Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Wholesale Insurance Brokers AmWINS, Colemont Merge
Apr 9 2010 // AmWINS Group, Inc. and Colemont Insurance Brokers today announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with over 1,800...
Florida Eyes Insurer Payments to Affiliates
Apr 5 2010 // Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities. “I’d...
Florida Governor, Regulator Want Check on Insurer Payments to Affiliates
Mar 24 2010 // Florida Gov. Charlie Crist said he would like to give the state insurance regulator authority to prevent excessive payments by home-based insurance companies to affiliated managing general agencies and other...
Florida’s Southern Oak Agrees to Reduce MGA Fee, Wind Exposure
Mar 18 2010 // A Jacksonville property insurance company is back in the good graces of regulators. Insurance Commissioner Kevin McCarty signed off on an agreement with the Southern Oak Insurance Co. after the insurer agreed to make some...
Report: Calif. Workers’ Comp Insurance Market Still Needs Improvement
Mar 16 2010 // California workers’ compensation claims and disability costs have dropped significantly since the state’s workers’ compensation system was overhauled in 2003 and 2004. Yet “many of the same...
Aon Founder Comes Out of Retirement to Launch Global Wholesaler
Mar 7 2010 // The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was...
Aon Founder Ryan Launches Specialty Wholesale Insurance Group
Feb 23 2010 // The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was...
How Program Partners Can Help You Sell Value
Feb 21 2010 // “Price is what you pay. Value is what you get.”—Warren Buffet Agents, brokers and underwriters should heed Mr. Buffet’s advice and consider how they’re doing business. I’ll bet if I asked...
Wholesale Insurance Broker Towerstone Adds to Staff
Feb 11 2010 // Dallas-based Towerstone Inc., a wholesale insurance broker and managing general agency, announced that Rachel Blais, Jennie Conditt, J.B. Hill, Amy McCarty and Ryan Taylor have joined the company. Conditt is an assistant...
Jubilee MGA Merges Lloyd’s Syndicates 1231 & 5820
Feb 5 2010 // Following Lloyd’s approval, specialist Lloyd’s insurer Jubilee Managing Agency Limited has merged its auto coverage Syndicate 1231 and its property and personal lines Syndicate 5820 for the 2010 year of...
A.M. Best Revises Outlook to Positive for MGA Insurance Co., Gainsco
Feb 3 2010 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B (Fair) and issuer credit rating (ICR) of “bb+” of MGA Insurance Company Inc. (MGA) of Dallas, Texas....
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Pacific Wholesale Insurance Brokers Names Janes VP
Jan 22 2010 // Pacific Wholesale Insurance Brokers LLC, an ISG Co., announced that Brian Janes has joined as vice president/property broker in the Burbank, Calif., office. His responsibilities include developing his book of property...
Paula Cobbett Joins Sullivan Brokers
Jan 5 2010 // Los Angeles, CA, January 5, 2010 – Sullivan Brokers Wholesale Insurance Solutions, Inc. is pleased to announce that on Monday, January 4, 2010, Paula Cobbett, CPCU, ARM joined the firm in the Northern California...
Heritage General Agency Renamed Worldwide Facilities Inc.
Jan 5 2010 // Los Angeles-based Heritage General Agency, a managing general agent and operating division of Worldwide Facilities Inc., has changed its trade name to Worldwide Facilities Inc. There will be no change in staff, offices or...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Six Factors Create Volatility in Calif. Workers’ Comp Insurance Market
Dec 18 2009 // “Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic...
FSA, Lloyd’s Approve Montpelier Re’s Paladin Agency as Coverholder
Dec 14 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced the formation of a new UK Managing General Agent, Paladin Underwriting Agency Limited, a wholly-owned subsidiary of the Montpelier Group. The new MGA has received...
Florida Fines People’s Trust Agency for Unlicensed Sales; Orders Rewrites
Dec 9 2009 // A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under...
Survey: Despite Slow Growth, Carriers Still Upbeat About Program Market
Nov 5 2009 // Though fewer of them than a year ago perceive a growing market, carriers still have what must be considered an upbeat opinion of the nation’s program administrators and managing general agents marketplace in light of...
