Wholesale insurance News

Attention Young Professionals: Wholesale Insurance Is ‘Where the Magic Happens’

According to wholesale insurance executives, their segment of the property/casualty insurance industry is more exciting and fulfilling than other sectors of the industry. It’s also full of potential for young insurance professionals starting out in the current hard market and …

Wholesale Brokers Look to Continue Offering Value While Addressing Talent Gap

The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance Association (WSIA). But the segment must face the challenge …

People Moves: Lockton Hires WTW’s Danyluk as Head Int’l Property, Wholesale; HSB Promotes Prentice in Cyber; Apollo’s Ker Becomes Castel’s Head of Performance

Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/C Lockton, the world’s largest privately owned independent insurance broker, has appointed Andrzej Danyluk as head of International Property within the Wholesale Property & Casualty (P/C) division. In his new …

Insurance Groups AAMGA, NAPSLO in Merger Talks

The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a joint committee to explore the idea. Brady Kelley, executive director, …

London-Based Chubb Global Markets Announces Lineup of Management Team

Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately. As previously announced, Matthew Shaw will serve as executive vice president, Europe, and division president, Chubb Global …

Report Shows Month-to-Month Surplus Lines Volatility in California

So far it’s been an “unusual year” for surplus lines in California. Filed premiums were up 14.1 percent in October from the same month last year, but that increase followed a 38.3 percent year-over-year drop in September, new figures from …