All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Feb 23 2010 // The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was...
Feb 21 2010 // “Price is what you pay. Value is what you get.”—Warren BuffetAgents, brokers and underwriters should heed Mr. Buffet’s advice and consider how they’re doing business. I’ll bet if I asked...
Feb 11 2010 // Dallas-based Towerstone Inc., a wholesale insurance broker and managing general agency, announced that Rachel Blais, Jennie Conditt, J.B. Hill, Amy McCarty and Ryan Taylor have joined the company. Conditt is an assistant...
Feb 5 2010 // Following Lloyd’s approval, specialist Lloyd’s insurer Jubilee Managing Agency Limited has merged its auto coverage Syndicate 1231 and its property and personal lines Syndicate 5820 for the 2010 year of...
Feb 3 2010 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B (Fair) and issuer credit rating (ICR) of “bb+” of MGA Insurance Company Inc. (MGA) of Dallas, Texas....
Jan 24 2010 // A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance Exchange has drawn the attention of insurance industry executives and...
Jan 22 2010 // Pacific Wholesale Insurance Brokers LLC, an ISG Co., announced that Brian Janes has joined as vice president/property broker in the Burbank, Calif., office. His responsibilities include developing his book of property...
Jan 5 2010 // Los Angeles, CA, January 5, 2010 – Sullivan Brokers Wholesale Insurance Solutions, Inc. is pleased to announce that on Monday, January 4, 2010, Paula Cobbett, CPCU, ARM joined the firm in the Northern California...
Jan 5 2010 // Los Angeles-based Heritage General Agency, a managing general agent and operating division of Worldwide Facilities Inc., has changed its trade name to Worldwide Facilities Inc. There will be no change in staff, offices or...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Dec 18 2009 // “Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic...
Dec 14 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced the formation of a new UK Managing General Agent, Paladin Underwriting Agency Limited, a wholly-owned subsidiary of the Montpelier Group.The new MGA has received...
Dec 9 2009 // A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under...
Nov 5 2009 // Though fewer of them than a year ago perceive a growing market, carriers still have what must be considered an upbeat opinion of the nation’s program administrators and managing general agents marketplace in light of...
Oct 26 2009 // Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy...
Oct 13 2009 // The National Association of Professional Insurance Agents has named Empower Insurance Group MGA Inc., headquartered in Fort Worth, Texas, as recipient of its 2009 Managing General Agency of the Year Award.“Empower...
Oct 12 2009 // Dallas-based Western Security Surplus Insurance Brokers (WSS) has announced that all managing general agency business and specialty programs that it has been handling will now be written through a new exclusive MGA Dallas...
Sep 30 2009 // Torus, a global specialty insurer, has established Torus (Bermuda) Services Ltd. as a Managing General Agent (MGA) in Bermuda for Torus Insurance (UK) Limited, to “provide enhanced service to its customers, increase...
Sep 16 2009 // New York-based QBE has acquired the CIGNA special risk, student and sports accident insurance book of business. This portfolio provides medical expense coverage for students, athletes and participants in camps, clubs, day...
Aug 20 2009 // Tejas American General Agency (TAGA), an independent privately-owned managing general agency based in the Austin, Texas, area, has recently added three new markets – Insurors Indemnity, Gotham Insurance Company and...