Program Business News

Guy Carpenter Finds Merger Interest with MGAs, Program Managers

Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy Carpenter survey. Seventy-two percent of PAs and MGAs indicated …

AAUComp Announces Grocery Store Program

AAU Comp continues its expansion with a new Grocery Store Program. This program is designed for the retail industry and will be based out of AAU’s new location in El Segundo, Ca. Targeted classes include independent and franchise grocers. This …

AAU Rolls Out New Grocery Store Program

AAU Comp, a subsidiary of USG Holdings, has introduced a new Grocery Store Program. This program is designed for the retail industry and will be based out of AAU’s new location in El Segundo, Calif. Targeted classes include independent and …

AmWINS Names Francavilla President of Program Underwriters

Charlotte, N.C.-based specialty insurance broker AmWINS Group, Inc. has named Ben Francavilla as president of AmWINS Program Underwriters (APU). In this role, Francavilla will be responsible for the day-to-day operations of APU, a managing general agency specializing in affinity and …

PGI Commercial Expands Hospitality Program to Illinois

PGI Commercial, headquartered in New Jersey, has introduced a hospitality insurance program in Illinois on an admitted basis. Coverage is provided by member companies of American Safety Insurance Group, which carry an “A” (Excellent) VIII rating by A.M. Best. The …

Irwin Siegel Agency Offers Addiction Treatment Coverage Program

Rock Hill, New York-based Irwin Siegel Agency Inc. (ISA) has partnered with ACE Medical Risk to offer a new insurance program for addiction treatment organizations. This program is written on admitted paper through insurers in the ACE Group and will …

AAU Comp Introduces Auto Repair Industry Program in California

AAU Comp, which launched in July this year, is introducing its first product, a workers compensation program for the auto repair and service industry that will be based out of its new location in El Segundo, Calif. The targeted classes …

Brownyard Adds Equipment Breakdown Coverage for Specialty Programs

The Brownyard Group, based in Bay Shore, N.Y., is offering Equipment Breakdown coverage for its security guard (Brownguard), pest control operators (PCOpro) and cosmetic manufacturers (Foundation) programs. Coverage is written through The Hartford Steam Boiler Inspection and Insurance Co., rated …

Rockwood Offers Enhanced E&O Program

Delaware-based Rockwood Programs has announced enhancements to its “Rockwood Defender” MGA/Program Administrator E&O Program. Rockwood is now offering limits of up to $15 million, and enhancements such as a Defense Outside endorsement and flexibility to provide terms to large wholesale …

Rockwood Offers Installments on Life Agents E&O

Rockwood Programs Inc. now offers a quarterly installment option on its life agents errors and omissions (E&O) product. Once established, premium payments will be automatically charged to the policyholder’s credit card. The installment option will be available on all new …