In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay, CEO and executive director of the Surplus Line …
National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The move is in response to the Los Angeles-based firm’s fast growth …
Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group. Worldwide Facilities plans to acquire all of the outstanding capital stock of Sullivan. No other financial details were …
The members of the Surplus Line Association of California have elected Robert Gilbert of Markel West Insurance Services as the new chair of the SLA Board of Directors. Gilbert’s election was finalized after the SLA tallied the final ballots from …
Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that premium. That’s according to Ben McKay, executive director of …
How legalized marijuana and President-elect Donald Trump will affect the insurance industry, a possible merger of the nation’s two major excess and surplus lines organizations, renewing the National Flood Insurance Protection Program, California laws expected for 2017, incremental insurance. There …
Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list. People in the insurance industry during the …
The changing excess and surplus insurance landscape was an oft discussed topic on Monday, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be changing. No question.” …
“There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.” Hank Haldeman, president of the board of directors for the National Association of Professional Surplus Lines Offices, sounded …
Visiting his father in jail was a “blessing” of sorts for Hank Haldeman, son of H.R. Haldeman, President Nixon’s chief of staff who was convicted in the Watergate scandal and spent 18 months in jail. He would bring lunch for …
