“There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.” Hank Haldeman, president of the board of directors for the National Association of Professional Surplus Lines Offices, sounded …
JLT Re, the London-based reinsurance broker and consultancy, announced it is continuing to develop and diversify its Programs and Binding Authority Division with three new appointments. Mark Sleet has joined from Miller where he specialized in casualty business; Sleet has …
The Energy Unit of Ironshore’s U.S. Specialty Casualty unitis now offering enhanced insurance coverage endorsements for upstream energy risks as part of its ExcessProtect Plus Energy Commercial Excess Liability policy. The suite of endorsements provides insurance coverage for energy risks …
Kevin T. Westrope, president of Westrope, an independent wholesale brokerage based in Kansas City, Mo., has been elected to serve as the new president of the National Association of Professional Surplus Lines Offices (NAPSLO) for the 2013-2014 term. Westrope has …
Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the blame for these …
MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its commercial specialty program underwriting practice with the addition of Jackie Bourret as vice president, program development. Bourret was formerly vice president at Argo Group …
The American Association of Managing General Agents (AAMGA) has decided to expand its membership to include all wholesale insurance professionals, while keeping its original name. Membership will now be open not only to MGAs, but also to managing general underwriters, …
Coventry Risk Specialty, an MGA focused on the construction industry, has launched a new Builders Reporting Policy (BRP) product for the construction industry. Coventry is the countrywide exclusive underwriter and will distribute the product through preferred surplus lines brokers. The …
Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds facing unique product liability challenges. With an ISO format that …
Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, according to a ReSource Intermediaries survey. Traditional fee-for-service contracts that reward …
