Excess/Surplus, Specialty, Wholesaler Brokers News

Lack of Insurance Halts Gunfighters Show in Wyoming

The Cody Gunfighters show in Wyoming will not resume anytime soon. And that’s because the organizers can’t get insurance. The Cody Enterprise reported the performers were unable to acquire liability insurance, which keeps the show on the shelf for the …

XL Adds Excess Auto Coverage to E&S Product Line

XL Group’s insurance segment has added excess auto coverage to its excess and surplus product offerings. The company has hired Michael Gramm to manage the new product line. He will join the company as vice president – excess auto and …

XL Names Mitchell as President of Excess and Surplus Unit

XL Insurance has named Roxanne Mitchell as president of its Excess and Surplus lines unit, reporting to Seraina Maag, chief executive, North America Property & Casualty. Mitchell will be based in XL’s Chicago office. Mitchell joins XL Insurance from Lexington …

Willis Energy Facility Provides Additional Capacity for Oil/Gas Sector

Willis Group Holdings announced the creation of a new facility designed to provide additional underwriting capacity for the oil and gas industry. Willis said it had created the facility “in response to requests from the industry for access to further …

Mapfre Global Risks Is Lead Insurer for Spanish Satellite

MAPFRE GLOBAL RISKS is the leading insurer for the Spanish satellite of the communications operator HISPASAT, H1E, which was launched on the 29th of December from the Kourou base in French Guiana. MAPFRE GLOBAL RISKS said it had “insured both …

Insurance Program Managers Group Opens St. Louis Office

Insurance Program Managers Group LLC of St. Charles, Ill., has opened a St. Louis, Mo., location. The office is operating under the name IPMG St. Louis. The company said the St. Louis office will greatly expand IPMG’s St. Charles location’s …

State Inaction Risks Loss of Surplus Lines Premium Tax Revenue

The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and Reinsurance Reform Act (NRRA) becomes the law of the land on July 21, 2011. Under Subtitle …

Arthur J. Gallagher Buys Wholesale Broker Continental, Marmorstein

Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All Risk/CESI, LLC., located in New York City. Terms of …

Russell Bond Promotes Smith

New York-based wholesaler Russell Bond & Co. has promoted Richard Smith Jr. to Renewal Underwriter. He will underwrite for the firm’s Binding Authority Team, specializing in general liability, excess/umbrella, property, inland marine and workers’ compensation. Smith joined Russell Bond in …

Alexander Named Underwriting Manager at N-Surance

Georgia-based N-Surance Outlets has named Gary Alexander as underwriting manager. Alexander will oversee all underwriting activities for the managing general agent and wholesaler. Alexander, a 30-year veteran of the insurance industry, has held underwriting and management positions at various MGAs …