wholesale broker News

Brown & Brown Brings Its Wholesale Units Under Bridge Specialty Brand

Global insurance broker Brown & Brown has consolidated its broad wholesale operations under one brand name, Bridge Specialty Group. As a group, the more than 25 wholesale units place more than $3 billion in premium. Wholesale brokerage total revenues for …

Kaufman, Burns & Wilcox Promote 16 Including Heckman to New Positions

H.W. Kaufman Group and its wholesale insurance broker subsidiary Burns & Wilcox announced promotions of 16 associates across nine locations in the United States and Canada during a virtual company event in November. One of the most prominent promotions was …

London’s EC3 Brokers Starts U.S. Property Wholesale Unit; 3 Jeffery Brothers to Head

London-based EC3 Brokers has launched a U.S. property wholesale division based in London, with the appointments of Matthew Jeffery as managing director and David and Daniel Jeffery as divisional directors. The brothers, who joined EC3 Brokers at the end of …

How Brokers Influence Specialty Insurance Product Innovation

In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects of specialty insurance. Whether it’s reputational, cyber, gig economy …

Genstar Capital to Succeed Lovell Minnick as Investor in Worldwide Facilities

Los Angeles, Calif.-based national wholesale insurance broker Worldwide Facilities has signed an agreement with Genstar Capital, a San Francisco-based private equity firm, for an investment in Worldwide Facilities. The financial terms of the transaction were not disclosed. Private equity firm …

Arthur J. Gallagher Acquires Michigan’s Regency Group

Arthur J. Gallagher & Co. has acquired the Regency Group (Regency), a wholesale insurance broker and program administrator located in East Lansing, Michigan. Terms of the transaction were not disclosed. Established in 1981, Regency provides group and large firm self-insured, …

Burns & Wilcox Names CRC’s Fuhrman to Retail Agency National Relationship Post

H.W. Kaufman Financial Group and Burns & Wilcox announced that Marc Fuhrman will join the firm in a new role as national relationship manager. Fuhrman, based in Los Angeles, formerly served as senior vice president of National Agency Relations at …

XS Brokers Adds Jimcor’s Dudkiewicz as It Expands to Mid-Atlantic States

XS Brokers, one of the largest independent insurance wholesale brokerages in New England, is opening a new office in the greater Philadelphia area and has hired Alan Dudkiewicz to lead the firm’s efforts in the Pennsylvania-New Jersey-Delaware-New York region. Dudkiewicz …

BB&T Completes Acquisition of Swett & Crawford

BB&T Corp. said it has completed its acquisition of wholesale insurance and reinsurance broker CGSC North America (Swett & Crawford) from Cooper Gay Swett & Crawford. North Carolina-based BB&T said it acquired the U.K.-based Swett & Crawford for $500 million …

McCasland Joins Texas-Based LevelFirst as Vice President

LevelFirst, the service-based wholesale broker and MGA binding facility owned by IIAT Services Co., has appointed Heath McCasland as vice president. McCasland will assume the responsibility of brokering new business opportunities within the wholesale brokerage and MGA business units. McCasland …