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In a market where growth seems elusive, the leader of Connecticut's newest managing general agency believes his startup could bind $10 million of new business by year's end.

IBANY membership currently includes more than 30 broker and associate member companies throughout the greater New York Metropolitan area, and represents thousands of insurance professionals.

A soft market hasn't stopped excess and surplus lines industry veterans from building and launching businesses--and wholesale brokerages have been as active as carriers in the early part of 2010.

With an eye toward servicing $1,500 surplus lines accounts rather than $200,000 accounts, the newest managing general agency in Connecticut aims to grow by capturing the small, hard-to-place business of each retail agent customer.

Belgarde brings more than 20 years experience to Worldwide Facilities Inc., as its new vice president and broker for the company's Los Angeles-based headquarters.

AmWINS Group Inc. has acquired Colemont Insurance Brokers in Dallas, in a move that might make it the nation's largest wholesale brokerage, one consultant suggested. Financial terms of the transaction were not released.

AmWINS and Colemont will operate under the AmWINS Group name and will be composed of four major divisions.

AmWINS Group Inc. said it has acquired Colemont Insurance Brokers in Dallas, in a move which may make it the nation's largest wholesale brokerage, a consultant suggested.