Jeremy Hitzig, CEO of Distinguished Programs and 2011 president of the Target Market Program Administrators Association, describes his firm’s strategies for achieving growth and efficiency, as well as ongoing initiatives at TMPAA.
Whether you are an insurance buyer or seller, your first response to the president’s Sunday night announcement probably had little to do with either of those two functions. Share your initial reactions and thoughts in this blog post.
Financial impairments at 11 property and casualty insurance companies were severe enough to trigger regulatory action last year, but none of the problems were the direct result of catastrophe losses, A.M. Best reports.
It may have seemed like horrible timing when Susan Rivera was starting up a program business-focused MGA in late 2009, but there were several advantages to launching in the wake of a global financial crisis and about six years into a soft property and casualty insurance market, she says.
Demand for earthquake coverage is heating up on the West Coast, according to two managing general underwriters offering coverage for commercial and residential properties.
In spite of carrier angst about backing start-up programs, MGAs are having success in launching new offerings for wine collectors, auto dealers and properties exposed to earthquake risk.
With chatter about the next market turn heating up, it’s a good time to explore the impact on program business to see if there could be a replay of the gut-wrenching turmoil that left some program administrators (PA) out in the cold during the last soft-to-hard transition.
With chatter about the next market turn heating up, experienced niche-market participants don’t anticipate a replay of the gut-wrenching turmoil that left some program administrators out in the cold during the last turn. But that doesn’t mean program books won’t need to be mended or that some carrier retrenchment from...
An insurance industry analyst using a proprietary scoring method designed to reveal early warning signs of trouble for property and casualty insurers sees a market turn on the horizon—but says it isn’t here yet.
In spite of competitive conditions in the specialty program business segment, an insurance industry analyst doesn’t see any flashing red alerts signaling major troubles ahead for program carriers so far in 2011.