Agents & Brokers News

Aon Finds Business Interruption Demand Grows, but Insurers Back Off

Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this type of insurance.” The conclusion came from delegates at …

Willis’ FINEX Appoints D&O, Professional Liability Lawyer as Director

Willis Group Holdings announced that it has appointed Francis Kean, “one of the UK’s leading directors & officers and professional liability lawyers, as an Executive Director in FINEX Global, the insurance broker’s Financial, Executive Risk and Professional Liability business.” He …

Mina Named Managing Partner for Willis of Maryland

John Mina has been appointed managing partner at Willis of Maryland, Inc. Mina will be responsible for business development for Willis’ Washington, D.C.-based insurance brokerage operations. He will be based in Potomac, Md. Willis of Maryland has more than 100 …

Late Filings of Surplus Lines Policies Draw Fines in Texas

If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing general agents doing business in …

IMA of Texas Hires 3 Business Development Leaders

IMA of Texas Inc., a retail insurance broker and risk management firm based in Dallas, has added three new directors of client service. Drew Lambert joined IMA as director of client services and integrated health and benefits consultant. William Spain …

Diaz Joins JDW Insurance Staff in El Paso

W. Martin Yung, president of El Paso, Texas-based insurance brokerage and risk management firm JDW Insurance, announced that Rene Luis Diaz has joined the firm as an account executive in the JDW Commercial Lines Division. He was previously employed as …

Ratings Roundup: Erie Group, Waco Fire & Casualty, Maya Assurance

A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Erie Insurance Group and its members are unchanged following the announcement that Erie Indemnity Company has entered into …

Calif. State Fund Revises Broker of Record Policy

California’s State Compensation Insurance Fund announced it has revised its broker of record policy, as well as filed for a 5.2 percent overall rate increase for 2011. The rate filing also includes changes that it says will better serve employers …

Zurich Partners with AmWins to Expand Accident, Health Products

Zurich in North America has formed a new relationship with wholesale broker AmWINS Group Benefits (AmWINS). This is the second relationship Zurich has formalized to further its growth plan in the program accident and health (A&H) space. AmWins Group Benefits …

Thom Smith Joins Sullivan Brokers as President

Los Angeles, CA – 9 November 2010 – Thomas E. Smith has joined Sullivan Brokers Wholesale Insurance Services as President effective November 8, 2010. Most recently, Smith was Great American Insurance Company Division President of Great American Custom Insurance Services. …