Ryan Specialty announced the acquisition of certain assets of Griffin Underwriting Services, a binding authority specialist and wholesale insurance broker.
Tag: wholesale broker
Russell Duffey Named President of RPS Signature Programs
Risk Placement Services Inc. announced on Tuesday that Russell Duffey has been named president of RPS Signature Programs, its program administration division. According to RPS, Mr. Duffey is in charge of leading the division in marketing admitted and nonadmitted proprietary programs to niche markets that require specific underwriting and distribution. He will be based in… Continue reading Russell Duffey Named President of RPS Signature Programs
Rate Increases Moderate While Capacity Changes Continue in the Management and Professional Liability Markets: RPS
After two years of turmoil, the Management and Professional Liability insurance markets are cautiously optimistic in 2022, according to a new report by Risk Placement Services (RPS), the Excess & Surplus (E&S) wholesale broker and managing general agency. RPS’s 2022 Management & Professional Liability Market Outlook notes that these specialized market segments have moved beyond… Continue reading Rate Increases Moderate While Capacity Changes Continue in the Management and Professional Liability Markets: RPS
Jimcor Announces New Underwriter: Commercial Lines in Georgia
Jimcor Agency, Inc. a national wholesale broker & MGA announced a new Underwriter: Commercial Lines in Georgia with the hire of Michael Becotte. Mike Becotte will be working out of their Cumming, GA office focused on Commercial Lines in the Southeast. He was most recently with Southern Insurance Underwriters prior to joining Jimcor. His career… Continue reading Jimcor Announces New Underwriter: Commercial Lines in Georgia
Brown & Brown to Acquire Wholesale Broker BdB’s General Insurance Operations
Brown & Brown, a global insurance brokerage, has agreed to acquire the general insurance operating entities of BdB Limited companies, a specialist wholesale broker. The transaction, announced today by J. Scott Penny, chief acquisitions officer of Brown & Brown and the BdB management ownership team, is expected to close in the second quarter of this… Continue reading Brown & Brown to Acquire Wholesale Broker BdB’s General Insurance Operations
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
Specialty Broker Ed Appoints New London CEO as Hearn Named Head of BGC’s Insurance Division
Global reinsurance, wholesale and specialty broker, Ed, has appointed Andrew Draycott Chief Executive Officer (CEO) designate of Ed Broking in London, with current Group CEO of Ed Broking, Steve Hearn, set to become the new head of BGC Partners’ insurance division. Draycott’s appointment remains subject to regulatory approvals and he is set to take on… Continue reading Specialty Broker Ed Appoints New London CEO as Hearn Named Head of BGC’s Insurance Division