The surplus lines industry continues to experience a decline in direct premiums written (DPW). For a third consecutive year in 2009, the surplus lines industry’s DPW fell 4.1 percent, an improvement over 2008 where the DPW fell 6.2 percent. Even …
As the price of gold nudges an all time high of $1300 an ounce, the risks for firms who handle the metal have increased, which “may leave firms under-insured,” notes Marsh’s London office. The record high gold bullion prices “mean …
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 …
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 & …
New York excess line brokers must soon renew their business entity licenses if they want to avoid possible licensing delays later this year, the Excess Line Association of New York (ELANY) said. All business entity licenses for excess line brokers …
BMS, the London-based specialist insurance group, announced the appointment of Carl Beardmore as CEO of BMS Associates Ltd, the group holding company, subject to the approval of the UK’s Financial Services Authority (FSA). The bulletin noted that he has “been …
The Surplus Line Association of California has processed $1.9 billion in premium for the first six months of 2010, a decrease of 15.5 percent compared to the same period in 2009. The total number of policies filed with the SLA …
North Carolina-based wholesale insurance broker AmWINS has won a court order against a former employee it believes is using confidential client information to target AmWINS business accounts and win them over to his new employer. The former employee, David Austin, …
The American Excess Insurance Exchange has achieved 100 percent renewal retention for the fifth year in a row. Managed by Charlotte, N.C.-based Premier Insurance Management Services Inc. , AEIX provides excess professional and general liability insurance to not-for-profit hospitals and …
Upstate New York-based wholesaler Russell Bond & Co. has opened a branch office in Massachusetts. The new office, located in Westfield, is headed by Barbara Simpson. __ Source: Russell Bond & Co.
