Broader membership base will better represent the entire wholesale insurance marketplace and lend greater credibility and strength to the entire market.
Broader membership base will better represent the entire wholesale insurance marketplace and lend greater credibility and strength to the entire market.
Burns & Wilcox CEO Alan Kaufman says the wholesale broker is writing more business, and insurance pricing is increasing, but market capacity and the economy are impeding the rate of incline.
Burns & Wilcox CEO Alan Kaufman says the wholesale broker is writing more business, and insurance pricing is increasing, but market capacity and the economy are impeding the rate of incline.
The American Association of Managing General Agents says it plans to open membership to the entire wholesale insurance community and is changing the association's name for the fourth time in its history.
External pressure from government, legislation the economy and a killer storm. Internal pressure to stay profitable, no matter whats going on outside. Independent agents and brokers are being squeezed from all sizes, and need more help than ever from the trade associations that represent them.
Risk Management Solutions Version 11 catastrophe model is shifting rates higher and causing some risks to move from the admitted market back to excess-and-surplus-lines carriers, but the leader of one managing general agent group is concerned about the models overall impact on underwriting practices.