wholesale brokers News

Vantage Agora Launches Loss Analysis Tool for Brokers/Wholesalers

Insurance process provider Vantage Agora has released a new loss-analysis web application that gives insurance brokers, program managers and managing general agents the ability to view and analyze consolidated data on claims losses for clients and prospects. The application is …

Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott

Wholesale insurance broker and general agency, Donald Gaddis Co. Inc., has purchased rights to all the renewals of Kelly and Elliott Ltd. Both companies are headquartered in Chicago. Gaddis also hired all of Kelly and Elliott’s employees. The transaction was …

R-T Specialty to Buy Wholesale Broker Westrope

Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Missouri. Westrope has a national presence with concentrations in the Midwest, Southeast and Southwest. Westrope generates premiums of …

Westrope Named President of Surplus Lines Group, NAPSLO

Kevin T. Westrope, president of Westrope, an independent wholesale brokerage based in Kansas City, Mo., has been elected to serve as the new president of the National Association of Professional Surplus Lines Offices (NAPSLO) for the 2013-2014 term. Westrope has …

Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013

Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the blame for these …

AAMGA Expands Membership to Include All Wholesale Professionals

The American Association of Managing General Agents (AAMGA) has decided to expand its membership to include all wholesale insurance professionals, while keeping its original name. Membership will now be open not only to MGAs, but also to managing general underwriters, …

MSW Restructures as Specialty Insurance Intermediary

MarketScout Corp., an insurance distribution and underwriting company headquartered in Dallas, announced it has acquired 100 percent of the stock and assets of MSW. MSW will convert from a generalist brokerage to a specialty intermediary providing access to unique and …

Butler Joins All Risks’ South Central Team as Energy Broker

Independent insurance wholesaler All Risks Ltd. announced that Luke Butler has joined its newly formed South Central operation as a broker focused on energy and marine related business. He is based in Metairie, La. Butler was formerly on the retail …

Survey: Healthcare Reform Driving Demand for Provider Excess Insurance

Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, according to a ReSource Intermediaries survey. Traditional fee-for-service contracts that reward …

RenaissanceRe Forms Specialty Reinsurance Agency for U.S. Market

RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the United States specialty market. RenaissanceRe Underwriting Managers U.S., an indirect wholly-owned …