Excess/Surplus, Specialty, Wholesaler Brokers News

Surplus Lines Bills Await Schwarzenegger’s Signature

The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger. AB 1708 (Villines), sponsored by the California Department of Insurance, would require the total capital and surplus requirements for nonadmitted insurers …

Argo Group Appoints Fleischer as E&S Segment Chief Underwriting Officer

The Excess and Surplus Lines segment of Argo Group International Holdings, Ltd. has appointed Michael Fleischer as E&S segment chief underwriting officer. Fleischer will work closely with E&S segment businesses Colony, Argo Pro and Argo Specialty to help maximize profitability …

NAS Expands Regulatory Business Interruption Coverage

NAS has expanded its Regulatory Business Interruption (RBI) product to include coverage for mandatory and voluntary evacuation. RBI provides companies with extra expense protection, on a per day basis, for business interruption or interference due to business closure by a …

Milton O. Johnston to Offer Main Street America Commercial Coverages

Houston, Texas-based managing general agent Milton O. Johnston & Co. Ltd. has been appointed by The Main Street America Group to write commercial general liability, commercial auto (liability and physical damage) and cargo insurance coverage in Texas and Illinois. Other …

Ascinsure: Retailer-Owned Wholesale Broker Rebrands in a Down Market

Trust us. That, in a nutshell, is the underlying message behind a new rebranding campaign for Ascinsure Specialty Risk, the wholesale broker subsidiary of Pittsburgh-based retail brokerage Allied Insurance Brokers. The rebranding includes a name change (it’s pronounced, “uh SIN …

OneBeacon Launches New E&S Division; Crosby to Head

Massachusetts-based OneBeacon Insurance Group said it is launching a new E&S lines business and has appointed Dennis Crosby as president of the business, OneBeacon Excess and Surplus Lines. OneBeacon said the new division will both support its current business and …

Goldie to Succeed Clarke as Head of PartnerRe Global Specialty Lines

Bermuda-based PartnerRe Ltd. announced that Charles Goldie has been appointed Head of Specialty Lines, PartnerRe Global, effective September 1, 2010. The Specialty Lines business unit in PartnerRe Global comprises agriculture, surety and specialty casualty outside of North America as well …

Travis Joins IMS in Houston

Houston-based IMS Insurance Market Solutions announced that Mary E. Travis is joining the company as vice president of Contract Underwriting, effective Aug. 23, 2010. Travis is well known throughout the insurance industry having been a lead commercial underwriter in the …

Bancroft Joins Southwest Risk as Senior VP, Property Manager

Simon Bancroft has joined Southwest Risk as senior vice president and property manager. Southwest Risk is a member company of Southwest Insurance Partners and operates offices in Dallas and Houston. As property manager, Bancroft is responsible for the growth of …

R-T Specialty Acquires Chartwell Independent Insurance Brokers

R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC based in Chicago, has acquired Los Angeles-based Chartwell Independent Insurance Brokers LLC. Chartwell, founded in September 2004 by Ben Beazley, is a national wholesale/intermediary organization with expertise in …