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.
The biggest announcement, and the most recent came from Charlotte, N.C.-based AmWINS Group, which unveiled its acquisition of Dallas-based Colemont in April–creating a wholesale giant that will distribute over $4.8 billion in annual premiums with more than 1,800 employees in 16 countries worldwide.
Earlier in the year, two industry veterans–Glenn Hargrove and Patrick Ryan–launched brand new wholesale brokerage service operations, with each saying their startup teams planned to put a different stamp on the business of wholesale distribution.
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