Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
A Soft Market Solution: MGAs and Risk Sharing
May 5 2008 // Part1: Retaining limited underwriting risk could offer MGAs a way to bolster revenue Editor’s Note: The following is part one of a discussion of the risk retention options available to MGAs, the sundry variables...
MyNewMarkets.com Announces Two More Exchange Conferences
Apr 8 2008 // SAN DIEGO – (April 8, 2008) – Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego, California on September 4, 2008 and Dallas,...
People
Jan 27 2008 // Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts...
Momentum Strong for Broker M&As in October, November
Jan 13 2008 // Stock Prices: Aon Corp. (NYSE:AOC) continued to outperform the sector, up a remarkable 43.1 percent year-to-date. The company reported third quarter 2007 results at the end of October. Net income increased 92 percent to...
Communication is Key When Managing Program Contracts
Dec 2 2007 // The insurance industry survives on relationships built between agents and carriers. The two parties can strive for a harmonious partnership with few problems. Yet when communications break down and there are disagreements,...
Loss Control Crucial to Program Success
Dec 2 2007 // Loss control personnel are not often thought of fondly in customers’ minds, according to Steve Anderson, portfolio executive, risk engineering for the Zurich Program Business Unit of Zurich North America. “We...
Hull & Co. Acquires McFall General Agency’s Assets
Nov 12 2007 // Hull & Co. Inc. has acquired the aseets of McFall General Agency Inc., which has offices in Portland, Ore., and Gig Harbor, Wash. Bob McFall, who founded MGA in 1981 and currently serves as president,, will remain...
GAINSCO Closes Sale of Subsidiary to Montpelier Re
Nov 2 2007 // Dallas-based GAINSCO Inc. and subsidiary MGA Insurance Company Inc. completed a previously announced sale of an affiliated insurance subsidiary, General Agents Insurance Company of America Inc., the company...
NetRate Systems Introduces ‘Black Box’ Component for ISO Commercial Lines Rating
Oct 26 2007 // Okemos, MI October 26, 2007 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of component objects...
Zurich Commercial Expands Group Captive Product
Oct 24 2007 // Zurich is now offering its group captive product to agency, association and managing general agent (MGA) captives using independently owned segregated portfolio companies. “With the segregated portfolio option we now...
Maryland’s Shore Bancshares Acquires Marine Insurance Agency, Wholesaler
Oct 2 2007 // Shore Bancshares, Inc. , parent company of three independent community banks and two retail insurance agencies serving the Delmarva peninsula, has closed two new acquisitions including a retail agency specializing in...
Lloyd’s MGA Joins China Platform
Sep 17 2007 // S.A. Meacock and Co. is the most recent Managing General Agent to join Lloyd’s rapidly-growing China platform, bringing the total to 11. Ian Faragher, Managing Director of Lloyd’s China Re, observed that the...
Rockwood, Hannover Offer Wholesaler, MGA E&O Product
Sep 12 2007 // Hannover Re subsidiary International Insurance Company of Hannover Limited (Inter-Hannover) has named Rockwood Programs Inc. to serve as the administrator of an errors and omissions product specifically designed to address...
GAINSCO Sells E&S Writer General Agents Insurance Co. to Montpelier Re
Aug 14 2007 // Dallas-based GAINSCO, Inc. and its insurance subsidiary MGA Insurance Co. Inc. have agreed to sell their affiliate General Agents Insurance Co. of America, Inc. to Montpelier Re U.S. Holdings Ltd. for $4.75 million. The...
Swiss Re Names Matt Leming Sales Leader for Stop Loss Products
Aug 13 2007 // Swiss Re¹s Commercial Insurance recently announced that Matt Leming was named the firm’s sales leader for Stop Loss products. Leming will be located in Swiss Re¹s Kansas City office. > Leming has more than 20 years...
People
May 21 2007 // McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions...
Thinking outside of the box
May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...
Thinking outside of the box
May 7 2007 // MGAs deliver more than just specialty packages as they prepare for changing market No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive...
Max Re Approved to Acquire, Operate U.S. E&S Company
Mar 27 2007 // Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process...
Ark Syndicate Is Newest Lloyd’s MGA
Mar 20 2007 // Ark Syndicate Management opened for business as Lloyd’s newest managing agency. Ark will assume the management of Syndicate 4020 with a 2007 capacity of £114 million ($222 million). The new Syndicate “will...
