Program Business News

How Programs Address Emerging Risks

Specialists in the program business segment agree – this is a good market to be in right now. Those specialists also agree that the program business market is poised to handle emerging risks that face the industry, in fact, they …

Target Markets Study: Program Business Revenue Doubled in 5 Years

The financial performance of commercial property casualty insurance program administrators continues to outpace the performance of the overall property casualty insurance markets, according to the most recent study for the Target Markets Program Administrators Association (TMPAA). Program business premium revenues …

K&K to Partner with Producers to Provide New Program Business Markets

K&K Insurance Group, Inc., a subsidiary of Aon plc, is now accepting property and casualty program business from producers. K&K has provided property and casualty program options for more than 60 years, traditionally focused on the sports and leisure industries, …

QBE, Jorgensen & Co. to Offer Accountants Professional Liability Coverage

QBE North America and Jorgensen & Co., a specialist professional liability managing general underwriter, have formed an underwriting agreement to provide accountants and consultants professional liability insurance (APL). According to Don Allard, senior vice president, Specialty Programs at QBE, this …

General Star to Combine Contract P&C, E&O Divisions Into Program Unit

Surplus lines insurer General Star announced it is combining its contract Property/Casualty and Errors & Omissions divisions into a new delegated business division under the leadership of Matt Brown. The new division will be comprised of the existing contract P&C …

Aspen Appoints Tassone as Executive VP for U.S. Program Business

Aspen Insurance announced today that Dominick Tassone has been appointed executive vice president, Programs, for its U.S. business. Tassone’s appointment will be effective from Oct. 1, 2015 when Tom Muller, the current head of Programs for Aspen U.S. Insurance, retires …

JLT Re Builds Programs & Binding Authorities Division with 3 New Hires

JLT Re, the London-based reinsurance broker and consultancy, announced it is continuing to develop and diversify its Programs and Binding Authority Division with three new appointments. Mark Sleet has joined from Miller where he specialized in casualty business; Sleet has …

QBE North America Adds Fry, Remy as Specialty Program Underwriting VPs

QBE North America  announced two new underwriting vice presidents in the company’s Specialty Programs unit – Erin Fry and Bob Remy. Fry joins QBE from XL, where she was vice president and head of professional liability programs. She will be …

AIG Buys Controlling Interest in Program Manager NSM Group

American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, a managing general agent and insurance program administrator, from ABRY Partners and NSM management. Terms of the deal were not disclosed. The transaction is expected …

Not All Program Market Competition Is Good

The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are cautioning that not all competition is good. Program business premiums grew …