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AmWINS Group Inc, the largest wholesale insurance broker in the United States by premiums placed, said it reached an agreement with private equity company New Mountain Capital for a $1.3 billion recapitalization.

Austin Mutual Joins Main Street America

BB&T Corp. says it has completed its acquisition of the life and property and casualty insurance-operating divisions of Roseland, N.J.-based Crump Group Inc.

National Alliance for Insurance Education & Research Elects Board Officers; The Main Street America Group Inducts 5 to 'Circle of Excellence'; Marsh & McLennan Acquires KSPH, HSB Introduces Freestyle Advantage Program

CEO states wholesaler is "recapitalizing" as part of private equity lifecycle.

Although the Nonadmitted and Reinsurance Reform Act (NRRA) went into effect in July of last year, states are continuing to debate which, if any, tax-sharing option to adopt.

The longer the debate over the tax-sharing option within the Nonadmitted and Reinsurance Reform Act rages, the better off the surplus-lines industry is, say legislative-committee leaders of the National Association of Professional Surplus Lines Offices.

The longer the debate over the tax-sharing option within the Nonadmitted and Reinsurance Reform Act rages, the better off the surplus-lines industry is, say legislative-committee leaders of the National Association of Professional Surplus Lines Offices.