Agents & Brokers News

Goss Re Adds Conrad as Partner

Goss Reinsurance Brokers LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, Texas, has added Kirk Conrad as partner in the firm. He will lead Goss Re’s quantitative analysis effort including catastrophe and risk modeling, actuarial consulting, and financial …

Teitell Elected President of Texas Surplus Lines Assoc.

Todd Teitell, executive vice president and branch leader of AmWINS Brokerage of Texas in Dallas, has been elected president of the Texas Surplus Lines Association Inc. Other elected TSLA officers for the coming year include: Vice President Robin Stough, Dallas; …

Calif. State Fund Names Clark Chief Operating Officer

California’s State Compensation Insurance Fund has named Tom D. Clark as its chief operating officer. Clark, who assumes his new role on December 1, will replace Harrison D. Jerome, who retires at the end of the year. Clark, a 30-year …

France, Germany Say Euro Saved; Investors Remain Skeptical

Germany and France declared on Monday that Europe had taken decisive action to save the euro by rescuing Ireland and laying the foundations of a permanent debt resolution system, but investors were not convinced. Under pressure to arrest the threat …

Cooper Gay Restructures Marine Reinsurance Team

Cooper Gay, the UK-based independent global wholesale broker, which combined with Swett & Crawford in July, has restructured its London based marine and energy reinsurance team to target continuing growth in market share. Steven Herbert has been made Head of …

Willis Marine Review Concludes Surplus Capacity ‘Defies Logic’

Willis Group Holdings’ annual Marine Market Review has concluded that “while the shipping industry is showing tentative signs of recovery, the surplus capacity in the marine insurance market defies logic as more insurers queue up to enter an already crowded …

State Regulators Worried About Future of Health Insurance Brokers

State insurance regulators have established a task force to monitor the negative effects the new federal health reform law might have on health insurance agents and brokers. The National Association of Insurance Commissioners (NAIC), which rejected pleas to protect brokers’ …

The Time is Not Right to Drop Real Estate Professionals E&O

The ongoing downturn in the real estate market is forcing many professionals to make tough choices on where to trim expenses. While during a hot real estate market realtors would not consider dropping their errors and omissions (E&O) coverage, when …

EQECAT Appoints Little Sr. VP of Global Client Development

Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. has named Paul C. Little senior vice president of global client development. Little will be responsible for global sales, professional services, deployment and product support. The position was previously held by EQECAT’s …

Breckenridge Buys St. Louis Wholesale Broker IPSICO

Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis. Terms were not disclosed. The deal is the fourth for Breckenridge, which …