Specialty News

Regional Insurance Services Co. Adds Tabor as Texas Business Director

As part of its expansion into the Texas marketplace, Louisiana-based Regional Insurance Services Co. (RISCOM) has hired Claire Tabor as Texas business director. Headquartered in Shreveport, La., RISCOM is a commercial lines general agency specializing in auto, general liability, property, …

Dowdy to Lead Zurich North America Railroad Insurance Practice

Zurich announced that Jim Dowdy will add responsibility for its North America railroad insurance practice in addition to overseeing Zurich’s specialty lines property business. The company also appointed Ron Mathewson and Gary Linde as casualty underwriters supporting the railroad business. …

Surplus Lines Group Honors Haldeman, Leonard, Others in Industry

Hank Haldeman, executive vice president of The Sullivan Group and co-chair of the National Association of Professional Surplus Lines Offices (NAPSLO) legislative committee, was presented the Charles A. McAlear/NAPSLO Industry Award at the 2011 NAPSLO Annual Convention in San Diego …

Surplus Lines Execs Address Leadership, Perpetuation

Four industry leaders attempted to tackle explaining the definition of “leadership” and what it takes to be a leader, while addressing perpetuation concerns during the “Next Generation Panel Discussion: Developing the Future Leaders of Our Industry” at the annual National …

Jansen and Hastings Launch Cove MGA

Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs, a newly formed underwriting agency and approved Lloyd’s …

RSA launches Global Specialty Lines

RSA has combined its risk managed and specialist businesses across the globe to create the Global Specialty Lines (GSL) division. Led by Paul Donaldson, group sales and broker relationships director, the GSL division is comprised of its specialist departments: Risk …

Burns & Wilcox Promotes LaLonde to Manager, Insurance Solutions

James LaLonde has been promoted to manager of insurance solutions at Burns & Wilcox. LaLonde previously served as an insurance solutions analyst II in the insurance solutions group of the IT department. He is the lead on several key projects, …

Selective to Acquire Montpelier Re E&S Unit for $55M

Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed before the end of the year, pending customary closing …

Venture Capital Firm Buys California Wholesaler Yates, Rolls Out Growth Plan

Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, Calif.-based Yates & Associates and given founder Jim Yates a three-year contract as chairman. The company said it now …

Aran Insurance Services to Offer Specialty P&C Programs in Canada

Aran Insurance Services Group’s property and casualty subsidiary MiniCo Insurance Agency, LLC, will offer specialty insurance programs in Canada through its new affiliate, MiniCo Insurance Agency of Canada, Inc. MiniCo’s self-storage product line will be available in Canada during the …