Agents & Brokers News

Commercial Lines Leaders

About the Commercial Lines Leaders: The 2010 Commercial Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property/Casualty Indepdendent Agencies as reported in August. This list utilizes only the 2009 commercial lines numbers of the privately …

Mississippi Casino’s Barge Not Liable for Marina’s Damage During Katrina

The owners of a Biloxi marina damaged by a casino-owned barge that came loose during Hurricane Katrina are considering an appeal of a Mississippi court ruling that the casino is not liable for the destruction. Last week, the state Court …

Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I

A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his spare time.” As he’s now responsible for two posts, …

Texas Agents Join Forces to Launch Health Insurance Coalition

Three insurance producer groups have joined forces to form the Texas Coalition of Health Insurance Agents to monitor, respond to and communicate on the implementation of the Patient Protection and Affordable Health Care Act (PPACA) in Texas. Coalition members include …

ACE Makes Marine Appointments

ACE Global Markets (AGM) announced key appointments as part of a restructuring of its Marine team in London, as follows: Mike Reynolds has been promoted to Class Underwriter for the Marine Hull and Marine Liability Account. Mike was formerly Deputy …

Soft Market Persists; Fierce Competition to Continue into 2011: Marsh

Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and overabundance of capacity continue to define the commercial …

Ironshore, Distinguished Programs Group Form Acquisition Unit

Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and program manager segments of the insurance distribution business. The business plan for the …

Lockton Adds Casper as VP in Chicago

Lockton Companies has expanded its Financial Services practice with the addition of Christopher Casper as vice president and unit manager. Casper brings 20 years of insurance/brokerage experience to Lockton, most recently serving as director of Management Liability at Tave Risk …

Kilkenny Joins IIAT as Director of Agency Management Resources

The Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agencies announce that Todd Kilkenny has joined the association as director of agency management resources. Kilkenny will be responsible for developing, implementing and managing strategic agency management initiatives and …

Indiana Young Agent Receives Prestigious National Award

The National Young Agents Committee (YAC) of the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) presented the second annual Young Agents State Liaison of the Year award to Steve Duff, Independent Insurance Agents of Indiana, …