Excess/Surplus, Specialty, Wholesaler Brokers News

Central Texas MGA Adds New Carriers for Various Product Lines

Tejas American General Agency (TAGA), an independent privately-owned managing general agency based in the Austin, Texas, area, has recently added three new markets – Insurors Indemnity, Gotham Insurance Company and Accident Fund – which provide access to coverage for a …

Court Upholds $10.7M Judgment against 2 Kemper Affiliates

A New York construction firm has won a $10.7 million judgment – plus interest – against two Kemper-affiliated insurers that failed to indemnify and defend the company when a subcontractor accidentally touched off a blaze that destroyed a Manhattan synagogue …

New York Regulators Give ‘No Stamp’ Order for American Transport

Insurance regulators in New York are warning agents and brokers not to conduct any business with American Transport Insurance Co. The company is not admitted to do business in the Empire State and is not an eligible excess line insurer, …

Arnold Appointed President of London American Risk Specialists

Houston-based London American Risk Specialists Inc. reported that Robert L. (Rob) Arnold, has joined the firm as president and partner. Arnold will be responsible for all MGA operations and the strategic direction of the company. Arnold is a 30-year veteran …

Ironshore Creates Global Energy Property Unit

Ironshore Inc. has established a dedicated Global Energy Property business, as an extension of its Global Property division. Ironshore will underwrite comprehensive coverages on commercial risks across virtually all classes within the specialty Energy sector. Ironshore, since its inception more …

State National Retains High Rating from A.M. Best

Bedford, Texas-based insurer State National Group reported that it has again earned an A.M. Best rating of “A” (Excellent), affirming the group’s consistent financial performance and operational stability. The rating applies to the group’s three intercompany pool members led by …

Max Specialty Admitted in Puerto Rico

The Bermuda-based Max Capital Group Ltd. announced that Max Specialty Insurance Company, a Delaware licensed insurer, is now approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico. Max Specialty’s President …

NIF Group Introduces NIF Insurance Services of California

Manhasset, N.Y.-based NIF Group Inc. has introduced NIF Insurance Services of California. This division of NIF Group was formerly HDR Insurance Services of Sacramento, Calif. HDR is primarily known for its program underwriting in the artisan contractor’s area. NIF Insurance …

Wells Fargo Names Norick Practice Leader – Special Risks National Equine

Wells Fargo Insurance Services has named Joseph Norick, based in Sherman Oaks, Calif., vice president and practice leader for Wells Fargo Special Risks’ National Equine Group. He is responsible for operations, carrier relationships, sales, and placement of all equine products …

Crump Appoints Lloyd as President of Programs

Insurance wholesaler Crump Group, Inc. has named underwriting and actuarial expert Lee Lloyd as president of its programs unit within the company’s property/casualty division. Lloyd comes to Crump from United Educators Insurance, where he held senior leadership roles over the …