All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
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...
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...
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...
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...
Jun 8 2010 // The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a...
Jun 7 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...
Jun 4 2010 // Scottsdale, Ariz.-based Nautilus Insurance Group, comprised of W.R. Berkley Corp. member companies Nautilus Insurance Co. and Great Divide Insurance Co., has been recognized with community service, advertising and...
May 25 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 industry executives...
May 17 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
May 17 2010 // Having met the management of many managing general agencies (MGA), and managing general underwriters (MGU), I have been somewhat surprised by their perspective on their errors and omissions (E&O) claim potential. Some...
May 17 2010 // Managing general agents have a positive attitude about what’s to come in the next year. The soft market and recession forced many MGAs to get better at what they do, says Mark Rothert of the Portland, Ore.-based Ron...
May 3 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
May 3 2010 // MGAs Attract“From a national and Florida’s perspective, MGAs are the best and sometimes only way to attract private capital into a hurricane-prone state. While effective oversight is always appropriate, it is...
Apr 21 2010 // The Florida-Based Property Insurers CEO Group, representing 21 carriers, held a media conference today to discuss legislation to address the problems in the state’s property insurance market. The group downplayed the...
Apr 19 2010 // AmWINS Group, Inc. and Colemont Insurance Brokers announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with more than 1,800 employees...
Apr 15 2010 // St. James Insurance Group, based in Orlando, Fla., has re-entered the commercial lines business after a five year absence.The program manager has appointed Dave Stricker, former senior vice president of All Risks Ltd., to...
Apr 14 2010 // Socius Insurance Services Inc., a San Francisco-based management liability and property and casualty insurance wholesaler, announced the appointment of Kevin G. Miller as assistant vice president in the firm’s San...
Apr 12 2010 // Another young Florida property insurance company is in trouble with state regulators and could lose its license if it does not cut back on business, boost its reinsurance and explain some if its accounting.Olympus...
Apr 9 2010 // AmWINS Group, Inc. and Colemont Insurance Brokers today announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with over 1,800...
Apr 5 2010 // Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities.“I’d...