Insurance Journal » Agents & Brokers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 21 Apr 2015 03:40:10 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.1 CGSC in Partnership with GC do Brasil for Wholesale and New Products http://www.insurancejournal.com/news/international/2015/04/20/365060.htm Mon, 20 Apr 2015 14:47:51 +0000 http://www.insurancejournal.com/?p=365060 Cooper Gay Swett & Crawford (CGSC), the independent global wholesale, underwriting management and reinsurance broker, announced that it has concluded a partnership deal with Brazilian broker network GC do Brasil “to provide its retail broking members with access to wider …

The article CGSC in Partnership with GC do Brasil for Wholesale and New Products appeared first on Insurance Journal.

]]>
U.K.’s EC3\Legal Appoints Schrauwers as Chairman http://www.insurancejournal.com/news/international/2015/04/16/364652.htm Thu, 16 Apr 2015 10:41:45 +0000 http://www.insurancejournal.com/?p=364652 London-based EC3\Legal* has announced that highly respected insurance industry figure, Cees Schrauwers, has joined the company as chairman. Schrauwers, who has more than 35 years’ financial services experience, is a former managing director of Aviva International and managing director of …

The article U.K.’s EC3\Legal Appoints Schrauwers as Chairman appeared first on Insurance Journal.

]]>
Reid to Become CEO of U.K. Retail at Arthur J. Gallagher http://www.insurancejournal.com/news/international/2015/04/16/364637.htm Thu, 16 Apr 2015 09:55:56 +0000 http://www.insurancejournal.com/?p=364637 Arthur J. Gallagher announced that Stuart Reid will join Arthur J. Gallagher’s international brokerage operation as CEO for U.K. Retail. Reid will take up the position at Arthur J. Gallagher later this year, subject to regulatory approval, and will use …

The article Reid to Become CEO of U.K. Retail at Arthur J. Gallagher appeared first on Insurance Journal.

]]>
How Analytics Technology Can Help Speed Integration Post-Merger Deal http://www.insurancejournal.com/news/national/2015/04/07/363528.htm Tue, 07 Apr 2015 16:57:26 +0000 http://www.insurancejournal.com/?p=363528 The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and compete more effectively. But for brokers and agencies …

The article How Analytics Technology Can Help Speed Integration Post-Merger Deal appeared first on Insurance Journal.

]]>
Towergate Gets U.K. Court Nod for Plan to Restructure $1.49 Billion Debt http://www.insurancejournal.com/news/international/2015/03/30/362497.htm Mon, 30 Mar 2015 07:43:06 +0000 http://www.insurancejournal.com/?p=362497 Towergate Finance plc said it won court approval for its plan to restructure 1 billion pounds ($1.49 billion) of debt. The restructuring will be completed by early April, the U.K. insurance broker said in a statement Friday. The company previously reached an …

The article Towergate Gets U.K. Court Nod for Plan to Restructure $1.49 Billion Debt appeared first on Insurance Journal.

]]>
Miller Appoints Milner to Help Build Cyber & Technology Book http://www.insurancejournal.com/news/international/2015/03/26/362162.htm Thu, 26 Mar 2015 13:42:14 +0000 http://www.insurancejournal.com/?p=362162 Miller, the London-based specialist insurance and reinsurance broker, has hired Simon Milner, in a production and broking role in the cyber and technology area. In a press release, Miller said the appointment underlines its plans to build on the growth …

The article Miller Appoints Milner to Help Build Cyber & Technology Book appeared first on Insurance Journal.

]]>
My Favorite Underwriters http://www.insurancejournal.com/blogs/2015/03/22/361573.htm Mon, 23 Mar 2015 00:31:37 +0000 http://www.insurancejournal.com/?p=361573 Your Sales iQ  By David Connolly       The role of today’s Underwriter is complex.                                                                                                                                                                                                                                                                                                                                                                                                                            They must be gatekeepers, relationship managers, marketers and sales managers. As Agents, we must understand, and respect these differing and often conflicting …

The article My Favorite Underwriters appeared first on Insurance Journal.

