LevelFirst a diversified wholesale broker and managing general agency headquartered in Dallas, has opened an Austin, Texas, office. Vivian Plein has joined LevelFirst to lead the Austin office. Plein has more than 10 years of excess and surplus insurance production …
AmWINS Group Inc., based in Charlotte, N.C., has completed its recapitalization with the private equity firm New Mountain Capital of New York. As announced on April 17, 2012, the wholesale insurance broker reported that its management and employee shareholders agreed …
States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance. The adopted method aims to streamlines the allocation and distribution process of surplus lines premium …
On May 4, 2012, CRC Insurance Services Inc., Crump Insurance Services Inc., and R-T Specialty LLC jointly announced that the three parties resolved all existing disputes between them. All three organizations said the conflicts were resolved in a global, confidential …
U.S. excess and surplus market is seeing a slight uptick in premiums, a new report reveals. After several years of declines, U.S. E&S insurers saw an increase in the overall amount of direct premiums written in 2011, according to SNL …
OneBeacon Insurance Group Ltd. has formed a new specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan Beaudette. The group will focus on small to medium commercial business written through select managing general agents, managing general …
The recent acquisition of Roseland, N.J.-based insurance wholesaler Crump Group by BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., created one of the largest providers of wholesale commercial insurance brokerage and specialty programs in the …
Hiscox made a number of changes to its U.S. Management Team, appointing a new CEO and chief underwriting officer for Hiscox USA. Ben Walter, current chief operating officer of Hiscox USA has been promoted to CEO effective April 1, 2012. …
A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up for the program. The Florida Senate by …
Eugene F. McDonough has been appointed as New England regional executive and vice president of U.S. operations for Ironshore Inc. McDonough, based in Boston, will be responsible for business development and program oversight in the region representing New England and …
