Program Business News

Seizing Today’s Program Business Opportunities

Today’s program administrators continue to face plenty of challenges, including increased competition, high merger and acquisition activity, market pressures for more creative options, and other issues. Those challenges are leading to opportunities as the industry is forced to create and …

Putz to Succeed Brunner as Head of Programs for Zurich North America

Zurich North America has appointed David Putz as head of Direct Markets and Programs effective January 1, 2017. Putz is currently head of Direct Markets for Zurich and with the retirement of current head of Programs, Roger Brunner, his role …

Watford Specialty Looking to Build Program Business with U.S. Acquisition

Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of Columbia. The previously dormant …

Abacus Insurance Brokers Launches Professional Small Business Program

Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has launched its online Professional Small Business Program. The program provides general liability, errors & omissions, inland marine and workers compensation for 120 classes of …

Fry Promoted to Senior VP Specialty Programs at QBE North America

QBE North America said it has promoted Erin Fry to senior vice president and underwriting leader for its Specialty Programs division. Fry will be responsible for the strategic underwriting plan for QBE specialty products delivered through the managing general agency …

Brown Named CEO of Willis Programs

Willis Towers Watson has appointed Stacy D. Brown as president and CEO of Willis Programs, the company’s program administration business. Brown brings 28 years of experience in the insurance and environmental consulting industry to this role. He joined Freberg Environmental …

General Star Management Adds Title Agents E&O Program

General Star Management Co. has launched a new E&O program for title agents. Available in all jurisdictions except for Alaska, Hawaii, Louisiana, and West Virginia, the program is offered through American Insurance Professional LLC, of Phoenix, the sole program administrator …

Verisk Opens Commercial Property Data to MGAs, Program Managers

Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in excess and surplus lines. The data had been only …

Venture Insurance Expands Golf & Country Club Program to 14 New States

Venture Insurance Programs, a national insurance program administrator, has expanded its flagship PREFERRED CLUB program for the golf and country club industry to 14 additional states through Allied World Assurance Company (AWAC), one of three carriers supporting the program. PREFERRED …

K2 Insurance Acquires MGA, Launches Workers’ Comp, Accident Program with QBE

Program specialist K2 Insurance Services (K2) has acquired a New Jersey managing general agency specializing in workers’ compensation alternatives and also launched a nationwide workers’ compensation program with another Kentucky program manager and QBE North America. K2, which was formed …