Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Thinking outside of the box
May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...
Thinking outside of the box
May 7 2007 // MGAs deliver more than just specialty packages as they prepare for changing market No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive...
Max Re Approved to Acquire, Operate U.S. E&S Company
Mar 27 2007 // Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process...
Ark Syndicate Is Newest Lloyd’s MGA
Mar 20 2007 // Ark Syndicate Management opened for business as Lloyd’s newest managing agency. Ark will assume the management of Syndicate 4020 with a 2007 capacity of £114 million ($222 million). The new Syndicate “will...
Arch Capital Reports $239 Million Q4 Net; $692.6 Million Full Year
Feb 14 2007 // The Bermuda-based Arch Capital Group Ltd. has reported net income available to common shareholders for the 2006 fourth quarter of $239.3 million, or $3.12 per share, compared to $100.9 million, or $1.34 per share, for the...
Insurance Journal’s MyNewMarkets Web site offers 20,000 markets
Feb 12 2007 // Property/casualty agents looking for new markets and suppliers with markets to offer have a dynamic new online meeting place. Now agents and brokers, managing general agents (MGA) and insurance companies can communicate...
Professional Program Insurance Brokerage Changing to MGA
Feb 8 2007 // Professional Program Insurance Brokerage based in Novato, Calif., announced it is changing its agency structure to a wholesaler. It will no longer accept applications client direct for its proprietary tanning and beauty,...
Max Re to Establish US E&S Unit
Dec 15 2006 // Bermuda-based Max Re Capital Ltd. announced plans to establish a U.S.-based excess and surplus lines platform. The new entity will “will complement the company’s existing insurance and reinsurance operations...
More Punch for Programs
Dec 10 2006 // Today’s managing general agencies and carrier partners in the specialty program marketplace are enjoying profitable times while looking over their shoulders at new carriers and agents eager to enter the ring,...
Stawecki and Perdomo Join TB&C Wholesale Insurance Services
Nov 10 2006 // TB&C Wholesale Insurance Services of Pasadena has added John P. Stawecki and Ed Perdomo as senior vice presidents to its team of casualty brokers. Stawecki has 33 years insurance experience and recently held a...
Ohio Quadrant Insurance Managers’ E&O Program Marks 15 Anniversary
Nov 7 2006 // ProSLIP, the insurance wholesaler errors and omissions program is marking its 15th anniversary, according to the written release by Ohio-based Quadrant Insurance Managers. ProSLIP was designed to provide a superior choice...
ProLawyer Insurance, LLC Announces MGA Appointment for an Admitted Lawyers Professional Liability Product in DE, MD & PA
Oct 16 2006 // Newtown, PA – ProLawyer Insurance, LLC is pleased to announce their Managing General Agent appointment with an A.M. Best “A” (Excellent) rated carrier for Lawyers Professional Liability in Delaware,...
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
The Future for Agents’ E&O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
Agents Name Fla.-based MacNeill Group MGA of the Year
Sep 28 2006 // The National Association of Professional Insurance Agents named MacNeill Group as the Managing General Agency of the Year at a luncheon in Savannah, Ga., earlier this month. MacNeill Group based in Sunrise, Fla., received...
Declarations
Sep 25 2006 // Gambling man “Our investigation determined that Mr. Bowen created an elaborate scheme that diverted the premiums of dozens of customers into his personal bank accounts to fund gambling and other personal activities....
Declarations
Sep 25 2006 // Gambling man “Our investigation determined that Mr. Bowen created an elaborate scheme that diverted the premiums of dozens of customers into his personal bank accounts to fund gambling and other personal activities....
Aon freed to accept contingent pay when serving as managing general agents
Sep 25 2006 // Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent...
MGAs Urge Congress to Pass Surplus Lines Reform Bill
Sep 22 2006 // The American Association of Managing General Agents is asking Congressman John A. Boehner, R-Ohio, and Congressman John Conyers, D-Mich., to place the Non-Admitted & Reinsurance Reform Act of 2006, HR 5637, on the...
NetRate Systems, Inc., QualCorp, Inc. and VRC Insurance Systems Announce Three-way Systems Integration
Sep 13 2006 // NetRate Systems, Inc. (Okemos, MI), QualCorp, Inc (Valencia, CA) and VRC Insurance Systems (Westlake Village, CA) are jointly announcing plans to provide coordinated Rating, Policy Issuance, and Policy Administration...
