Wholesale Brokers News

The Changing Surplus Lines Landscape in California and Beyond

The changing excess and surplus insurance landscape was an oft discussed topic on Monday, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be changing. No question.” …

NAPSLO Panel: Tech Disruption May be Good for E&S Market

“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 …

ThoughtWorks Provides New Thinking for Insurers’ Software Needs

Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of the most innovative creators of what …

Coventry Risk Specialty Launches Pay-As-You Build Construction Program

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 …

Texas-Based LevelFirst Adds Harris as Senior Broker

LevelFirst, a wholesale insurance broker and managing general agency based in Dallas, Texas, announced that Lawana Harris has joined the firm as a senior broker. Harris brings 27 years of insurance experience, with 12 of those in excess and surplus …

Atlantic Casualty Names Strickland President, Chief Operating Officer

Bret Strickland has been named president and chief operating officer of Atlantic Casualty Insurance Co., replacing William G. Reynolds, who retired after more than 35 years in the insurance Industry. Strickland started with Atlantic Casualty in 1997 and for the …

Monster Insurance Acquires Renewal Rights for OneBeacon Energy Book

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that MarketScout subsidiary, Monster Insurance, has entered into an agreement with OneBeacon Insurance Co. over renewal rights to OneBeacon’s energy book of business. “Monster Insurance will offer …

Program Specialists: Thriving in All Market Conditions

There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s increasingly not the case …

Berger Named President of Berkley Specialty Underwriting Managers

Kenneth J. Berger has been named president of Berkley Specialty Underwriting Managers LLC. The appointment is effective immediately. Berger succeeds Steven S. Zeitman, who has been appointed chairman and will remain chief executive officer. Berger, who joined Berkley Specialty Underwriting …

ProWriters Acquired; Opens as Independent Managing General Underwriter

West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU). Brian Thornton, the new president of ProWriters and a 13-year veteran of the insurance industry, has acquired the …