Excess/Surplus News

AAMGA Expands Membership to Include All Wholesale Professionals

The American Association of Managing General Agents (AAMGA) has decided to expand its membership to include all wholesale insurance professionals, while keeping its original name. Membership will now be open not only to MGAs, but also to managing general underwriters, …

Coventry Risk Specialty Launches Pay-As-You Build Construction Program

Coventry Risk Specialty, an MGA focused on the construction industry, has launched a new Builders Reporting Policy (BRP) product for the construction industry. Coventry is the countrywide exclusive underwriter and will distribute the product through preferred surplus lines brokers. The …

Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks

Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds facing unique product liability challenges. With an ISO format that …

Survey: Healthcare Reform Driving Demand for Provider Excess Insurance

Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, according to a ReSource Intermediaries survey. Traditional fee-for-service contracts that reward …

RenaissanceRe Forms Specialty Reinsurance Agency for U.S. Market

RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the United States specialty market. RenaissanceRe Underwriting Managers U.S., an indirect wholly-owned …

Texas-Based LevelFirst Adds Harris as Senior Broker

LevelFirst, a wholesale insurance broker and managing general agency based in Dallas, Texas, announced that Lawana Harris has joined the firm as a senior broker. Harris brings 27 years of insurance experience, with 12 of those in excess and surplus …

Survey: Specialty Carriers Look to Grow Through Program Business in 2013

Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement …

Berkshire Hathaway Specialty Insurance Now Open for Business

Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S. “It’s official: We are moving into commercial insurance …

USG Insurance Services Adds Dixon in Louisiana

USG Insurance Services Inc., a national wholesaler and managing general agent (MGA) has expanded its Louisiana operations with the addition of Jessica Dixon as a producer/broker. She will focus on developing retailers in Louisiana and contiguous states for MGA and …

Hudson Insurance Group Now Writing Excess Business in New York

Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson Excess Insurance Co. Hudson …