]]>
Brokerslink Chairman Says Brokers and Broker Networks Must Adapt or Decline http://www.insurancejournal.com/news/international/2015/03/05/359489.htm Thu, 05 Mar 2015 10:41:59 +0000 http://www.insurancejournal.com/?p=359489 Speaking at the 3rd Asia Insurance Brokers’ Summit in Kuala Lumpur, Jose Manuel Fonseca, chairman of Brokerslink, told delegates that, in order to address global challenges, brokers and broker networks must adapt or decline. Highlighting consolidation as a major challenge, Fonseca said …

The article Brokerslink Chairman Says Brokers and Broker Networks Must Adapt or Decline appeared first on Insurance Journal.

]]>
Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships http://www.insurancejournal.com/news/national/2015/03/03/359101.htm Tue, 03 Mar 2015 13:37:45 +0000 http://www.insurancejournal.com/?p=359101 Channel Harvest Research, in partnership with Insurance Journal, is conducting its 2015 national survey of agents’ attitudes about their carrier partners. This is the seventh annual study on key aspects of the property/casualty independent agent-carrier relationship. Agents and brokers have …

The article Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships appeared first on Insurance Journal.

]]>
Merger of Hyperion & RK Harrison Approved by Boards, Shareholders http://www.insurancejournal.com/news/international/2015/03/03/359083.htm Tue, 03 Mar 2015 09:12:48 +0000 http://www.insurancejournal.com/?p=359083 Hyperion Insurance Group Limited and RK Harrison Holdings Limited announced the signing of the terms of agreement for the merger of the two London-based businesses, following approval by the two companies’ respective boards and shareholders. The transaction remains subject to …

The article Merger of Hyperion & RK Harrison Approved by Boards, Shareholders appeared first on Insurance Journal.

]]>
SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014 http://www.insurancejournal.com/news/national/2015/02/24/358508.htm Tue, 24 Feb 2015 20:50:19 +0000 http://www.insurancejournal.com/?p=358508 SIAA (Strategic Insurance Agency Alliance) said it grew premium by $901 million in 2014 to $5.7 billion, with 80 percent of its growth coming from existing member agencies. Premium growth with SIAA’s strategic partner companies was up more than $576 …

The article SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014 appeared first on Insurance Journal.

]]>
Towergate Wins Creditor Support for $1.5 Billion Restructuring http://www.insurancejournal.com/news/international/2015/02/17/357561.htm Tue, 17 Feb 2015 09:34:05 +0000 http://www.insurancejournal.com/?p=357561 Towergate Finance plc said it has enough creditor support to restructure 1 billion pounds ($1.5 billion) of debt in U.K. courts. The plan was agreed by more than 75 percent of the insurance broker’s secured and unsecured debt holders, the threshold required …

The article Towergate Wins Creditor Support for $1.5 Billion Restructuring appeared first on Insurance Journal.

]]>
Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré http://www.insurancejournal.com/news/international/2015/02/13/357390.htm Fri, 13 Feb 2015 12:42:06 +0000 http://www.insurancejournal.com/?p=357390 Jardine Lloyd Thompson Group plc announced that Ardian has agreed to buy JLT’s 26.2 percent stake in Milestone, the holding company of Siaci St Honoré, JLT’s French associate. This offer extends to all shareholders, JLT said. The transaction will be …

The article Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré appeared first on Insurance Journal.

]]>
Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting http://www.insurancejournal.com/news/national/2015/02/10/357093.htm Tue, 10 Feb 2015 18:09:39 +0000 http://www.insurancejournal.com/?p=357093 Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …

The article Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting appeared first on Insurance Journal.

]]>
Aon Reports $3.3 Billion Q4 Total Revenue; $12 Billion FY http://www.insurancejournal.com/news/international/2015/02/09/356859.htm Mon, 09 Feb 2015 10:08:59 +0000 http://www.insurancejournal.com/?p=356859 Aon has reported fourth quarter total revenue of $3.3 billion, and $12 billion for the full year. Other highlights for the fourth quarter include the following: – Organic revenue growth of 6 percent – Operating margin increased 320 basis points …

The article Aon Reports $3.3 Billion Q4 Total Revenue; $12 Billion FY appeared first on Insurance Journal.

]]>
U.K.’s Towergate Creditors to Take Over Company in Debt Restructuring http://www.insurancejournal.com/news/international/2015/02/02/356043.htm Mon, 02 Feb 2015 10:38:28 +0000 http://www.insurancejournal.com/?p=356043 Towergate Finance plc said it reached an agreement with creditors to restructure more than 1 billion pounds ($1.5 billion) of debt in exchange for control of the company. The deal will cut the insurance broker’s net obligations by more than …

The article U.K.’s Towergate Creditors to Take Over Company in Debt Restructuring appeared first on Insurance Journal.

]]>
Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments http://www.insurancejournal.com/news/international/2015/01/30/355965.htm Fri, 30 Jan 2015 14:47:02 +0000 http://www.insurancejournal.com/?p=355965 London-based Jardine Lloyd Thompson Group plc announced several senior management appointments within its UK Employee Benefits business and JLT Asia. These appointments are subject to obtaining the appropriate regulatory approvals, where required. Mark Wood is retiring from his role as the CEO …

The article Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments appeared first on Insurance Journal.

]]>
Towergate Creditors Seeking Takeover With $1 Billion Debt Swap http://www.insurancejournal.com/news/international/2015/01/16/354265.htm Fri, 16 Jan 2015 12:01:57 +0000 http://www.insurancejournal.com/?p=354265 Towergate Finance Plc’s creditors are offering to cancel 715 million pounds ($1 billion) of debt in exchange for control of Europe’s largest insurance broker. The company’s senior secured creditors also propose writing off the accrued interest, according to a statement from Moelis …

The article Towergate Creditors Seeking Takeover With $1 Billion Debt Swap appeared first on Insurance Journal.

]]>
ACE Launches Middle Market Insurance Solution for Continental Europe http://www.insurancejournal.com/news/international/2015/01/15/354127.htm Thu, 15 Jan 2015 12:11:58 +0000 http://www.insurancejournal.com/?p=354127 ACE Group has launched ACE Middle Market Solutions, an enhanced proposition for brokers and clients, designed to help continue building its position in the middle market segment in key Continental Europe insurance markets. The launch follows ACE’s research during 2014, …

The article ACE Launches Middle Market Insurance Solution for Continental Europe appeared first on Insurance Journal.

]]>
A.M. Best: Reinsurers Need Underwriting Discipline in Competitive Market http://www.insurancejournal.com/news/international/2015/01/14/354005.htm Wed, 14 Jan 2015 14:50:12 +0000 http://www.insurancejournal.com/?p=354005 Increasing competition and lower underwriting margins in the reinsurance market highlights the importance of disciplined underwriting, according to an A.M. Best briefing entitled “Global Reinsurers: Who Will Gain Despite All the Pain?” “The market is expected to remain challenging in …

The article A.M. Best: Reinsurers Need Underwriting Discipline in Competitive Market appeared first on Insurance Journal.

]]>
Paris Terror Attacks Not Unexpected; Demand for Political Risk Cover Is Up http://www.insurancejournal.com/news/international/2015/01/14/353997.htm Wed, 14 Jan 2015 08:42:07 +0000 http://www.insurancejournal.com/?p=353997 Terrorism, security and political risk experts from Willis provided some broad observations about last week’s terror attacks in Paris and how insurance buyers are responding. “The tragic events in Paris are a continuation of a pattern that has been proliferating …

The article Paris Terror Attacks Not Unexpected; Demand for Political Risk Cover Is Up appeared first on Insurance Journal.

]]>
Canada’s Cowan Insurance Group Acquires The Williamson Group http://www.insurancejournal.com/news/international/2015/01/06/351830.htm Tue, 06 Jan 2015 18:10:53 +0000 http://www.insurancejournal.com/?p=351830 Cowan Insurance Group, a Canadian insurance brokerage and consulting operation, has acquired The Williamson Group, a financial services company focused on providing employer sponsored benefits, pensions and disability management programs, as well as individual financial services. Terms of the acquisition …

The article Canada’s Cowan Insurance Group Acquires The Williamson Group appeared first on Insurance Journal.

