Latest Insurance Wholesale Headlines

All the headlines from our Insurance Wholesale Topic Page, ordered by recency.

UK’s Managing General Agents Take Further Steps to Create Association

Jan 27 2011 // The next step in the launch of the UK’s Managing General Agents’ Association (MGAA) was successfully achieved this week, following the final meeting in a round of consultative discussions with key stakeholders,...

Ryan Specialty Intros New CAT/Construction Risk Facility in Texas

Jan 20 2011 // Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and...

2011 Insurance Industry Meetings and Conventions Directory

Jan 10 2011 // Welcome to Insurance Journal’s 2011 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...

Texas-Based Insurer GAINSCO to De-list Its Common Stock

Jan 10 2011 // GAINSCO Inc. (NYSE Amex: GAN), an insurance holding company headquartered in Dallas, has announced it will voluntarily suspend trading of its common stock. The company reports there are fewer than 300 holders of its common...

California Wholesaler Appointing Wholesalers, Surplus Lines Brokers, MGA’s to Write E&O Insurance

Jan 5 2011 // Effective January 5 2011 – Laurel Fowler Insurance Broker, Inc – California based wholesaler is appointing Wholesalers, Surplus lines Brokers and MGA’s in Texas, California, Florida and most States, to...

Lessons Learned and Looking Ahead at Lloyd’s

Dec 20 2010 // December is often a time of reflection on what we’ve achieved, where we’ve stumbled and what lessons we will take forward into the New Year.When Lloyd’s published its three-year strategy earlier this...

People

Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...

Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable

Dec 5 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents...

UK MGAs Gather to Support New Managing General Agents’ Association

Nov 24 2010 // The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite...

Program Business Stable But Less Profitable: Guy Carpenter Survey

Nov 12 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators and managing general agents.Program...

Late Filings of Surplus Lines Policies Draw Fines in Texas

Nov 10 2010 // If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing...

James Joins RSI International in Commercial Underwriting Unit

Nov 8 2010 // RSI International Inc., a Texas-based managing general agency, announced that Robin James has joined its Commercial Underwriting Department in Arlington. James joins RSI after relocating to Texas from Goldsboro, N.C.,...

IronHealth Launches Program for Medicare Reporting Requirements

Oct 25 2010 // IronHealth, the specialty healthcare unit of Ironshore Inc., has developed a insurance program to address the risk exposure created by the specific reporting requirements of Section 111 of the Medicare, Medicaid and SCHIP...

Lloyd’s McGovern Works to Expand No. American Business; Part II

Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...

E&S Wrap Up: Broker Mergers, Expansions and Start Ups

Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...

How Program Partners Can Help Agents Sell Value

Aug 2 2010 // There is a quote from Warren Buffet that I want to put on my wall and send to all my colleagues: “Price is what you pay. Value is what you get.”Agents, brokers and underwriters should heed Mr. Buffet’s...

As the Wholesale World Turns

Jul 19 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...

Swett & Crawford Goes Global With Cooper Gay

Jul 19 2010 // Swett & Crawford, one of the nation’s largest and oldest wholesale insurance brokerage firms, and London-based independent wholesale, reinsurance and specialist broker Cooper Gay, completed negotiations to form a...

MGAs Key to Florida’s Property Market, Say Officials, Execs

Jun 21 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance executives agree.In a...

Olympus Insurance Cleared by Florida Regulators

Jun 10 2010 // Home and condominium insurer Olympus Insurance Co., which in April came under scrutiny by Florida insurance regulators, has convinced the regulators that its financial contracts, accounting methods, reinsurance program and...