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Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …
The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Established in 2015, Accelerate Underwriting is a … Financial terms of the deal, which is its fourth involving an MGA, were not disclosed.
As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …
This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here. BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C …
London-based Innovisk has become part of Ryan Specialty Underwriting Managers … Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed.
the Amsterdam-based, privately owned insurance broker, announced the sale of H.W. and HWI France to Steadfast Group, the largest general insurance broker network and underwriting agency group in Australasia and owner of one of the … International B.V.,
Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’ capacity will be distributed through …
New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage.
Enhanced Customer Experience Personalization: APIs allow for personalized agent and even client interactions by integrating data from various sources. Real-Time Communication: No need to wait for an agent to be in the office.
Why Brokers Partner with a General Agency? Lets look at how an agent/GA relationship works and how a GA can work on your behalf in dealing with carriers and plan administrators. Brokers today more than at any time previously face multiple challenges. But you are still able to remain independent and operate on your own.
This represents an opportunity for agents who can use parametric products to offer policyholders an option for faster and easier claims payouts for various types of risks. This could creatively add a layer of protection, but agents must be sure to educate consumers about parametric coverage and how it differs from a traditional policy.
No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security. AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. Become a registered ProWriters broker today.
This strategic hire completes Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector.
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P&C) MGUs owned by Ethos Specialty Insurance LLC from Ascot Group Ltd. Financial details of the transaction were not …
Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. Brokers and Agents: Employer Advocates Brokers serve as intermediaries between employers and insurance companies.
The team aims to launch operations and begin underwriting in the third quarter of this year. Supported by a skilled team of underwriters, his leadership enhances Distinguished’s ability to make a meaningful entrance into the surety market. Property and Liability products are distributed through a national network of agents and brokers.
If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Underwriters with hospitality industry knowledge and expertise. Our underwriters will look at the security the hotel has in place. A: Yes, on a base by case basis.
New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Berkley Corporation through licensed surplus lines brokers.
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If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. Brokers with similar accounts are welcome to send them in for review.
The landscape is highly fragmented, with agents spread across regions and varying in size, specialties, and market focus. This precision ensures that carriers and MGAs can concentrate their resources on agents most likely to distribute their products effectively. But connecting with these agencies can be difficult.
We work with community association brokers to get the coverages their clients need. With their combined experience and expertise, our team is well equipped to provide the highest level of support to community association brokers across the U.S. Learn more about our community associations insurance products on our website.
Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Wildfire coverage is included under our Fine Art and Collectibles program based on underwriting.
As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. This is why making sure executives are backed by comprehensive management liability insurance is so important.
As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. This is why making sure executives are backed by comprehensive management liability insurance is so important.
We are actively expanding our workforce by bringing in top talent in sales, underwriting, marketing, finance, and engineering who align with our mission of closing the insurability gap for cyber risks. **Strategic Partnerships**: Our collaboration with Zurich Insurance Group and Chaucer Group underscores our shared vision.
Youve submitted an application for City Insurance or New York Brick & Brownstone coverage through the Broker Connect portal now youre ready to bind a quote. Follow the steps below to bind your policy: Step 1: Log into the new portal Access the Broker Connect portal here. So, whats next?
If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? So specific to limits, I just mentioned security.
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Youve submitted an application for City Insurance or New York Brick & Brownstone coverage through the Broker Connect portal now youre ready to bind a quote. Follow the steps below to bind your policy: Step 1: Log into the new portal Access the Broker Connect portal here. So, whats next?
Youve submitted an application for City Insurance or New York Brick & Brownstone coverage through the Broker Connect portal now youre ready to bind a quote. Follow the steps below to bind your policy: Step 1: Log into the new portal Access the Broker Connect portal here. So, whats next?
Your success as an insurance agent – and the success of your agency – are dependent on your ability to manage your time and maximize your sales. How to Increase Health Insurance Agent Productivity 1: Streamline routine tasks: Employing new technology can give you the tools necessary to automate routine (and repetitive) tasks.
Each year, Westfield’s top independent insurance agents are invited to nominate a local nonprofit in their community to receive a donation. The Westfield Insurance Foundation, an independent private foundation endowed by Westfield, awards the donations to support their top agents’ local communities.
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A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.
Why You Should Partner With Distinguished for Builder’s Risk in Michigan For brokers looking to grow their business in Michigan’s Builder’s Risk market, partnering with Distinguished offers a number of strategic advantages. Access our online Broker Portal. However, all relevant parties should be named as insureds.
The Independent Insurance Agents of Texas (IIAT) had their annual conference last week, bringing together agents, underwriters, thought leaders, and service providers to network and learn about the most pressing trends in the industry. Many businesses remain underinsured and agents and brokers want to close that gap.
Time Management Hacks for Insurance Brokers 1: Create a daily schedule. 12: Use a General Agent. When you align yourself or your agency with a General Agent (GA), you’re able to remain independent, earn full commissions, and save time and money. Begin each day by outlining your planned tasks and appointments.
When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Expertise : Our underwriters have been insuring Builder’s Risk projects for years. In most cases, you’ll get a quote back instantly.
Health insurance agents and brokers often seek partnerships to enhance their business capabilities. The Value of a General Agency Partnership Many brokers – from newcomers to veterans – partner with a General Agent (GA) to boost their businesses. Word & Brown General Agency offers unparalleled support and resources.
In today’s competitive health insurance landscape, brokers face the challenge of not only understanding complex health plans but also marketing them effectively to the right audiences. These firms (and others) offer marketing solutions for independent insurance agencies and brokers. There’s also a one-time activation fee of $150.
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Our ultimate goal is to help insurers grow more profitably and help brokers increase premium in fast-changing coverage areas while also enabling insurance buyers to have better renewals. Registration is now open: [link]. Become a sponsor to attend the awards gala on June 12.
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