With a still-shaky economy limiting donations to social-service organizations, many of these groups are being forced to radically reduce spending or to branch out into new and untested revenue-raising watersa move which can pose unexpected and even catastrophic risks.
With a still-shaky economy limiting donations to social-service organizations, many of these groups are radically reducing spending or branching out into new and untested revenue-raising watersa move that can pose unexpected and even catastrophic risks.
If you own an underwriting agency with a very specialized, quality book of business—and have no plans to sell it—then Stephen Way, CEO of Houston International Insurance Group, may want to talk about making a deal.
In spite of carrier angst about backing start-up programs, MGAs are having success in launching new offerings for wine collectors, auto dealers and properties exposed to earthquake risk.
MGAs and MGUs are targets for M&A because of their perception as "virtual insurance companies" and their ability to generate underwriting profits.
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.