Monthly Archives: <span>November 2021</span>

Top 3 Recommendations Ignored by Agency Management

Prior to starting my consulting business, I read a great book that provided many clever rules for consultants to follow. It took many years for me to fully appreciate some of those rules and I am still working on some. …

The Commercial Lines Outlier–Workers’ Compensation

In addition to weighing in on opportunities in the E&S/specialty lines market segment where prices have been firming, executives speaking at the September KBW Virtual Insurance Conference offered views on the one standard commercial line that remains an outlier to …

Surplus Lines Report: Mostly Good News

A. M. Best Co. used the word stable to describe the current excess & surplus (E&S) market, which has made a turn for the better since 2020. The ratings company upgraded the market’s outlook from a negative rating, a move …

People & Places

National Rob Bauer has joined bolttech’s executive leadership team as group chief managing general agent (MGA) officer, the insurtech announced. Based in the U.S., Bauer will lead bolttech’s MGA strategy and capability globally, including its commercial structure, partnerships and distribution. …

Theft Down, Weather Losses Up in Homeowners

Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021, LexisNexis Home Trends Report, the loss cost in 2020 also …

Navigating Today’s E&S Markets

For brokers and agents to navigate the market successfully, Brent Winans, vice president of Clear Advantage Risk Management, said it takes plenty of information, and a lot more diligence. “In a soft market, everybody gets sloppy,” he said. “In the …

My New Markets

All Risk Property Program Market Detail: FTP of California offers an all risk property program, both proprietary and exclusive. Excludes flood and earthquake. Target classes: office; LRO; vacant; habitational risks; rental apartments; condominiums; restaurants, bars, taverns; hotel and motel; nursing …

Hiring in A Virtual World: How to Successfully Compete for Talent

We just attended a Bend Venture Conference event this past week (in Bend, Oregon) that included many angel investors on various panels, as well as several new ventures pitching for those angel investments. There was a good session on how …

Demand Outpacing Supply in One of Best E&S Markets in 50 Years, Industry Veteran Says

The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According to William …

Declarations

Baldwin Tweet “There are no words to convey my shock and sadness regarding the tragic accident that took the life of Halyna Hutchins, a wife, mother and deeply admired colleague of ours. I’m fully cooperating with the police investigation.” — …