All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012.Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Mar 12 2013 // A mergers and acquisitions advisory firm focusing on the insurance agency sector says it is hearing more this year about “a lack of quality acquisition opportunities,” which could lead to fewer deals this year...
Mar 4 2013 // The UK’s Amlin plc announced it has entered into an agreement to acquire RaetsMarine, a managing general agent it said is ranked in the top three global providers of fixed premium marine liability protection and...
Feb 19 2013 // The global use of Transactional Insurance could rise by as much as 25 percent in 2013, according to Jeffrey Cowhey, President of Ambridge Partners LLC. The company’s announcement described the product as “a...
Feb 14 2013 // Everest National Insurance Co., the U.S.-based insurance division of Everest Re Group, has formed a new managing general agency, Specialty Insurance Group (SIG), which will focus on the sports and leisure industry. SIG...
Feb 11 2013 // Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, targeting clients ranging from micro businesses to international corporations.The...
Jan 31 2013 // Arc Legal Assistance, which provides legal expenses insurance and related services, has become a member of the Managing General Agents’ Association (MGAA), which represents MGA’s doing business in the UK...
Jan 28 2013 // A pending legal battle that could expose wholesalers in California to more lawsuits was the centerpiece of talk at the California Insurance Wholesalers Association conference in San Diego in mid-January.During the...
Jan 23 2013 // New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New York. Founded in 1973, Buckingham Badler Associates is based in Staten Island, N.Y.,...
Jan 14 2013 // A bill passed during the 2011 session of the Texas Legislature is creating havoc for some independent insurance agents in the state.House Bill 3410 creates a definition of a managing underwriter, and addresses the filing...
Jan 11 2013 // A pending legal battle that could expose wholesalers in California to more lawsuits was the centerpiece of talk at the California Insurance Wholesalers Association conference in San Diego on Friday.The three-day...
Dec 19 2012 // Bermuda-based PartnerRe Ltd. announced a definitive agreement to acquire California-based Presidio Reinsurance Group, a U.S. specialty accident and health reinsurance and insurance writer.PartnerRe said it would...
Dec 4 2012 // The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook...
Nov 28 2012 // 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...
Oct 25 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Oct 22 2012 // Mission Select Insurance ServicesA new managing general agency — Mission Select Insurance Services LLC — has been formed in Texas with a focus on residential property. Mission Select, based in Argyle, was formed with...
Oct 9 2012 // A new managing general agency — Mission Select Insurance Services, LLC — has been formed in Texas with a focus on residential property.Mission Select, based in Argyle, was formed with the backing of San Diego,...
Oct 8 2012 // USI, TD InsuranceUSI Insurance Services, a brokerage and financial services firm in Briarcliff Manor, N.Y., said on Sept. 24 that it has completed the acquisition of TD Insurance Inc., a U.S. subsidiary of TD Bank, N.A....
Oct 8 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Oct 8 2012 // AmWINSNorth Carolina-based insurance wholesaler AmWINS Group Inc. has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...