Program Business News

Alternative to Insurtech or Legacy Tech for Small Commercial: Introducing QBE, Arrowhead Partnership

When it was announced in June that San Diego, Calif.-based Arrowhead General Insurance Agency Inc. was selected as the program administrator for QBE North America‘s small commercial insurance portfolio, it immediately raised one big question. Why was a carrier with …

New FITLIFE Program from Venture Targets Fitness Facilities & Spas

Venture Programs, a national insurance program administrator, has launched FITLIFE, a fitness, wellness and spa program. The new program is designed to improve the coverage, risk management and claims handling available to fitness and spa businesses. FITLIFE will provide a …

Markel to Acquire State National for $919 Million

Markel Corp. will acquire Texas-based State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both companies’ board of directors voted unanimously to approve the deal, …

MarketScout Sells Workers’ Compensation Business to Specialty Program Group

Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it sold the specialty unit, which it said handles $100 million in business, …

Willis Programs Taps Allianz as Carrier for Agribusiness Programs

Willis Programs has partnered with Allianz Global Corporate & Specialty (AGCS) on coverage for its DairyProtector and FeedLotGuard programs. Allianz, a property casualty insurance carrier in the agribusiness industry, will offer an A.M. Best ‘A+’ rated carrier backing to the …

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 …