Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Wholesale Insurance Broker LevelFirst Opens Austin Office
Jun 18 2012 // LevelFirst a diversified wholesale broker and managing general agency headquartered in Dallas, has opened an Austin, Texas, office. Vivian Plein has joined LevelFirst to lead the Austin office. Plein has more than 10 years...
MGAA Appoints Comerford as First General Manager
Jun 15 2012 // The UK’s Managing General Agents Association announced the appointment of Jane Comerford as General Manager. She will be responsible for all operational aspects of the Association’s activities, and will work...
AAMGA President Chaffin Stresses Need for Perpetuation; Cites Effect of Revised Catastrophe Model on E&S Business
May 7 2012 // Relationships are important to the success of any insurance business, but it’s perpetuation that matters most when it comes to survival. R.C. Chaffin, president and CEO of Coral Gables, Fla.-based SeaCoast...
Outlook Revised to Positive for Texas-Based MGA Insurance Co.
Apr 26 2012 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of MGA Insurance Co. Inc. (MGA) in Dallas. The ratings...
Business Moves – Southeast
Apr 16 2012 // Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard...
Business Moves – South Central
Apr 16 2012 // Louisiana Agency Partners, The Kirksey Agency Louisiana Agency Partners (LAP) announced that The Kirksey Agency in West Monroe, La., has become the 12th member agency of the Louisiana-based network of independent insurance...
Business Moves – Midwest
Apr 16 2012 // Great American Insurance Group Cincinnati, Ohio-based Great American Insurance Group’s environmental division opened a regional office in New York City. The expansion complements the environmental division’s...
Western Security Surplus Insurance Brokers Announces Staff Changes
Apr 4 2012 // Kyle Stevens, president and CEO of Western Security Surplus Insurance, announced organizational changes in the Dallas office and a new hire for WSS’ Roseville, Calif., office. Jennie Reed has been promoted to senior...
K2 Acquires Majority Stake in Midwestern
Mar 27 2012 // San Diego, Calif.-based managing general agent K2 Insurance Services LLC has acquired a majority stake in Midwestern Insurance Alliance Inc., an MGA based in Louisville, Ky. that underwrites workers’ compensation...
Update: Insurance Wholesaler AmWINS Is Recapitalizing: CEO DeCarlo
Mar 13 2012 // The owners of AmWINS Group Inc., the largest wholesale insurance broker in the United States by premiums placed, have put the company up for sale, expecting a valuation of about $1.5 billion, three people familiar with the...
AmWINS Transportation Underwriters Receives MGA Appointment for ‘A’ XV Rated Carrier to Underwrite Long Haul Truckers
Feb 27 2012 // Burlington, NC, 02/24/12 – AmWINS Transportation Underwriters is proud to be one of just five MGAs appointed with this ‘A’ XV rated carrier to underwrite this program, which targets above average for-hire...
Ironshore Opens P/C Production Center in Boston for Wholesale Market
Feb 24 2012 // Ironshore Inc. has opened a property/casualty production center in Boston dedicated to the insurance wholesale market, the company said. The new center will focus on serving the East Coast, including New England, New York,...
Arthur J. Gallagher Buys Louisiana MGA, First Premium
Feb 21 2012 // Global insurance broker Arthur J. Gallagher & Co. has acquired First Premium Insurance Group, Inc. in Covington, Louisiana. Terms of the transaction were not disclosed. Established in 1973, First Premium is a managing...
Southeast Business Moves
Feb 20 2012 // BB&T Corp, Crump North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. BB&T said it will pay $570 million in cash...
Cooper Gay Refocuses MGA on International Business
Feb 16 2012 // Lloyd’s broker Cooper Gay & Co. Ltd. has rebranded its managing general agency platform, Oliva, as Globe Underwriting as part of its decision to refocus on international business. Globe Underwriting will...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
R-T Specialty Acquires Texas Insurance Wholesaler Maclean, Oddy & Associates
Jan 12 2012 // R-T Specialty LLC, the wholesale broker of Ryan Specialty Group LLC, has acquired Texas-based insurance wholesale firm Maclean, Oddy & Associates Inc. (MOA). MOA is a specialist broker for unusual property and casualty...
People
Jan 9 2012 // Southwestern Insurance Information Service elected Lyndell Haigood, regional vice president of State Auto Insurance, as chairman of the board; David Lacefield, executive vice president, National Lloyds Insurance, as vice...
How to Reduce the Risk When Buying Agency E&O Coverage
Dec 5 2011 // Agents shopping for errors and omissions coverage should compare the details of the policies because not all E&O policies are the same, according to experts in this market. As Scott Goodreau, chief risk officer for...
