Agents & Brokers News

IMS Acquires London American Risk Specialists

IMS Insurance Market Solutions has acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in the Southwest. “This combination …

Senate Extends Flood Insurance for 1 Year; Measure Goes to House

The U.S. Senate last night passed by unanimous consent a measure extending the National Flood Insurance Program for one year until Sept. 30, 2011. The Senate one-year reauthorization must now pass the House of Representatives, which in July passed a …

Virginia’s Medmarc Appoints New Execs

Virginia-based specialty insurer Medmarc has promoted several executives as part of a corporate reorganization plan. Chief Underwriting Officer Fran Stockwell will now be responsible for underwriting policy, product development and broker relationships for the life sciences business. Stockwell has been …

Menegus joins E.L.M. Insurance Brokers in San Diego

Michael Menegus has recently joined E.L.M. Insurance Brokers as a new broker in San Diego. He will call on retail agents and brokers in the San Diego area. Menegus has expertise in employment practices liability, errors and omissions, directors and …

Danish Regulators Select U.S. RE for Terrorism Risk Capacity Study

U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk reinsurance capacity in the Danish market, Mark Lucas, Managing Director, …

Roth to Lead Brown & Brown’s Professional Liability Brokerage

Brown & Brown, Inc. announced that Rob Roth has been named director and practice leader of Professional Liability for the company’s wholesale brokerage division. Roth began his career with ECC Insurance Brokers, Inc., which became a subsidiary of Brown & …

Willis Named Senior VP at Crump in Boston

Crump Insurance Services has named Christopher Willis as senior vice president and broker. Willis, who will be based in Boston, has over 16 years of experience in the insurance industry. He joins Crump from Swett & Crawford where he was …

Talley to Head Lloyd’s America U.S. Central Region

Lloyd’s announced the promotion of Pat Talley to Regional Director for Lloyd’s America’s Central Region. He will “be responsible for the Illinois and Kentucky offices [the two states in the U.S. where Lloyd’s is an addmitted carrier], along with market …

High Value Homeowners Market Healthy Despite Tough Economy

One of the most important features of writing high net worth business is high value homeowner’s coverage — but these policies can be complicated for agents to understand because they have many more components than traditional personal lines homeowner policies. …

Business Moves

Unisource Program, U.S. Risk Specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’ compensation, for an undisclosed sum. The deal will enable the Dallas-based U.S. Risk …