Topic: Industry Developments

NAPSLO Merges with AAMGA to form Wholesale and Specialty Insurance Association (WSIA)

The insurance world has its share of industry organizations, and a new one has arrived.  According to a joint announcement on July 25, 2017, the National Association of Professional Surplus Lines Officer (“NAPSLO”) merged with the American Association of Managing General Agents (“AAMGA”) to produce a new organization called the Wholesale and Specialty Insurance Association (“WSIA”). WSIA will combine the specialties of NAPSLO and AAMGA and represent the spectrum of whole, specialty and surplus lines interests and matters.  The board of WSIA will include members from both NAPSLO and AAMGA, with Corinne Jones serving as president. WSIA intends to offer the same opportunities and similar programs NAPSLO and AAMGA previously offered, along with host of additional services, educational programs and activities.  Programs such as the under-40s initiative of each legacy entity will continue as well under one, combined group. The potential for AAMGA to bring together industry participants from different sectors of the insurance arena is encouraging, and we will continue to report on any new initiatives and...

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Dodd-Frank and the Future of Federal Insurance Regulation

In the early days of President Trump presidency, it has become increasingly likely that the Dodd–Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) will be revisited by the Republican Congress and administration. President Trump was quoted on January 30th as referring to Dodd-Frank as a “disaster” and insisting that his administration would do a “big number” on the legislation.

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Please Join Us – Insurance M&A and Capital Raising Roundtable

Please join BDO USA, LLP, Locke Lord LLP, and Sandler O’Neill + Partners, L.P. for a complimentary breakfast briefing. This event will highlight key considerations in a successful M&A transaction or capital raising transaction in today’s economic climate for the insurance industry – what do we anticipate next?

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