Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has launched an online jewelers block program. The program is available in all 50 states on an admitted basis with an “A” rated XV carrier. …
Ironshore Inc. has expanded its international platform to the Australian market to provide access to specialty insurance coverages for large, complex corporate risk. David Rogers has been appointed managing director of Ironshore Australia Pty Ltd. to lead the initiative, reporting …
London-based broker Cooper Gay announced that it has restructured its UK business, Cooper Gay & Co Ltd, into three core trading units to form a stronger and more streamlined platform for growth. The UK business is part of Cooper Gay/Swett …
Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial Services Ltd. Nationwide Mutual Group ACE Ltd. W.R. Berkley Corp. Markel Corp. CNA Financial Corp. QBE Insurance Group Ltd. Alleghany …
Freedom Specialty Insurance Co. has launched its First Choice excess policy form. The coverage includes: Policy follows “followed policy,” easy to ensure terms match the “followed policy” Reduction or exhaustion of underlying limits coverage section includes wording for payment by …
WIAA Insurance Services, the general agency arm of the Western Insurance Agents Association (WIAA) has expanded their relationship with MarketScout Wholesale (MSW) and a select excess and surplus carrier. WIAA Insurance Services and MarketScout have been partners since 2007. This …
Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head the division, reporting to Michael Wills, president and …
Australia’s QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include a U.S. crop and small specialist program insurance business. QBE said the acquisition supports its “commitment to growing the business …
The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve taken on in the past few years. The reason? …
It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail agents scrambling to retain …
