optional: Workers Compensation, Excess Liability, EPLI, Equipment Breakdown, Tank Pollution Liability
Target Users: Independent convenience stores, gas stations, and fuel retailers -- including those with liquor sales, car washes, or food service -- with at least two years of industry experience; new ventures considered
Distribution: Retail insurance agents and brokers
Workers Compensation
AMC offers workers compensation coverage for a wide range of commercial classes, including non-standard, high-hazard, and hard-to-place accounts. Coverage is available on both a monoline and package basis through A to A++XV AM Best-rated carriers.
Key Features
- Experience mods from 1.30 to 5.00 or higher accepted
- Large deductible and guaranteed cost plans
- First dollar coverage options
- Return-of-premium options
- Zero premium deposit and pay-as-you-go alternatives
- Rates up to 30% lower than state pools (A-rated carriers)
- Multi-state exposures supported; accounts in state pools accepted
Target Users: Contractors (new ventures, high experience mods, lapsed coverage), staffing and temp agencies, small business owners and sole proprietors, truckers, USL&H, and high-hazard commercial businesses
Distribution: Independent agents and retail brokers
Garage Products
Commercial insurance for automotive-related businesses, including dealerships, repair shops, tow truck operators, car washes, and antique/classic vehicle operations. Available nationwide through A-rated carriers.
Key Features
- Garagekeepers legal liability
- Dealer's physical damage and open lot coverage
- Excess and buffer layers
- Umbrella coverage
- Errors and omissions coverage
- Car wash liability
- Antique and classic vehicle coverage
Target Users: Auto dealers, repair shops, body shops, service centers, car washes, tow companies, heavy truck repair businesses, valet parking operators
Distribution: Nationwide through independent agents (all 50 states)
AMC Brokerage Division
A broad commercial brokerage platform covering contractors, general liability, pollution, umbrella, workers compensation, and oil and gas accounts.
Key Features
- Contractors general liability
- Pollution liability
- Commercial umbrella/excess
- Workers compensation
- Distributor and manufacturer coverage
- Oil and gas liability
Target Users: Contractors, distributors, manufacturers, oil and gas businesses, specialty commercial risks
Distribution: Available in 29 states through wholesale and retail agents
Vacant Property
Commercial and residential vacant property insurance for owners of unoccupied buildings.
Key Features
- Vacant dwelling coverage
- Vacant commercial property coverage
- Available in 48 states
Target Users: Property owners with vacant dwellings or commercial properties
At a Glance
- Founded
- 1984
- Headquarters
- Dallas, Texas, USA (Novatae HQ; AMC operations in Conway, Arkansas)
- Employees
- 11-50
Category & Focus
Links
Last updated: 2026-05-11