Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler
Jan 23 2013 // New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New York. Founded in 1973, Buckingham Badler Associates is based in Staten Island, N.Y.,...
Managing Underwriter Bill Creates Unwelcome Surprise for Some Texas Agents
Jan 14 2013 // A bill passed during the 2011 session of the Texas Legislature is creating havoc for some independent insurance agents in the state. House Bill 3410 creates a definition of a managing underwriter, and addresses the filing...
California Wholesalers Fret Over Upcoming Legal Decision
Jan 11 2013 // A pending legal battle that could expose wholesalers in California to more lawsuits was the centerpiece of talk at the California Insurance Wholesalers Association conference in San Diego on Friday. The three-day...
PartnerRe to Acquire Calif.-based Presidio Re Group
Dec 19 2012 // Bermuda-based PartnerRe Ltd. announced a definitive agreement to acquire California-based Presidio Reinsurance Group, a U.S. specialty accident and health reinsurance and insurance writer. PartnerRe said it would...
Spotlight: CIWA Looking for Resurgence in Changing Market, Lawsuit
Dec 4 2012 // The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook...
ProWriters Acquired; Opens as Independent Managing General Underwriter
Nov 28 2012 // West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU). Brian Thornton, the new...
ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
Oct 25 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Business Moves – South Central
Oct 22 2012 // Mission Select Insurance Services A new managing general agency — Mission Select Insurance Services LLC — has been formed in Texas with a focus on residential property. Mission Select, based in Argyle, was formed with...
New Texas MGA to Focus on Residential Properties
Oct 9 2012 // A new managing general agency — Mission Select Insurance Services, LLC — has been formed in Texas with a focus on residential property. Mission Select, based in Argyle, was formed with the backing of San Diego,...
Business Moves – East
Oct 8 2012 // USI, TD Insurance USI Insurance Services, a brokerage and financial services firm in Briarcliff Manor, N.Y., said on Sept. 24 that it has completed the acquisition of TD Insurance Inc., a U.S. subsidiary of TD Bank, N.A....
ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
Oct 8 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Business Moves – Midwest
Oct 8 2012 // AmWINS North Carolina-based insurance wholesaler AmWINS Group Inc. has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...
Business Moves – South Central
Oct 8 2012 // Texas Wholesale Insurance Coalition A group of Texas-based managing general agents/brokers has formed the Texas Wholesale Insurance Coalition (TWIC) with the goal of enhancing their markets, attracting Texas retail agency...
Business Moves – Southeast
Oct 8 2012 // Digital, Strategic Benefit Solutions Employee benefits agency Digital Insurance in Atlanta has acquired Strategic Benefit Solutions of Raleigh, N.C., and merged it with its local office of Digital Benefit Advisors (DBA)....
New Empire Group Names Jim O’Neill to Head Newly Formed Wholesale Division
Sep 27 2012 // Island Park, NY, 09/27/12 – New Empire Group, Ltd announced the formation the “New Empire Group Wholesale Division” to be headed by James F. O’Neill, the current Executive VP. New Empire Group, Ltd....
Service to Retail Agencies Is Aim of Texas Wholesale Insurance Group
Sep 26 2012 // A group of Texas-based managing general agents/brokers has formed the Texas Wholesale Insurance Coalition (TWIC) with the goal of enhancing their markets, attracting Texas retail agency partners, and gaining economic...
M&A Inks Partnership Deal With Maestro Specialty in N.Y.
Sep 25 2012 // Merger & Acquisition Services Inc. (M&A), an investment, advisory and financial services firm to the re/insurance industry, announced a marketing partnership agreement with Maestro Specialty Corporation in New...
AmWINS Forms Managing General Underwriter with Former Rockhill Execs
Sep 19 2012 // North Carolina-based insurance wholesaler AmWINS Group Inc. said it has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...
First Capacity Exchange Hailed as Success by MGA’s, Insurers
Sep 14 2012 // The inaugural Managing General Agents’ Association (MGAA) capacity exchange has been hailed as a success by insurers and MGA’s alike as an effective route to identifying and developing new products and scheme...
Aces Names Meeker Product Development Director
Jul 23 2012 // Managing general agent Aces Commercial Insurance Services Inc. named Ken Meeker as director of product development. His goals are on market development and expansion into the Southern California and Arizona markets. At...
