H.W. Kaufman Financial Group, a privately held company headed by Alan Jay Kaufman, has acquired Colorado-based US Reports Inc. – a national loss control inspection, premium audit and risk management services firm. US Reports is a family owned 70-employee risk …
Excess and surplus insurers endured another year of declining premiums in 2009, writing 7.5 percent fewer direct premiums versus the prior year, according to SNL Financial’s analysis of the U.S. E&S market. The slide comes after significant declines in 2008, …
Connecticut-based insurer W. R. Berkley Corp. reported a $119 million profit in the first quarter and announced plans to open an excess and surplus (E&S) underwriting company in Virginia. Net premiums written were $984 million, down from $1.023 billion in …
Louisiana House Bill 285 by Rep. Pearson, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives. According to David Tatman, a representative for the Louisiana Surplus Lines Association, the bill passed by a …
The original story on the acquisition of Colemont Brokers by AmWINS Group identified the post-merger AmWINS as the largest wholesale broker. But this is only true when considering property/casualty premiums alone. AmWINS’ combined property/casualty and benefits premium of $4.8 billion …
The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal, for which no outside …
Starr Indemnity & Liability Co. Inc. has formed General Casualty Excess Group, which will provide liability options for accounts that use risk management services. Starr Indemnity can offer up to $25 million in capacity limits and will quote anywhere in …
AmWINS Group, Inc. and Colemont Insurance Brokers today announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with over 1,800 employees in 16 countries worldwide. Terms of …
The Surplus Line Association of Illinois has launched a new series of training videos. The videos were developed for training licensees and clerical staff. The series of 16 different videos covers various topics from membership forms, to SLA’s electronic filing …
One of the major bills of interest to the surplus lines industry in Louisiana during the current legilative session would clarify the exemption from rate and form filing for providers of excess and surplus insurance in that state. The session …
