Program Business News

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 …

Program Specialists Targeting Emerging Risks and ‘Doing Old Things Better’

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 …

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 …