Program Business News

CPro Associates Spin-Off Concentrating on Commercial Insurance Business

Dallas-based CPro Associates has spun off its binding authority and programs unit as a new company, B&H Risk Services Inc., headed by William E. Buckley. Buckley joined CPro in late 2013 to form and develop the new business unit. B&H focuses …

Venture Expands Cyber Liability Coverage to Hospitality Industries

Venture Insurance Programs has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts. The policy offers flexible, less expensive coverage for the costs …

Program Brokerage Corp. Acquires South Carolina’s Sirles

Program Brokerage Corp. (PBC), a wholesale subsidiary of insurance broker Hub International Limited (Hub), sad it has acquired the assets of Sirles Insurance Group Inc., a South Carolina-based commercial insurance brokerage firm. Terms of the acquisition were not disclosed. In …

Insurance Program Provider Energi Opens New Office in Irving, Texas

Energi, a provider of risk management and insurance programs for the energy industry, has opened a new satellite office in Irving, Texas. The new office is located in The Towers at Williams Square. Energi also plans to open an additional …

WKFC Launches Miscellaneous Professional Liability Program

Ryan Specialty Group’s WKFC has launched a miscellaneous professional liability program with the Chubb Group of Insurance Cos. (Chubb). The miscellaneous professional program is available for more than 100 classes of business that are not covered by traditional coverage. The …

Program Business Market Grows 10% to $27B, TMPAA Study Finds

The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market. The “State of Program Business Study” was presented at the association’s …

MarketScout Adds Bourret in Commercial Program Underwriting Practice

MarketScout, an insurance distribution and underwriting company headquartered in Dallas, Texas, has expanded its commercial insurance specialty program underwriting practice with the addition of Jackie Bourret as vice president, program development. Bourret was formerly vice president at Argo Group US …

Highland Risk Services Partners with Ironshore for Continuing Care Retirement Communities

Glenview, Ill.-based insurance wholesaler Highland Risk Services announced an exclusive partnership with Ironshore to provide liability insurance for the empirical risk program, which is designed specifically for continuing care retirement communities (CCRCs). It recognizes and rewards CCRCs for their designation …

Georgia’s Ink Underwriting Acquires California’s Pioneer Programs

Newly-formed Ink Underwriting in Kennesaw, Georgia, said it has acquired Pioneer Programs Insurance Solutions, a Pasadena, California-based niche insurance program administrator for the construction and long term care industries. The firm said Pioneer Programs, which was formed in 2008, has …

Survey: Specialty Carriers Look to Grow Through Program Business in 2013

Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement …