Burns & Wilcox

Last updated

Burns & Wilcox is an independent insurance wholesale broker and managing underwriter founded in 1969 by Herbert W. Kaufman. [1] Its corporate headquarters is located in Farmington Hills, Michigan. Burns & Wilcox, previously a public company, [2] is family run with Kaufman's son Alan Jay Kaufman serving as chairman, president, and CEO. [3]

Contents

In February 2020, the company announced the expansion and renovation of its Houston office to support continued growth. Kaufman Real Estate Management, a subsidiary of Burns & Wilcox parent company H.W. Kaufman Group, will curate the new office. [4]

Products

Burns & Wilcox specializes in excess and surplus lines of insurance and works with admitted and non-admitted carriers. The company also offers standard lines policies such as homeowner's, automobile, and professional liability. The following are examples of excess lines products provided by Burns & Wilcox: general liability, construction, marine, cyber-security and private client.

H.W. Kaufman Financial Group

H.W. Kaufman Financial Group is the parent company of Burns & Wilcox. It employs over 2,000 employees in the finance and insurance industries. Burns & Wilcox Brokerage, a brokerage firm based in San Francisco, CA that opened in 2010, also belongs to the H.W. Kaufman Financial Group. [5]

Employees

Sponsorships

In 2017, Burns & Wilcox signed a sponsorship agreement with Olympia Entertainment and the Detroit Red Wings. [10] In 2018, the company announced its sponsorship of the Detroit Red Wings co-captain Justin Abdelkader. [11] Burns & Wilcox also sponsors 2018 Players Championship at TPC Sawgrass winner Webb Simpson, 2021 Genesis Open winner Max Homa, and 2016 PGA Champion Jimmy Walker. [12] [13]

Related Research Articles

<span class="mw-page-title-main">Financial services</span> Economic service provided by the finance industry

Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.

Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world. Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London. Clients of Chubb consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.

<span class="mw-page-title-main">Penske Truck Leasing</span>

Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. It is Penske’s flagship and best known division. The firm serves customers in North America, South America, Europe, Asia, and Australia; among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. The company currently employs more than 40,000 workers worldwide and operates and maintains a fleet of more than 450,000 vehicles. Brian Hard is the president and CEO of the company.

<span class="mw-page-title-main">The Travelers Companies</span> American insurance company

The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. It has been a component of the Dow Jones Industrial Average since June 8, 2009.

<span class="mw-page-title-main">Ilitch Holdings</span> Holding company

Ilitch Holdings, Inc. is an American holding company established in 1999 to provide all companies owned by Mike and Marian Ilitch with professional and technical services. Its privately held businesses include Little Caesars Pizza, the National Hockey League (NHL) Detroit Red Wings, the Major League Baseball (MLB) Detroit Tigers, Olympia Entertainment, Olympia Development, Olympia Parking, Blue Line Foodservice Distribution, Champion Foods, 313 Presents, the Little Caesars Pizza Kit Fundraising Program, Hockeytown Cafe, and a variety of venues within these entities. Ilitch Holdings subsidiaries manage Detroit's Fox Theatre, City Theatre, Comerica Park, Pine Knob Music Theatre, Michigan Lottery Amphitheater, Meadow Brook Amphitheater, and Little Caesars Arena, which replaced the Joe Louis Arena after closing in July 2017.

<span class="mw-page-title-main">Northern Trust</span> American financial services company

Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the largest banking institutions in the United States and one of the oldest banks in continuous operation. As of June 30, 2022, it had $1.7 trillion in assets under management and $17 trillion in assets under custody. Northern Trust Corporation is incorporated in Delaware.

<span class="mw-page-title-main">Dan Gilbert</span> American businessman (born 1962)

Daniel Gilbert is an American billionaire, businessman, and philanthropist. He is the co-founder and majority owner of Rocket Mortgage, founder of Rock Ventures, and owner of the National Basketball Association's Cleveland Cavaliers. Gilbert owns several sports franchises, including the American Hockey League's Cleveland Monsters, and the NBA G League's Cleveland Charge. He operates the Rocket Mortgage FieldHouse in Cleveland, Ohio, home to the Cavaliers and Monsters. As of January 2023, Forbes estimated his net worth at US$18.3 billion.

<span class="mw-page-title-main">Flagstar Bank</span> American bank

Flagstar Bank is an American commercial bank headquartered in Troy, Michigan. A wholly owned subsidiary of New York Community Bank, Flagstar is one of the largest residential mortgage servicers in the United States, and was among the largest banks in the United States prior to its acquisition in 2022.

<span class="mw-page-title-main">Tokio Marine HCC</span> International specialty insurance group

Tokio Marine HCC is an international specialty insurance group with offices across the United States, the United Kingdom, Spain, and Ireland. The company is based in Houston, Texas, U.S.A. but has major offices in Atlanta, Barcelona, Boston, Chicago, Dallas, Detroit, Farmington (CT), Frederick (MD), Ireland, Leicester (UK), London, Los Angeles, Madrid, Mount Kisco (NY), and New York City.

<span class="mw-page-title-main">CNA Financial</span>

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897. CNA, the current parent company, was incorporated in 1967.

Johnson Financial Group, Inc is the holding company of Johnson Bank and Johnson Insurance. Helen Johnson-Leipold, one of Samuel Curtis Johnson Jr.'s four children, serves as chairman of the company.

<span class="mw-page-title-main">Marsh McLennan</span> Global professional services firm

Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh, Guy Carpenter, Mercer, and Oliver Wyman.

Dickinson Wright PLLC is a law firm based in Detroit, Michigan. With over 475 lawyers across more than 40 practices and industries, Dickinson Wright serves clients from twenty offices, six of which are in Michigan. According to the National Law Journal's 2022 NLJ 500 ranking of firms based on size, Dickinson Wright is ranked 102 in the United States.

<span class="mw-page-title-main">Colliers (company)</span> Real estate investment firm

Colliers International Group Inc. is a Canada-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 65 countries.

Michigan Department of Insurance and Financial Services (DIFS), formerly the Office of Financial and Insurance Regulation, is a principal department in the Michigan executive branch with responsibility for insurance and financial institutions.

<span class="mw-page-title-main">Little Caesars Arena</span> Indoor arena in Detroit

Little Caesars Arena is a multi-purpose arena in Midtown Detroit. Opened on September 5, 2017, the arena, which cost $862.9 million to construct, replaced Joe Louis Arena and The Palace of Auburn Hills as the home of the Detroit Red Wings of the National Hockey League (NHL) and the Detroit Pistons of the National Basketball Association (NBA), respectively.

<span class="mw-page-title-main">Covéa</span>

Covéa is a French mutual insurance company that covers property, liability and reinsurance businesses headquartered in Paris. It was formed from the merger of three separate French mutual insurance companies Garantie Mutuelle des Fonctionnaires (GMF), Mutuelle d'assurance des artisans de France (MAAF) and Mutuelle du Mans Assurance (MMA).

<span class="mw-page-title-main">Rock Ventures</span> Holding company for businessman Dan Gilbert

Rock Ventures LLC is the holding company for businessman Dan Gilbert's portfolio of companies, investments, and real estate. It is based in Detroit, Michigan and is also engaged in community development in both Detroit and Cleveland, Ohio. Its over 110 affiliated companies include the Cleveland Cavaliers, Hollywood Casino at Greektown, and Rocket Mortgage.

<span class="mw-page-title-main">Acrisure</span> American insurance broker

Acrisure is a financial technology and insurance company headquartered in Grand Rapids, Michigan. The company was initially created to acquire insurance companies in the Midwestern United States and has since expanded nationally. In 2022, Business Insurance recognized Acrisure as the 8th largest insurance broker in the world.

<span class="mw-page-title-main">One80 Intermediaries</span>

One80 Intermediaries is a specialty insurance brokerage firm with offices in the US and Canada. The firm was founded in 2019 in Boston, Massachusetts. In 2023, it was ranked as the 5th largest MGA/underwriting manager/Lloyd's coverholder. The firm offers access to all major insurance markets in USA, United Kingdom, Asia, and Canada, as well as in-house binding authority for property & casualty, financial lines, personal lines, life insurance, benefits, medical stop loss risks, travel/accident and health, affinity, and warranty coverage.

References

  1. ↑ Thomas, Dave (9 June 2003). "Burns & Wilcox Chairman Reflects on Decades of Business". Insurance Journal.
  2. ↑ "How Alan Kaufman leads HW Kaufman Financial Group to expansion". www.sbnonline.com. July 1, 2011. Archived from the original on October 2, 2012. Retrieved July 21, 2011.
  3. ↑ "Risky Business" (PDF). www.walshcollege.edu.
  4. ↑ Smith, Ryan. "Burns & Wilcox expands Houston office". Insurance Business. Retrieved 2020-02-28.
  5. ↑ "RT Specialty's Brady Hired to Lead Burns & Wilcox Unit for Wholesale Brokerage".
  6. ↑ "Convention Information - International Association of Insurance Professionals".
  7. ↑ "Kaufman Financial Group Executive Named Regional Entrepreneur of the Year".
  8. ↑ "David Derigiotis".
  9. ↑ Sheehan, Matt (13 May 2020). "Burns & Wilcox adds Linda Koos to Michigan Leadership team". Reinsurance News. Retrieved 14 May 2020.
  10. ↑ Tyler Clifford (September 19, 2017). "Sponsorship will put Burns & Wilcox at center ice at Little Caesars Arena". Crain’s Detroit Business . Retrieved December 2, 2018.
  11. ↑ Bill Shea (October 28, 2018). "MM3rdQB: Welcome to our new, improved sports biz blog". Crain’s Detroit Business . Retrieved December 2, 2018.
  12. ↑ Bill Shea (July 19, 2017). "Burns & Wilcox extends sponsorship deal with PGA's Webb Simpson". Crain Communications. Retrieved December 2, 2018.
  13. ↑ Ryan Reiterman (October 28, 2018). "Simpson cruises to four-shot win at Players". Golf Channel. Retrieved December 2, 2018.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.