All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Apr 5 2004 // Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop.The Risk Management Agency (RMA), the U.S. Department...
Apr 5 2004 // In 2004, the California homeowners and dwelling marketplace continues to erode. In October 2003, catastrophic wildfires destroyed 790,000 acres of brush and forest land, and along the way destroyed 3640 homes, 1141...
Mar 18 2004 // nuServe, a San Francisco-based provider of technology-related risk management tools, announced the expansion of a new service called nsBusiness Network. The expanded nuServe software aims to provide managing general...
Mar 12 2004 // Custom Insurance Solutions (CIS) announced the availability of integration between Agency Information Manager and AMS-Rackley PolicyRater for all 50 states. The two-way integration seamlessly transfers policy, risk,...
Mar 2 2004 // American Wholesale Insurance Group, a large independent wholesale insurance broker, has acquired New Jersey-based Property Risk Services, LLC. (PRS), a property wholesale brokerage group.“The addition of PRS...
Feb 27 2004 // American Wholesale Insurance Group, the nation’s largest independent wholesale insurance broker, announces the formation of a new wholesale brokerage operation in San Francisco, California to be led by Roger...
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Feb 23 2004 // Ah, the lives of the rich and famous. Well, the rich at least, the famous part carries a little too much baggage for my taste. Still, the very rich lead lives to which most of us would love to become accustomed. Multiple...
Feb 23 2004 // Managing general agents need retail insurance agents; retail agents need MGAs. That much is true. So, given this reciprocal professional dependence, why are working relationships between these two groups sometimes burdened...
Feb 13 2004 // Chicago-based private equity investment firm Frontenac Co. LLC announced that it has acquired a majority interest in WNC Insurance Services, based in South Pasadena, Calif. WNC, a managing general underwriter (MGU), is a...
Jan 20 2004 // QualCorp Inc., headquartered in Valencia, Calif., announced that they have just completed the integration of their policy administration/issuance system, FormsPlus Enterprise and Agency Systems MGA/Wholesale Accounting...
Jan 14 2004 // New York City-based commercial lines wholesaler BISYS has acquired St. Louis-based Uhlemeyer Services Inc., a managing general agency that specializes in workers’ compensation.BISYS said the acquisition complements...
Dec 22 2003 // Bud Stumbaugh, CEO of AssuranceAmerica Corp. announced that its subsidiary, AssuranceAmerica Insurance Company, a P/C insurer that focuses on the nonstandard private passenger automobile market, will commence writing...
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...
Nov 28 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE...
Nov 5 2003 // CATEX announced that MGU Savannah Reinsurance Underwriting Management, LLC, a member of the Georgia-based Palmer & Cay group of companies, has agreed to license a CATEX web-based Reinsurance Transaction System based...
Nov 3 2003 // Texas-based Underwriters MGA (UMGA), a Texas- based corporation with offices in Hidalgo County, announced it has filed a court petition to reclaim millions of dollars in revenues the company said it lost as a result of...