The American Insurance Association (AIA) wants state regulators to emphasize regulatory “effectiveness and efficiency” at the National Association of Insurance Commissioners’ (NAIC) fall meeting in Orlando, Florida this week. The insurer organization said national and international regulatory developments “compel the …
Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to increase it. “We’re in …
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, …
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 …
The co-founder and former CEO of Beazley Group, Andrew Beazley, has passed away at the age of 57. Beazley was co-founder of the company and its CEO for 22 years of its 24-year history. The company founded by Andrew Beazley …
The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation and taxation issues for surplus lines. …
R-T Specialty, LLC, the wholesale brokerage unit of Ryan Specialty Group, LLC, has acquired McAuley Woods & Associates. Headquartered in Palm Beach, Florida, McAuley Woods is a wholesale insurance brokerage that also has offices in Charlottesville, Virginia and Nashville, Tennessee. …
New Jersey-based wholesaler Jimcor Agencies has hired Frazier J. Tharpe as professional liability specialist. Tharpe has 25 years of experience having worked on the carrier, wholesaler and claims sides of the insurance industry, concentrating in professional liability coverage. __ Source: …
Specialty insurer Ironshore Inc. has appointed Peter Ignell vice president of Ironshore Insurance Services, based in St. Louis, Missouri. Ignell will manage the wholesale property operation and develop strategic underwriting and market direction for Ironshore’s team of wholesale underwriters, He …
Burns & Wilcox hired Bill Gatewood to lead the company’s national personal lines sales and marketing, recruitment and product initiatives, effective Sept. 27. Gatewood has more than 20 years personal lines experience with a number of leading insurance carriers. Prior …
