Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall compared to results reported through the …
Beal Named Leader of Nationwide National Partners team Nationwide has named Tony Beal as the new leader of the Nationwide National Partners team, responsible for managing key P&C distribution partner relationships. Beal’s background is in national distribution management and underwriting. …
In an effort to continue its commitment to promoting diversity, equity and inclusion in the insurance industry, the Wholesale and Specialty Insurance Association (WSIA) recently hired Vanessa Sims as its first director of DE&I. According to the association, Sims will …
According to wholesale insurance executives, their segment of the property/casualty insurance industry is more exciting and fulfilling than other sectors of the industry. It’s also full of potential for young insurance professionals starting out in the current hard market and …
The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance Association (WSIA). But the segment must face the challenge …
Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer face-to-face meetings, which they believe are important to …
The number of industry-related conferences being cancelled, postponed or moved to virtual platforms in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the ranks of those canceling events. Travel restrictions and corporate …
A Florida bill that the insurance industry says will help modernize the state’s surplus lines system, as well as impact property insurer contracts under the Florida Hurricane Catastrophe Fund and reduce “bad faith” lawsuits, is now awaiting the governor’s signature …
