wholesale brokers News

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 …

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 …

Wells Fargo Insurance Launches U.S.-Based International Specialty Group

Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of U.S. multinational companies. Based in Atlanta, New York City, …

LevelFirst Announces New Staff, Houston Operation

LevelFirst, a diversified wholesale broker and managing general agency headquartered in Dallas, announced that Wade Wrobel, Jason Victor, Joanne Dodd and Lori Conway have joined the company in senior production roles. Each will be involved with both MGA and brokered …

California Wholesalers Fret Over Upcoming Legal Decision

A pending legal battle that could expose wholesalers in California to more lawsuits was the centerpiece of talk at the California Insurance Wholesalers Association conference in San Diego on Friday. The three-day conference, “2013 California Wholesaler Industry Days,” ran from …

Surplus Lines Regulatory Picture for 2013

State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition to home state taxation and regulation of surplus lines …

Howey Named President of Southwest Risk LP

Robert S. Howey has joined Southwest Risk LP to serve as the Dallas-based wholesale broker’s president, the company announced. Howey’s underwriting experience and expertise encompass 27 years of underwriting and managing property, inland marine and specialty lines primarily with Chubb …

Argo Group Establishes New Sidecar, Harambee Re

Argo Group International Holdings, Ltd. has established Harambee Re 2013-1 Ltd for the 2013 accident year. This is the first sidecar established by Argo Group. Unlike other sidecars, which typically write either reinsurance or retrocession business, Harambee Re will support …

Spotlight: CIWA Looking for Resurgence in Changing Market, Lawsuit

The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook and a lawsuit that …

Insurance Private Equity Pioneer Sargent Passes Away

Joseph Denny Sargent, chairman of Bradley, Foster & Sargent (BFS), an investment advisory firm, and former managing partner and chairman of Conning & Co., an investment firm specializing in the insurance business, passed away on Nov. 7. At the time …