Recent Member News

July 13, 2020 - NFP Corp. named Tom Gillingham to lead specialty managing general agent and managing general underwriter programs, the broker said in a statement Tuesday.

July 13, 2020 - nsurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA.

IJ - July 10, 2020 - Lloyd’s announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader.

ATLANTA, Ga., July 8, 2020 — Breckenridge Insurance Services is pleased to welcome Kristopher Parsons to the wholesale brokerage and binding firm. Parsons joins the organization as a senior vice president, senior broker with nearly 20 years of insurance experience.

IJ - July 9, 2020 - Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis.

BI - July 9, 2020 - (Reuters) — Chubb Ltd. said on Wednesday it is lobbying the U.S. government to insure businesses for losses in future pandemics, while giving the insurance industry a small portion of the business, jumping into a debate over how to insure such disasters.

BI - July 9, 2020 - CBIZ Inc. has acquired Woodbridge, Virginia-based Prince-Wood Insurance LLC, the financial services firm said Wednesday.

CHARLOTTE, N.C. – AmWINS Program Underwriters (“APU”) today announced a new carrier partnership to provide insurance solutions for APU’s Metal & Plastics, Natural Gas Distributors, Trailer & Work Truck Manufacturers and Water Well Contractors programs, effective May 1st.

IBA - July 8, 2020 - Risk Placement Services (RPS) has announced that Mark Gallagher has been appointed to lead its national transportation practice. He succeeds Jimmy Proffitt, who is retiring.

IJ - July 8, 2020 - Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired Avant, LLC. (Avant), a transportation program administrator and wholesale brokerage firm, with specialty cannabis and supermarket program divisions. Terms of the acquisition were not disclosed.

IJ - July 8, 2020 - Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Beacon Hill Associates Inc. (BHA), an environmental wholesale brokerage firm, including BHA’s PartnerOne (P1) environmental underwriting division. Terms of the acquisition were not disclosed.

IBA - July 8, 2020 - Specialist insurer Beazley has announced the launch of an online booking system that will allow brokers to arrange virtual appointments and secure relevant documentation from underwriters.

BI - July 6, 2020 - Mike Rice Sr., chairman and CEO of RSG Underwriting Managers LLC, a Ryan Specialty Group LLC division, plans to retire at the end of the year, the company said Monday.

IJ - July 2, 2020 - Propel Insurance, a retail insurance agency and a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a risk management and insurance consulting firm based in Knoxville, Tenn., that specializes in serving senior care organizations.

IJ - July 1, 2020 - Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty insurance segment.”