Broker-Agent, Marine and Risk - Insurance Industry Brief

What is a Managing General Agent (MGA) in Insurance?

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

Agents

Agents Broker-Agent Broker Underwriter

Insuring Collectibles in New York

Distinguished

FEBRUARY 10, 2025

It covers fine art, sports cards, handbags, and other collections, up to $125 million on a single risk as the primary or excess layer or on a quota-share basis. Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage.

Broker-Agent

Broker-Agent Insurer Insured Insurance

Landlord Insurance: Costs and Coverages in the City

Distinguished

JULY 7, 2025

Insurance agents and brokers looking to get more business from landlord clients will need access to a program that can insure multiple units or buildings, including a mix of landlord, commercial, and tenant-occupied spaces. Landlord insurance is a policy designed to protect unit owners from the risks of renting out their properties.

Building

Building Insurer Insurance Insured

Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Insurance Journal

OCTOBER 29, 2024

Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property specialist. Financial details …

Broker

Broker Risk Insurance Broker Marine

Gallagher Bassett Buys London-Headquartered W K Webster & Co.

Insurance Journal

FEBRUARY 3, 2025

announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd. W K Webster specializes in marine and transit claims … Gallagher & Co. Terms of the transaction were not disclosed.

Claim

Claim Marine Risk Broker-Agent

Builder’s Risk Insurance in Tennessee: A Broker’s Guide

Distinguished

SEPTEMBER 25, 2024

An increase in construction also means an increase in financial risk. This is why the popularity of Builder’s Risk insurance is growing. Read on to learn more about the coverages, costs, and benefits that make Distinguished’s Builder’s Risk Program ideal for Tennessee’s booming industry. 

Risk

Risk Broker-Agent Insurer Insurance

Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

OCTOBER 30, 2024

Builder’s Risk insurance is critical for residential and commercial construction projects, as it covers the property during construction or renovation. Commercial projects also often involve higher-risk factors, particularly when renovating existing properties such as restaurants, office buildings, or retail stores.

Commercial

Commercial Risk Broker-Agent Building

Builder’s Risk Insurance in Alabama: A Broker’s Guide

Distinguished

SEPTEMBER 10, 2024

From hurricanes on the Gulf Coast to rapid urban development in cities like Birmingham and Huntsville, the need for comprehensive Builder’s Risk Insurance has never been more critical. To address these diverse risks, Distinguished’s Builder’s Risk Program offers tailored solutions for Alabama’s construction needs.

Risk

Risk General Liability Broker-Agent Insurer

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

SEPTEMBER 17, 2024

We sat down with Distinguished’s Builder’s Risk insurance expert, Susan DeCarlo, to discuss common factors that can lead to declinations in our program, how to avoid them, and key risk considerations. So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk.

Risk

Risk Broker-Agent Deductible Insurer

Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

OCTOBER 15, 2024

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. Our Builder’s Risk program can also be designed to cover soft costs in the event of a loss.

Policy

Policy Risk Broker-Agent Liability

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

Distinguished

AUGUST 26, 2024

However, alongside all of this construction comes large financial risks. For this reason, the need for comprehensive Builder’s Risk Insurance solutions is growing. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.

Risk

Risk Broker-Agent Insurer Insurance

Builder’s Risk Insurance in Georgia: Coverages, Costs, and More

Distinguished

AUGUST 12, 2024

However, with growth comes risk, and that’s where Builder’s Risk insurance plays a critical role. In this article, we’ll take a deep dive into Distinguished’s Builder’s Risk insurance offerings in Georgia. How Much Does Builder’s Risk Cost in Georgia?

Risk

Risk Broker-Agent Insurer Insurance

Distinguished Programs Expands Fine Art and Collectibles Program Capacity to $125 Million Limit

Distinguished

DECEMBER 4, 2024

NEW YORK – Distinguished Programs, a leading insurance program manager, has announced an increase in its Fine Art & Collectibles program capacity to $125 million for single risks in the United States, effective now. Brokers are welcome to submit business on the Distinguished website.

