Filed Under:Agent Broker, Commercial Business

Around the P&C insurance industry: Dec. 6, 2017

News from H.W. Kaufman Group, Beazley, Brightway Insurance and more

News from H.W. Kaufman Group, Beazley, Brightway Insurance and more (Photo: Thinkstock)
News from H.W. Kaufman Group, Beazley, Brightway Insurance and more (Photo: Thinkstock)

H.W. Kaufman Group has announced the opening of its newest office in downtown Los Angeles, California, for Burns & Wilcox. The office, located at 515 S. Flower St, Los Angeles, CA, 90071, marks the second location in the greater Los Angeles area and seventh major locations for Burns & Wilcox in the golden state outside of San Francisco, Sacramento, Fresno and San Diego. 

Specialist insurer Beazley has established its new U.S. marine platform with an initial focus on hull, protection & indemnity and liability coverage for the marine and marine construction sectors. In the U.S., Beazley will be writing predominately brown water hull risks, with limits of up to $5 million, and marine liability risks, on both a primary and excess basis, with limits of up to $25 million. 

Brightway Insurance store owner Bob Brundle will open Brightway, The Bob Brundle Agency, in Grand Blanc, Michigan on Dec. 4. Brundle's store will be the third Brightway Insurance store to open in the Great Lakes State. 

Arthur J. Gallagher & Co. has announced the acquisition of Weiss Insurance Agencies Inc. Terms of the transaction were not disclosed. 

Accredited Surety and Casualty Company Inc. (ASC), a subsidiary of Randall & Quilter, has announced its agreement with The Hotaling Group Inc. for its Tradesman Program Managers contractor business in New York and New Jersey. ASC will not retain risk on the program, which is being 100% ceded to a collateralized reinsurer. 

Randall & Quilter Investment Holdings Ltd. has announced the sale of its Lloyd's managing agency, R&Q Managing Agency Ltd (RQMA) to Coverys, a provider of medical professional liability insurance based in Boston, Massachusetts. RQMA will subsequently be renamed as Coverys Managing Agency Limited. 

Effective January 1, 2018, MAPFRE will reorganize its regional structure to establish two primary areas of focus: (1) Massachusetts/Northeast Region and (2) States Outside of the Northeast Region, which will be managed through three Regional Centers. 

USI Insurance Services has closed on the acquisition of Wells Fargo Insurance Services USA, formerly part of Wells Fargo & Company. Terms of the transaction were not disclosed. 

Navigators International, the international underwriting segment of The Navigators Group Inc., has opened a new location in Madrid, Spain. The business will focus on serving companies domiciled in Spain, using its newly capitalized retail insurer, Navigators International Insurance Company Ltd. 

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