Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Guy Carpenter Finds Merger Interest with MGAs, Program Managers
Oct 26 2009 // Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy...
Texas-based Firm Named PIA’s Managing General Agency of the Year
Oct 13 2009 // The National Association of Professional Insurance Agents has named Empower Insurance Group MGA Inc., headquartered in Fort Worth, Texas, as recipient of its 2009 Managing General Agency of the Year Award. “Empower...
Western Security Surplus Forms New MGA Facility
Oct 12 2009 // Dallas-based Western Security Surplus Insurance Brokers (WSS) has announced that all managing general agency business and specialty programs that it has been handling will now be written through a new exclusive MGA Dallas...
Torus Opens New Managing General Agency in Bermuda
Sep 30 2009 // Torus, a global specialty insurer, has established Torus (Bermuda) Services Ltd. as a Managing General Agent (MGA) in Bermuda for Torus Insurance (UK) Limited, to “provide enhanced service to its customers, increase...
QBE Acquires CIGNA Student, Sports Accident Book
Sep 16 2009 // New York-based QBE has acquired the CIGNA special risk, student and sports accident insurance book of business. This portfolio provides medical expense coverage for students, athletes and participants in camps, clubs, day...
Central Texas MGA Adds New Carriers for Various Product Lines
Aug 20 2009 // Tejas American General Agency (TAGA), an independent privately-owned managing general agency based in the Austin, Texas, area, has recently added three new markets – Insurors Indemnity, Gotham Insurance Company and...
Snow Joins Pacific Wholesale Insurance Brokers
Aug 6 2009 // Los Angeles-based Pacific Wholesale Insurance Brokers LLC, a wholly-owned subsidiary of Insurance Specialty Group LLC, appointed Victoria Snow vice president/casualty broker in the Burbank, Calif., office. Her...
NetRate Systems Delivers Commercial Lines Rating System to Trinity Underwriting Managers, Inc.
Aug 4 2009 // Okemos, MI., August 4 2009 – NetRate Systems, Inc. (Okemos, MI) is pleased to announce implementation of the NetRate Commercial Lines Rating System at Trinity Underwriting Managers, Inc., of Pooler, GA. Trinity...
Navigators Expands Agency Professional Liability Program
Jul 21 2009 // The Navigators Group Inc.’s principal underwriting agency subsidiary, Navigators Management Company Inc., will expand its Nav Pro Professional Liability Division by partnering with Aon Affinity, a subsidiary of Aon...
Jansen & Hastings Launches National MGA Platform
Jul 13 2009 // Jansen & Hastings, a managing general agency based in San Francisco, has expanded its existing specialty program business with the addition of a new national MGA platform to be headed by Jim Parsons. Parsons joins JHI...
Nautilus Insurance Group Receives Awards from the American Association of Managing General Agents
Jun 9 2009 // Scottsdale, Ariz. – June 9, 2009 – Nautilus Insurance Group, comprised of Nautilus Insurance Company (“Nautilus”) and Great Divide Insurance Company (“Great Divide”), member companies of...
AAMGA Meeting <em>LIVE</em>: Dealing With Ups and Downs; <em>IJ</em> Reports on Twitter, Facebook
May 18 2009 // Managing general agents have a positive attitude about the soft market and recession, figuring what went down must come up again, according to Curtis Anderson, incoming president of the Association of Managing General...
6 Steps For Agents to Take Before Soft Market Hardens
May 11 2009 // Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change...
‘Red Flags’ to Watch For When Choosing an MGA Partner in a Bad — and Good — Economy or Market
May 4 2009 // In today’s tough economy and prolonged soft market, some insurance firms are likely to get into financial trouble. Smaller wholesalers and managing general agencies (MGA) may be at risk. Their ability to stay afloat...
50 Reasons Why Retail Agents Choose Managing General Agency Partners
May 4 2009 // As a large broker, this is decided based on relationships, successes, volumes, commissions levels, service. In other words we are dictated by volume. Service, service, service, markets, price, service. Personal...
Hub Sells ABCO Insurance Wholesaler to Former Owner
Apr 29 2009 // Insurance broker Hub International Limited is selling some of its Florida wholesale and specialty insurance business back to a previous owner. Hub said it is selling Hub International Florida, including wholesaler ABCO...
MacNeill Group Names Tromer President
Apr 22 2009 // MacNeill Group Inc. promoted Kevin M. Tromer to president. In January 2009, Tromer succeeded Douglas W. Bullington who continues on in his current position of CEO of Focus Holdings LLC, MacNeill Group’s parent...
Wholesale Insurance Broker USG Promotes Jones in Michigan Office
Mar 6 2009 // USG Insurance Services, Inc, a national wholesale broker of commercial insurance headquartered in Tampa, Fla., has promoted Andy Jones to senior underwriter at its Michigan branch. Jones was a manager for four years with...
Florida Charges People’s Trust MGA Using Unlicensed Insurance Agents
Mar 6 2009 // Florida Chief Financial Officer Alex Sink has moved to prevent People’s Trust Insurance’s Managing General Agent from using unlicensed agents to sell its homeowners insurance. The action follows an...
AmWINS Acquires 3 Medical Stop Loss Insurance Wholesale Brokers
Mar 5 2009 // Charlotte, North Carolina-based insurance wholesale brokerage AmWINS Group, Inc. has acquired three medical stop loss wholesalers in three separate regions of the country. The firms acquired are American Stop Loss...
