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An economy showing mixed signs of recovery would hardly seem the optimum time to launch a business.

"A difficult insurance market creates opportunities."

They may not command the multibillion-dollar premium figures touted by competitors involved in the latest merger deals, but market clout is not necessarily synonymous with size.

The acquired assets include Target Insurance Services, Garden State Insurance Services and Florida Liability Assurance Group.

Roseland, N.J.-based insurance wholesaler Crump Group announced its subsidiary, Crump Property & Casualty Insurance Services, has acquired Target Underwriting Management Corporation.

Saflor is vice president and casualty broker in Worlwide Facilities' San Francisco office.

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.

W. R. Berkley Corp. has formed Verus Underwriting Managers, LLC, and named industry veteran Dale Pilkington to head up the new unit.