Broker-Agent

Broker-Agent Inland Marine Broker Agents

Distinguished Launches Fine Art & Collectibles Insurance for Personal Collections in California with $125M Capacity and Earthquake Coverage

Distinguished

DECEMBER 19, 2024

The program offers full limits, including earthquake coverage with capacity up to $125 million for single risks. “Our earthquake coverage and high-capacity limits are critical to making us a trusted partner for brokers and clients alike.” Brokers are encouraged to learn more on the Distinguished website.

Broker-Agent

Broker-Agent Inland Marine Broker Insurer

Revision of dedicated tanker form

Insurance Marine News

MAY 1, 2025

BIMCO and the Association of Ship Brokers & Agents(ASBA) have revised ASBATANKVOY, the only dedicated tanker form not associated with an oil major. The post Revision of dedicated tanker form appeared first on Insurance Marine News. BIMCO noted that the original edition of ASBATANKVOY, published by.

Broker-Agent

Broker-Agent Commercial Broker Agents

Meet Distinguished’s Community Associations Insurance Experts

Distinguished

AUGUST 19, 2024

We work with community association brokers to get the coverages their clients need. With their combined experience and expertise, our team is well equipped to provide the highest level of support to community association brokers across the U.S. View a full list of our programs and submit business with Distinguished.

Broker-Agent

Broker-Agent Inland Marine Broker Insurer

Happy Holidays From Distinguished’s Environmental & Construction Professional Team

Distinguished

DECEMBER 17, 2024

Property and Liability products are distributed through a national network of agents and brokers. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. View a full list of our programs and submit business with Distinguished.

Broker-Agent

Broker-Agent Inland Marine Broker Agents

Distinguished Programs Welcomes Darryl Proniuk as VP, National Agency Sales for Fine Art and Collectibles Program

Distinguished

NOVEMBER 4, 2024

A dynamic sales and risk management executive, Proniuk brings more than a decade of experience, with expertise in relationship building, pipeline development, and strategic growth. Property and Liability products are distributed through a national network of agents and brokers.

Broker-Agent

Broker-Agent Inland Marine Broker Agents

Distinguished Programs Announces New Sustainability Initiatives in Fine Art & Collectibles Program

Distinguished

AUGUST 7, 2024

” Distinguished’s broad appetite for Fine Art & Collectibles risk encompasses sectors such as museums , corporate collections , dealers, private collectors , and artist foundations. Brokers are welcome to submit business and view state availability on the Distinguished website.

Broker-Agent

Broker-Agent Inland Marine Broker Agents

Distinguished Programs Announces Contract Surety Program Led by Trevor Hash

Distinguished

SEPTEMBER 17, 2024

We are dedicated to using these assets to offer innovative and reliable bonding services that exceed our agents’ expectations.” Property and Liability products are distributed through a national network of agents and brokers. Distinguished enlisted the assistance of U.S.

Inland Marine

Inland Marine Broker-Agent Underwriter Underwriting

Distinguished Programs Appoints Ashley Mehyo as VP of Claims for Fine Art and Collectibles Program

Distinguished

AUGUST 27, 2024

Property and Liability products are distributed through a national network of agents and brokers. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. View a full list of our programs and submit business with Distinguished.

Claim

Claim Broker-Agent Inland Marine Commercial Property

Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage

Distinguished

OCTOBER 9, 2024

Distinguished has been an outstanding partner, and this expanded collaboration enables us to better serve brokers in the community association sector,” said Greg Douglas, President of Berkley Program Specialists. Together, our combined expertise ensures brokers can offer tailored, top-tier solutions backed by two industry leaders.”

Crime

Crime Broker-Agent Inland Marine Broker

Key Strategies for Protecting Your Collection

Distinguished

OCTOBER 31, 2024

How to Mitigate Risks Proactively Protect people first, property second. Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Consult your insurance broker for clarity on the specifics and potential additional coverage options.

