Agents & Brokers News

Lepanen Joins Higginbotham to Lead Employee Benefits Practice

Texas-based Higginbotham & Associates has appointed Dick Lepanen executive vice president in its Austin office. Lepanen brings more than 24 years’ experience in operations management and new business development with the last 17 years in the employee benefits marketplace. He …

Big ‘I’ Markets Introduces Fine Arts, Valuables Product

The Independent Insurance Agents & Brokers of America Big “I” Markets program can now offer access to a new stand-alone fine arts and valuable articles policies. The new program offers tailored products and services for personal and commercial fine art …

Marsh: Offshore Energy Insurance Costs to Increase ‘Modestly’

Major losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a new report published by insurance brokerage giant Marsh. …

RenRe Reports $210 Million Q2 Net Income: $140 Million Operating

Bermuda,-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $210.2 million or $3.66 per diluted common share in the second quarter of 2010, compared to net income available to common shareholders of $271.2 million or $4.32 per …

Lord Lang to Succeed Hardis as MMC Board Chairman in May 2011

The Board of Directors of Marsh & McLennan Companies, Inc. (MMC) announced that Ian Lang, Lord Lang of Monkton, will succeed Stephen R. Hardis as Independent Chairman of the MMC Board of Directors when Hardis retires from the Board in …

Marine Specialist Fraser Joins UK’s Miller

The UK’s Miller, a specialist independent insurance and reinsurance broker, announced that Stuart Fraser has joined the firm. He is an expert in various classes of marine business including port and terminal package policies, transport liability and US based casualty/transportation. …

U.S. Indicts 3 for Alleged Municipal Bid-Rigging

The U.S. Justice Department Tuesday indicted three former financial services executives as part of a wide-ranging probe into fraud and manipulation of prices for municipal bond derivatives. The 12-count indictment, filed in U.S. District Court for the Southern District of …

Lee Named Branch VP for The Hanover in New Hampshire and Vermont

The Hanover has appointed Michael H. Lee as branch vice president for Commercial Lines for the company’s New Hampshire and Vermont markets. In this new role, Lee will lead the company’s efforts to strengthen its presence in these states by …

Momentous Insurance Partners With Doodson Entertainment

Momentous Insurance Brokerage of Van Nuys, Calif., has announced a strategic partnership with Doodson Entertainment, a specialist brokerage firm in the United Kingdom and the United States, to bring enhanced capability in placing non-appearance and event cancellation insurance solutions. Non-appearance …

Deardorff Promoted to Underwriting Director at All Risks

Maryland-based wholesale brokerage All Risks Ltd. has promoted Deanna Deardorff, has been promoted to director of corporate underwriting. Deardorff, a 27-year veteran of the firm, has served as underwriter, team leader, unit manager and project manager for initiatives related to …