The surplus lines market nearly doubled its pace of premium growth in 2018, driven by a healthy U.S. economy and new investments in operating platforms, according to a new AM Best report. The Best’s Market Segment Report, “Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability,” notes that this specialty insurance segment grew 11.2% last… Continue reading Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability
Tag: MGA
U.S. Risk Acquires Regency Insurance Brokerage Services
U.S. Risk, LLC, a top ten Property & Casualty wholesaler and MGA, announced on Tuesday its acquisition of Regency Insurance Brokerage Services, a wholesale broker and MGA headquartered in Hallandale, Florida, with additional locations in New York, New Jersey and South Carolina. The Regency team will join U.S. Risk Brokers, the wholesale brokerage division of… Continue reading U.S. Risk Acquires Regency Insurance Brokerage Services
Worldwide Facilities Acquires Benchmark Management Group
Worldwide Facilities, LLC, a national wholesale insurance brokerage, managing general agency and program manager announces the acquisition of Benchmark Management Group, Inc., a managing general agent and wholesale insurance broker serving the retail agent community with an array of specialty products. “We are extremely pleased that Tim and Shawn Makowski and their team are joining… Continue reading Worldwide Facilities Acquires Benchmark Management Group
The MGA and Program Sector Continues to Soar: Conning
The Managing General Agent and Program market is continuing its growth and is solidly entrenched as a key business model for property-casualty business, according to a new study by Conning. “The MGA market has nearly doubled since 2012 when Conning began tracking this sector,” said Jerry Theodorou, a Vice President, Insurance Research at Conning. “The… Continue reading The MGA and Program Sector Continues to Soar: Conning
USG Announces Hire of Michels in Troy, Michigan
USG Insurance Services, Inc., a national wholesaler and MGA, is pleased to announce the hire of Christopher Michels as Producer/Broker in the Troy, Michigan branch. Michels holds 15+ years of experience in the insurance industry, working as a commercial underwriter with Burns & Wilcox in Michigan. At USG, Christopher will develop his agency relationships and… Continue reading USG Announces Hire of Michels in Troy, Michigan
Aspen Parts Ways with Bermuda CEO, Group COO, Puts MGA into Run-off Amid Major Reshuffle
Bermuda-based Aspen Insurance Holdings has made a series of key changes in its executive leadership team, as well as placed its UK-based MGA Aspen Risk Management (ARML) into run-off, and closed its Dublin office, in a move it hopes will strengthen the company’s “competitive position” and enhance operational efficiency under Apollo’s ownership. As part of… Continue reading Aspen Parts Ways with Bermuda CEO, Group COO, Puts MGA into Run-off Amid Major Reshuffle
Worldwide Facilities Announces Organizational Restructure
After a period of unprecedented growth, national wholesale insurance brokerage, managing general agent and program underwriter Worldwide Facilities announces an organizational restructuring. The company will reorganize into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The driving force for this change is the significant growth that Worldwide Facilities has experienced in recent years. Having… Continue reading Worldwide Facilities Announces Organizational Restructure
Tangram Insurance Services Featured in ‘Top Insurance Workplaces’ Report
Tangram Insurance Services, Inc. (“Tangram”), a Managing General Agency, announced today that it has been named an Insurance Business America Top Insurance Workplace in 2018. Employees from organizations large and small across the industry shared what they love and dislike about their workplaces – everything from benefits and resources to management and leadership. From the… Continue reading Tangram Insurance Services Featured in ‘Top Insurance Workplaces’ Report