Protection

Protection Broker-Agent Inland Marine Broker

Fine Art & Collectibles Insurance: Q&A For Brokers

Distinguished

OCTOBER 1, 2024

If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Brokers with similar accounts are welcome to send them in for review. Prior to her years as an underwriter, Alison spent seven years as an insurance broker specializing in the Fine Arts.

Broker

Broker Broker-Agent Inland Marine Insurer

Protecting Fine Art, Collectibles in California

Distinguished

DECEMBER 16, 2024

Protecting these assets in the state requires specialized insurance solutions considering earthquake and wildfire risks. Our program provides all-risk worldwide coverage for direct physical damage like fire and theft of personal collections of any size. View a full list of our programs and submit business with Distinguished.

Protection

Protection Broker-Agent Inland Marine Underwriting

Hotel Primary Insurance: A Check-In to Success for Insurance Brokers

Distinguished

JULY 8, 2024

If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Hear from industry experts as they discuss critical differences in Hotel Primary policies and key risks to consider. Access the full recording now!

Insurance Broker

Insurance Broker Broker Broker-Agent Insurer

Zywave Adds Benchmarking & Loss Data to Cyber Quoting

Zywave

NOVEMBER 6, 2024

Brokers can now leverage industry data and loss profiles from similar organizations to provide their clients with more sophisticated insight into coverage limit adequacy and potential loss gaps. . “Now, it’s not only faster, but it’s also smarter. Comprised of over 400,000 insurance programs incepted by U.S.

Cyber

Cyber Broker-Agent Broker Commercial

High-Capacity Limits Address Collections of Museums, Corporate Clients, and High-Net-Worth Individuals

Distinguished

JANUARY 7, 2025

Distinguisheds national Fine Art & Collectibles insurance programs recent expansion to $125 million in capacity per risk establishes it as a leader in this specialized market. Property and Liability products are distributed through a national network of agents and brokers.

Broker-Agent

Broker-Agent Inland Marine Damage Broker

Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles

Distinguished

DECEMBER 2, 2024

However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. One of the key reasons is lower deductibles, expert knowledge, and tailored coverage options specifically designed for the unique risks faced by public art installations. 

Deductible

Deductible Broker-Agent Insurer Insurance

Rare Toy Insurance: A Guide for Collectors and Brokers

Distinguished

AUGUST 5, 2024

What Specific Risks Do Toys Face? The top risks to toys, much like other collectibles, are theft, disappearance in transit, and accidental damage. However, beyond these primary risks, certain toys can have other risks as well. The nature of these risks will depend greatly on the kind of toy being insured.

Broker

Broker Insurer Insurance Insured

The Need for Speed: Prompt, Accurate Rating Information is Vital to Compete

Majesco

FEBRUARY 15, 2024

The concept of speed is increasingly becoming an important competitive factor when presenting rating information for specialty insurance risk coverage. Insurance risks are diverse and ever-evolving, especially specialty insurance, which plays a crucial role in providing coverage for unique and high-risk situations.

Policyholder

Policyholder Broker-Agent Risk Broker

The Smart Collector’s Guide to Specialty Storage for Collectibles

Distinguished

OCTOBER 1, 2024

Property and Liability products are distributed through a national network of agents and brokers. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. View a full list of our programs and submit business with Distinguished.

Broker-Agent

Broker-Agent Inland Marine Broker Damage

A Comprehensive Overview of Surety Bonds

Distinguished

NOVEMBER 7, 2024

Surety’s Defenses : The surety may invoke certain defenses against the obligee’s claim, such as contract modifications that increase the surety’s risk without consent or the obligee’s failure to comply with contractual conditions that mitigate the surety’s obligations.

Claim

Claim Compensation Risk Broker-Agent

Does Homeowners Insurance Cover Collectibles?

