Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Vertafore Reorganizes, McKernan To Lead Carrier/MGA Business
Feb 26 2009 // Bothell, Wash.-based Vertafore announced a corporate reorganization to “One Vertafore,” a move that aligns the company’s business units to meet the changing needs of their customers. The company will...
Insurers’ Stocks Down 14%; Middle Market Carriers Active in Intermediary Acquisitions
Feb 8 2009 // Stock Price: Commercial lines stocks mirrored those of major indices in 2008, trading down 14 percent. Mergers & Acquisitions: Middle market carriers continue to be major players in the acquisition market as they look...
HDH Group Selects NetRate Systems/QualCorp for their rating and policy processing
Feb 3 2009 // February 3, 2009 – The HDH Group (HDH) successfully implements NetRate and QualCorp to meet the transactional rating and policy processing needs of Park Insurance Co., which is underwritten by HDH. The integrated...
California Insurance Wholesalers Honor Sullivan Group’s Haldeman
Jan 28 2009 // The California Insurance Wholesalers Association has awarded Hank Haldeman its receipient of the 2008 Industry Achievement Award. The award was given in appreciation of Haldeman’s outstanding dedication and hard work...
American Pinnacle Partners Launches Western Pinnacle Insurance Services
Jan 14 2009 // Seal Beach, CA and Fresno, CA, January 14, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, announced today that APP through a two-step transaction has...
American Pinnacle Partners Announces Acquisition of Consolidated Special Risk Managers, Inc.
Jan 12 2009 // Seal Beach, CA and San Rafael, CA, January 12, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, and Consolidated Specialty Risk Managers...
People
Jan 11 2009 // National managing general agent Burns & Wilcox has promoted Anthony Cugini to manager of the company’s Houston office. He is responsible for increasing sales across all product lines, including professional...
Lloyd’s, FSA Approve New MGA for ‘Sportscover’ Syndicate
Jan 6 2009 // The Financial Services Authority and Lloyd’s have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency, Sportscover Underwriting Limited...
Retail, Wholesale Insurance Brokers Working on Electronic Transactions
Dec 19 2008 // Retail insurance agents and wholesale brokers are working on a plan to streamline how they do business together including improving electronic applications, electronic interfaces between the parties, and general agent Web...
AXIS Capital to Acquire Managing General Agent Dexta
Dec 10 2008 // Bermuda-based AXIS Capital Holdings Limited announced that it has agreed to acquire the business and operations of Australian managing general agent Dexta Corporation Pty Ltd. from its shareholders, Ironbridge Capital,...
Central Texas-Based MGA Adds Great American Markets
Dec 3 2008 // TAGA, an independent privately-owned managing general agency based in the Austin, Texas, area, announced it is now managing general agent for Great American Insurance Group to offer admitted property and inland marine...
Retail Agents Left Wondering About Austin Surplus Lines
Nov 16 2008 // Austin Surplus Lines, a managing general agency with offices in the Austin, Dallas and Houston areas, apparently has ceased conducting some or all of its contracted business, to the surprise of at least some of its...
Retail Agents Left Wondering About Austin Surplus Lines
Nov 11 2008 // Austin Surplus Lines, a managing general agency with offices in the Austin, Dallas and Houston areas, apparently has ceased conducting some or all of its contracted business, to the surprise of at least some of its...
ProLawyer Insurance, LLC Announces New MGA Appointment for an Admitted Lawyers Professional Liability Product
Oct 22 2008 // Newtown, PA – ProLawyer Insurance, LLC is pleased to announce its Managing General Agent appointment with ProAssurance Group companies. ProAssurance Group is rated “A-” (Excellent) by A.M. Best and...
Surplus Lines: A Market in Transition
Oct 20 2008 // The Soft Market and Financial Crisis Could Lead Firms into ‘Uncharted Waters’ For surplus lines insurance providers the economic turmoil and soft insurance market means a double-hit on profitability. Some...
Industry Innovators Give Agents Alternative Solutions
Oct 20 2008 // How to Use Surplus Lines Brokers and Managing General Agents Recent estimates show that about one third of all commercial risks in the United States are placed in an “alternative market.” As producers already...
York Insurance Services Group, Inc. Acquires Site Inspections LLC, Now Offering Nationwide Loss Control Services
Oct 10 2008 // PARSIPPANY, N.J., (October 10, 2008) – York Insurance Services Group, Inc., a premier national provider of insurance services, including claims handling, specialized loss adjusting, managed care, insurance pool...
Sullivan Group Forms Sullivan Brokers Wholesale Insurance Solutions
Oct 6 2008 // The Los Angeles-based Sullivan Group has announced the formation of Sullivan Brokers, Wholesale Insurance Solutions Inc., a national wholesale brokerage firm with an emphasis on professional, management and health care...
Introducing Sullivan Brokers, Wholesale Insurance Solutions, Inc.
Oct 1 2008 // Los Angeles, CA, October 1, 2008 – The Sullivan Group has announced the formation of Sullivan Brokers Wholesale Insurance Solutions, Inc. Combining the strengths of professional broking practices from Sullivan...
People
Sep 22 2008 // Jacksonville, Florida-based Harden & Associates, an insurance brokerage company, promoted Dustin Theilacker to chief information officer. As CIO, Theilacker will continue to provide technology vision and leadership...
