The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists. R-T Specialty LLC acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on …
Georgia-based N-Surance Outlets has named Gary Alexander as underwriting manager. Alexander will oversee all underwriting activities for the managing general agent and wholesaler. Alexander, a 30-year veteran of the insurance industry, has held underwriting and management positions at various MGAs …
Liberty International Underwriters U.S. (LIU) has launched an Excess and Surplus Lines (E&S) Property product. This product provides wholesale brokers with a new market for their clients’ commercial property business and targets their mid- and large-sized property portfolio risks with …
One provision under new surplus lines insurance reform legislation was made easier to implement now that a national online producer database has expanded to meet the licensing needs of surplus lines brokers. The National Insurance Producer Registry (NIPR) will now …
NAS Insurance Services is now offering social services risks up to a $100,000 MEDEFENSE Plus sublimit for the defense costs and civil fines and penalties associated with allegations of improper billing, HIPAA privacy, EMTALA and Stark Proceedings brought against an …
Marsh has launched its innovative Mobile Asset and Commodity Expropriation (MACE) insurance facility, which, it said will “meet the increased concern of multinational companies about the rise in political risks globally.” The product provides up to $100 million of cover …
Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis. Terms were not disclosed. The deal is the fourth for Breckenridge, which …
The National Conference of Insurance Legislators (NCOIL) has adopted a revised version of the Surplus Lines Multi-State Insurance Compact (SLIMPACT) as well as a resolution urging the states to amend their insurance laws to have them conform to the recently …
The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite on behalf of Lloyd’s syndicates and other insurers, have …
The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance Reform Act, or NRRA, was supported by the …
