January 22, 2018 - A South Carolina school district has sued an insurance brokerage and several insurance companies, saying the district was sold excessive policies and charged too much.
January 22, 2018 - Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings Ltd., its largest standalone acquisition in 17 years.
January 22, 2018 - Liberty Mutual realigns domestic and global P&C operations Liberty Mutual has entered into a definitive agreement to sell Liberty Life Assurance Company of Boston (the Life Company) to Lincoln Financial Group for about $3.3 billion, the company has announced.
January 18, 2018 - Innovative Coverage Concepts LLC (ICC), a national wholesale broker and managing general agency, has announced an expansion of its wholesale operations under the leadership of Steven R. Gross, who has been appointed president of the wholesale division.
January 17, 2018 - Uniondale, NY — Gramercy Risk Holdings (“Gramercy”), a New York-based insurance programs management platform has raised an undisclosed amount of equity capital. Proceeds will fund Gramercy’s acquisition and capitalization of a shell insurance company to pair with its existing management company, Gramercy Risk Management.
January 17, 2018 - Brit Global Specialty USA has appointed Rich Hartman as senior vice president, Construction Professional.
January 17, 2018 - AmWINS group has named Scott Purviance as the company’s chief executive officer, effective May 01, 2018.
January 16, 2018 - Risk Placement Services (RPS) has announced the opening of a branch office in Hopkinton, Mass. RPS is a managing general agent, underwriting manager and nationally focused wholesale insurance broker.
2018 Mid-Year Meeting
May 7-9 | Baltimore, MD
Program business professionals are converging in Baltimore, May 7-9. Position yourself to grow and improve your business by attending the 2018 Mid-Year Meeting, providing access to 60+ program carriers, elite service providers, the London Markets, reinsurance support, program development and distribution resources and a myriad of networking opportunities.
Keynote Speaker: Michael Lewis
Industry Speaker: Vincent Tizzio
Wednesday General Session: Robert P. Hartwig, PhD, CPCU
Become a TMPAA Best Practice Agency
A core element of the Association’s mission is to promote excellence in Program Administration.
Visit the Best Practice page of the TMPAA website to watch a short video and learn how you can gain recognition as a best-in-class operation at the 2018 Mid-Year Meeting.
--- COMING SOON ---
The human element accounts for the majority of all cyber breaches. A small investment in employee training can have a big impact on your company’s cyber readiness. However, studies show that less than half of all companies have a formal cyber security training program in place.
Send Your Program Info to 100,000 Agents
Start the year off with electronic ads from Target Programs. Contact us about scheduling an email distribution to our large agent database and including a Target Programs ad package in your 2018 marketing budget. Explore the options today!
Program Business Premiums Topped $36 Billion in 2016
The financial performance of commercial property casualty insurance program administrators continues to outpace the performance of the overall property casualty insurance markets. Program business premium revenue increased by 11.7 percent reaching $36.1 billion in 2016, up from $32.3 billion in 2014.
Click here to read more about the results and access the full report (available to members).
COMING SOON: AM Best Program Business Study video panel discussion.
XDimensional Technologies is a solution provider for Specialty Carriers, Program Administrators, MGAs, Insurance Wholesalers, and Retail Agencies. We deliver comprehensive solutions, designed around your needs, that connect, integrate, and empower employees, distribution partners, and insured's, making your business more productive, and successful. Choose from multi-channel automated submissions, rule's based underwriting, rating, quoting, and policy issuance, GL, accounting, billing and commissioning, reporting and analytics, CRM, Portals, Document Management, eSignatures, or custom components, for your solution.
We will spotlight your company on request. Please contact Monica at firstname.lastname@example.org.
Happy New Year!
Target Markets remains the association dedicated to program administration.
Axon Underwriting Services, LLC
Fourteen Associates Earn New Designations At Glatfelter Insurance Group
January 12, 2018 - General Star Management Co. has launched an online individual real estate appraisers program. General Star will partner with Norman-Spencer Agency, Inc., the program administrator.
January 12, 2018 - QBE, Tangram collaborate to create janitorial insurance program QBE North America and Tangram Insurance Services have formed a strategic program alliance that will provide products to commercial building service companies.
BOSTON, January 10, 2018 — Xceedance, a global provider of insurance consulting, managed services, technology and data sciences,has named Travis MacMillian as the company’s chief business officer.