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.
AmWINS Group Inc. said it has acquired Colemont Insurance Brokers in Dallas, in a move which may make it the nation's largest wholesale brokerage, a consultant suggested.
There is probably little debate that 2009 was one of the toughest years in a long time for insurance agents and brokers, who confronted the dual challenges of a continued soft commercial lines market and the lingering effect of the recession
Roseland, N.J.-based wholesale broker Crump Group Inc. said Dave Obenauer, chief financial officer of its property and casualty insurance division, has been named president and vice chairman for the unit.
Excess and surplus lines insurance executives at a meeting here expressed worries that pending federal legislation for their sector could be a precursor to U.S. regulation for all insurance activity.