Private equity has come to play a bigger role in the excess and surplus lines industry for aggregators, start-ups and other brokerages. Is this capital good for the industry? What are the challenges for wholesalers partnering with private equity firms? Will the private equity partners be happy with their investments or look for quick exits?
Three E&S executives who see the role of private equity in a positive light are Neal Abernathy, president and CEO of Swett & Crawford; Steve DeCarlo, CEO of the AmWINS Group and Chris Treanor, president and CEO of Mercator Risk Services.
Burns & Wilcox President and CEO Alan Kaufman, however, isn’t sold on private equity in the E&S business.
Insurance Journal’s Stephanie Jones asked each of these leading surplus lines executives about private equity and its role in their firms and in the E&S industry at last year’s NAPSLO annual meeting in New Orleans.
John Norwood, principal of Norwood & Associates, has a career in political work dating back to the early 1980s, and he’s one of the state’s best known lobbyists in the insurance and financial services sectors. Norwood talked about workers’ compensation, and other legislation and regulation matters that the insurance industry will face in 2012, including [...]
John, principal of Norwood & Associates, has been an lobbyist for insurance and financial services sectors across several decades. Norwood offered a focused looking at the all-important workers’ compensation issue, and he gave his thoughts on health insurance exchanges. In fact, Norwood forecast that 2012 will rank as an important one when it comes to [...]
John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood spoke to the Insurance Journal about legislation and regulation, including a proposal by a consumer advocacy group that would establish prior approval for healthcare insurance and would make major changes to auto insurance and homeowners insurance in [...]
This year the Entrepreneurial Insurance Alliance (EIA), sponsored by MarketScout, named Vertafore and Risk Metrics, as winners of it 2011 Entrepreneurial Award in technology. Vertafore’s WorkSmart and Risk Metrics’ Insurance 360 technology products received recognition from the EIA as being some of the industry’s most innovative concepts in technology. Each year, the EIA receives hundreds [...]
Retail and wholesale brokers face the challenge —and opportunity— of redefining their relationships and value proposition in today’s changing insurance distribution world, according to Glenn Hargrove, president, MarketScout Wholesale, Dallas, Tex. In this interview from the recent Western Insurance Agents Association’s Insurance Industry Roundtable in California, Hargrove outlines the value proposition of agents and brokers [...]
The medical liability market continues to perform well even as the nation struggles to implement health care reform. Robert Allen, senior vice presidents at Torus Insurance, says many health care institutions are implementing new strategies to be successful in today’s health care reform world. In this interview with Insurance Journal’s Andrea Ortega-Wells from the annual [...]
Interview with MiniCo, Inc. Chairman/CEO, Hardy Good, at the IIABA 2003 InfoXchange
Any agent, broker or program manager will say finding talented staff is a top challenge. Maybe
Lloyd’s has built a reputation over the years as being one of the most innovative insurance markets in existence today. But despite that reputation, the famous Lloyd’s underwriting room may never change, says Hank Watkins, president of Lloyd’s North America. In this interview from MarketScout’s recent Entrepreneurial Insurance Symposium in Dallas, Watkins describes the Lloyd’s [...]