Joseph Peloso, a veteran of the program business segment, remembers a time when unsolicited program proposals flooded the desks of property and casualty underwriters, offering more business than they could possibly handle.
While program carriers have found property and casualty business opportunities in everything from auto repossessors to fine arts in recent months and years, some are eyeing new business potential in the accident and health space.
Not every new insurance idea is a roaring success out of the gate, but a change in delivery model helped jumpstart the success of one of NAS Insurance Services many specialty programs, the firm's leader reports.
Conventional wisdom would say that the time to start a wholesale business is not in the middle of a soft market, when the demand for that business suffers.
Patrick Ryan, the former CEO of Aon Corp., said he has turned his attention to developing a platform of wholesale broker, MGA and other broker services businesses, with the creation of Ryan Specialty Group and the launch of Ryan Specialty (Europe) Ltd.
The economic downturn is a time of opportunity for insurance-related enterprises with the right strategy, according to Pat Ryan, the former chief executive of Aon Corp.
Medicare Set-Aside Arrangements (MSA) and the new reporting requirements of Section 111 of the Medicare, Medicaid, & SCHIP Extension Act of 2007 (MMSEA) are important elements of the Medicare Secondary Payer Statue.
A reputation in the umbrella liability business distinguishes W.H. Greene & Associates, and according to President Bill Greene, that's a foot in the door of retail agency customers for the East Aurora, N.Y.-based wholesaler and MGU.
The Centers for Medicare and Medicaid Services published an Alert, inviting public comment on draft language that defines, with specificity, the conditions that lead to designation of an applicable plan as a Responsible Reporting Entity.