Latest Insurance Wholesale Headlines

Wholesaler CRC Insurance Acquires Competitor Southern Risk of S.C.

Sep 3 2008 // CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., reports it has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S)...

People

Sep 1 2008 // Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and...

Lloyd’s in the 21st Century

Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...

A Winning Culture

Sep 1 2008 // Lots of companies claim to have a great working environment, but when a company backs up its claim with awards, who can deny it? Insurance Journal Top 100 Agency Profile The IMA Financial Group Inc. RANKING: No....

Cindy Downs

Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...

MyNewMarkets.com Announces Two More Exchange Conferences

Aug 8 2008 // Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego on Sept. 4, 2008. and Dallas on Sept. 30, 2008. MyNewMarkets.com Exchange conferences...

Beckerman Named COO of Maritime General Agency

Jul 23 2008 // Westbrook, Connecticut-based Maritime General Agency has hired Sylvia Beckerman as chief operating officer. Beckerman’s responsibilities include daily oversight of all operational segments of MGA’s various...

Jul 7 2008 // People McQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of...

Coronado Insurance Wholesale Services Offers Construction GL Program

Jun 17 2008 // San Diego based Coronado Insurance Wholesale Services has added online features to its admitted general liability program, Freedom. Freedom online features include online quoting, underwriting, and policy issuance, ISO 12...

Program Market to Remain Vibrant in 2008

Jun 2 2008 // Carrier Appetite Opens the Door to Programs of Almost Any Size, Survey Reports The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business...

A Soft Market Solution: MGAs and Risk Sharing

Jun 2 2008 // Part 2: Soft Market Benefits of Risk Sharing Extend Beyond Potential for Increased Profits Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents,...

Survey: Program Market to Remain Vibrant in 2008

May 21 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey...

What MGAs Should Know About Carriers’ Due Diligence for Programs

May 5 2008 // Proper due diligence lays the foundation for a mutually beneficial, long-term business relationship Smart program administrators know that aligning themselves with financially-strong insurance carriers can help attract...

Match-making: What Retail Agents Want From Wholesalers and MGAs

May 5 2008 // Exclusive Insurance Journal survey: successful relationships depend on markets and service in soft or hard cycle Like the love-lorn users of match.com, independent agents hunting for business partners among surplus lines...

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...