Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Texas All Risk General Agency, Inc.’s Technology Brings Growth in Houston
May 28 2015 // Dallas, TX, May 28, 2015 – Following 3 years of exceptional results in personal lines, Texas All Risk General Agency, Inc. is again expanding it’s homeowners/dwelling fire aggregate in the Greater Houston...
Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs
May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the...
Outlook for Dallas-Based MGA Insurance Revised to Positive
May 15 2015 // A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of MGA Insurance Co. Inc. (MGA) in Dallas and affirmed its ICR of “bbb.” Concurrently, A.M. Best has affirmed the...
Texas All Risk General Agency, Inc. Awarded Exemplary Agent by Nautilus Insurance Group
Apr 29 2015 // Dallas, TX, April 29, 2015 – Texas All Risk General Agency, Inc. has been awarded the rare distinction “Exemplary Agent” by Nautilus Insurance Group (a W. R. Berkley Company). Nautilus gives this...
Michigan Insurance Wholesaler J.M. Wilson Promotes Van Niman
Apr 22 2015 // Portage, Mich.-based managing general agency and surplus lines broker, J.M. Wilson, has promoted Dawn Van Niman who will be serving multiple roles as accounting and finance associate, agency coordinator assistant, and...
Paragon Insurance Hires Roppelt to Lead Construction Division in Connecticut
Apr 21 2015 // Paragon Insurance Holdings LLC., a managing general agency based in Avon, Connecticut, hired Randy Roppelt as president of the Construction Division. Prior to joining Paragon Insurance, Roppelt was president and chief...
Merger & Acquisition Activity Continues to Climb
Apr 20 2015 // Acquisition activity for the first quarter of 2015 reached 90 deals, a record for the first three months of the year. We saw the same number of transactions announced during the fourth quarter of 2014, typically the most...
Nonstandard Auto Insurance Market Is Not For Everybody
Apr 13 2015 // The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many have struggled to maintain market share. But...
Texas-Based Energy MGAs Partner with Wild Well Control for Pollution Control
Apr 8 2015 // Houston-based upstream oil and gas energy managing general agent (MGA), J.H. Blades & Co. Inc., Swett & Crawford’s Dallas energy team and the recently-acquired Burke Daniels Inc., have joined forces with Wild...
Ryan Specialty Group Launches New MGU Windward Specialty
Apr 7 2015 // RSG Underwriting Managers (RSGUM) has launched Windward Specialty, a new managing general underwriter. Windward Specialty will underwrite a range of property risks exclusively through wholesale insurance brokers. The new...
New MGA Backed by CGSC Offers Miscellaneous E&O
Apr 1 2015 // CGSC North America has launched STATPro Underwriters, a managing general agency serving the Miscellaneous Professional Liability insurance market STATPro provides underwriting exclusively via Swett & Crawford wholesale...
Hamilton Completes Sportscover Acquisition; O’Donohoe is MGA CEO
Apr 1 2015 // The Bermuda-based Hamilton Insurance Group has completed the acquisition of Sportscover Underwriting Limited, the Lloyd’s managing agent for Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s...
J.M. Wilson Announces Staff Changes in Illinois
Mar 26 2015 // Jenna Caschetta Insurance wholesaler J.M. Wilson has promoted Jenna Caschetta to property/casualty underwriter in its Arlington Heights, Ill., office and added Gerry McCabe as P/C underwriter. Caschetta is responsible for...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
UK’s MGAA Launches Initiative to Support MGA Talent Development
Mar 20 2015 // The UK’s Managing General Agents’ Association (MGAA), has announced a much needed initiative to find and promote “young talent” in the insurance industry. It’s specifically aimed at...
What’s Driving Nonstandard Auto – Technology, Consolidation, Population Changes, Fuel Specialty, Opportunity
Mar 9 2015 // The nonstandard auto market is characterized by substandard operating performance. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many are struggling to...
Sullivan Brokers Wholesale Insurance Solutions Announces Bridget Livingston Joins Firm as Broker in Healthcare Practice Group
Mar 2 2015 // Los Angeles, CA, March 2, 2015- Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that effective February 17, 2015, Bridget Livingston has joined the firm as a Broker in the Healthcare Practice Group....
MacNeill Group Selected to Grow Commercial Property and Casualty Business
Feb 27 2015 // Sunrise, FL, February 27, 2015 – MacNeill Group, a wholly-owned subsidiary of Team Focus Insurance Group (Team Focus), and a licensed managing general agent (MGA) specializing in commercial, personal, transportation and...
MGAA Unveils Plans for First UK MGA Conference
Feb 23 2015 // The UK’s Managing General Agents’ Association (MGAA) announced plans at its 3rd Annual General Meeting to hold its first UK MGA conference at the One America Square in London on 1 July 2015. The organization...
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 23 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
