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 …
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 …
Southwest Risk, a national wholesale intermediary specializing in property and casualty risks, has formed a new habitational program designed to insure apartments, condominiums and townhouses in 46 states across the country. Designed to meet the needs of habitational property owners …
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 …
Brian Krause has joined Houston-based J.H. Blades & Co. Inc., a division of Swett & Crawford. Krause is a veteran in the oil and gas well control and firefighting world. He began his well control career as a 19-year-old apprentice …
U.S. Risk Insurance Group Inc. has promoted Mike Mullens, the current national practice leader for the U.S. Risk healthcare division, to executive vice president. Mullens has more than 35 years experience in the insurance industry specializing in general liability, property …