Distinguished

JULY 22, 2024

However, the very qualities that make collectibles so precious also expose them to unique risks. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. We understand the unique risks and how to best insure these special items. For most, this will mean a collectibles policy.

Insurer

Insurer Insured Insurance Policy

The Role of Appraisals in Fine Art Insurance

Distinguished

JULY 29, 2024

Property and Liability products are distributed through a national network of agents and brokers. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. View a full list of our programs and submit business with Distinguished.

Broker-Agent

Broker-Agent Insurer Insurance Insured

The Beat Doesn’t Go On as Lawsuits Hit Hospitality Industry for Copyright Infringement

Distinguished

OCTOBER 24, 2024

Yet without proper licensing, establishments are taking a big risk of being hit with a copyright infringement lawsuit. Property and Liability products are distributed through a national network of agents and brokers. View a full list of our programs and submit business with Distinguished.

License

License Broker-Agent General Liability Commercial General Liability

Distinguished Executive Lines Launches New Primary Forms

Distinguished

JANUARY 28, 2025

This development underscores Distinguisheds ongoing commitment to provide innovative and comprehensive management liability solutions exclusively to wholesale brokers. These underwriters leverage an E&S mindset to craft customizedsolutions for complex risks, ensuringeach submission is treated with precision and care.

Broker-Agent

Broker-Agent Inland Marine Liability Broker

Management Liability Insurance: A Broker’s Guide

Distinguished

JANUARY 28, 2025

As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. This is why making sure executives are backed by comprehensive management liability insurance is so important.

Liability Insurance

Liability Insurance Liability Broker-Agent Insurer

What is a Managing General Agent (MGA) in Insurance?

Insuring Collectibles in New York

Trending Sources

Landlord Insurance: Costs and Coverages in the City

Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Gallagher Bassett Buys London-Headquartered W K Webster & Co.

Builder’s Risk Insurance in Tennessee: A Broker’s Guide

Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Builder’s Risk Insurance in Alabama: A Broker’s Guide

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

Builder’s Risk Insurance in Georgia: Coverages, Costs, and More

Distinguished Programs Expands Fine Art and Collectibles Program Capacity to $125 Million Limit

Distinguished Launches Fine Art & Collectibles Insurance for Personal Collections in California with $125M Capacity and Earthquake Coverage

Revision of dedicated tanker form

Meet Distinguished’s Community Associations Insurance Experts

Happy Holidays From Distinguished’s Environmental & Construction Professional Team

Distinguished Programs Welcomes Darryl Proniuk as VP, National Agency Sales for Fine Art and Collectibles Program

Distinguished Programs Announces New Sustainability Initiatives in Fine Art & Collectibles Program

Distinguished Programs Announces Contract Surety Program Led by Trevor Hash

Distinguished Programs Appoints Ashley Mehyo as VP of Claims for Fine Art and Collectibles Program

Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage

Key Strategies for Protecting Your Collection

Fine Art & Collectibles Insurance: Q&A For Brokers

Protecting Fine Art, Collectibles in California

Hotel Primary Insurance: A Check-In to Success for Insurance Brokers

Zywave Adds Benchmarking & Loss Data to Cyber Quoting

High-Capacity Limits Address Collections of Museums, Corporate Clients, and High-Net-Worth Individuals

Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles

Rare Toy Insurance: A Guide for Collectors and Brokers

The Need for Speed: Prompt, Accurate Rating Information is Vital to Compete

The Smart Collector’s Guide to Specialty Storage for Collectibles

A Comprehensive Overview of Surety Bonds

Does Homeowners Insurance Cover Collectibles?

The Role of Appraisals in Fine Art Insurance

The Beat Doesn’t Go On as Lawsuits Hit Hospitality Industry for Copyright Infringement

Distinguished Executive Lines Launches New Primary Forms

Management Liability Insurance: A Broker’s Guide

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