]]>
Most Popular Insurance Journal South Central Stories of 2014 http://www.insurancejournal.com/news/southcentral/2014/12/31/351456.htm Wed, 31 Dec 2014 16:04:31 +0000 http://www.insurancejournal.com/?p=351456 Fraud, higher homeowners rates, fracking, and electronic traffic tickets are topics that drove readers to the following stories on InsuranceJournal.com in 2014. The following 10 stories led as the most popular picks by readers in the South Central region. Workers’ …

The article Most Popular Insurance Journal South Central Stories of 2014 appeared first on Insurance Journal.

]]>
Arocha to Lead Cooper Gay’s Business Production in Venezuela http://www.insurancejournal.com/news/international/2014/12/24/351095.htm Wed, 24 Dec 2014 09:55:22 +0000 http://www.insurancejournal.com/?p=351095 Cooper Gay Swett & Crawford (CGSC), the global reinsurance, wholesale and specialty broker, has appointed Rafael Arocha as head of Cooper Gay’s business production in Venezuela with immediate effect. He is based at Cooper Gay’s regional headquarters in Miami and report …

The article Arocha to Lead Cooper Gay’s Business Production in Venezuela appeared first on Insurance Journal.

]]>
V3 Partners Adds Berkshire’s National Liability to Online Workers’ Comp Program http://www.insurancejournal.com/news/national/2014/12/22/350194.htm Tue, 23 Dec 2014 03:20:16 +0000 http://www.insurancejournal.com/?p=350194 V3 Insurance Partners LLC  has enhanced its workers’ compensation program, adding National Liability & Fire Insurance Co., a Berkshire Hathaway Group company, as a new market. Now available in additional states with more class codes, V3iConnect Comp – a web-based …

The article V3 Partners Adds Berkshire’s National Liability to Online Workers’ Comp Program appeared first on Insurance Journal.

]]>
OneBeacon Launches Environmental Website for Producers, Clients http://www.insurancejournal.com/news/national/2014/12/18/349380.htm Thu, 18 Dec 2014 11:00:48 +0000 http://www.insurancejournal.com/?p=349380 OneBeacon Environmental, a member of Hamilton, Bermuda-based OneBeacon Insurance Group Ltd., has launched a new website, www.onebeaconenvironmental.com, featuring overviews of product lines, classes of business, and industry products for specific types of businesses with environmental risks. Through the site, customers and …

The article OneBeacon Launches Environmental Website for Producers, Clients appeared first on Insurance Journal.

]]>
Online Dovetail Offers MetLife Business Owners Policy in 5 States http://www.insurancejournal.com/news/national/2014/12/17/349373.htm Wed, 17 Dec 2014 11:00:58 +0000 http://www.insurancejournal.com/?p=349373 Columbia, S.C.-based Dovetail Insurance, a supplier of cloud-based insurance products for agents and brokers, is offering a MetLife Business Owners Policy (BOP) through its NetBOP Insurance Portal in five states: California, Illinois, Indiana, North Carolina and Ohio. The company said …

The article Online Dovetail Offers MetLife Business Owners Policy in 5 States appeared first on Insurance Journal.

]]>
Hiscox PRO Adds Admitted Policies, New Coverages http://www.insurancejournal.com/news/national/2014/12/10/348708.htm Wed, 10 Dec 2014 11:00:44 +0000 http://www.insurancejournal.com/?p=348708 Hiscox has launched enhancements to its Hiscox PRO suite of insurance coverages for professional liability, encompassing a wider variety of professions with new admitted policies for technology, miscellaneous professional, privacy/data breach, home healthcare and standalone general liability products. The additions …

The article Hiscox PRO Adds Admitted Policies, New Coverages appeared first on Insurance Journal.

]]>
Allianz Business Services Limited Joins Willis Commercial Network http://www.insurancejournal.com/news/international/2014/12/10/349470.htm Wed, 10 Dec 2014 10:35:33 +0000 http://www.insurancejournal.com/?p=349470 Willis Group Holdings announced that the Allianz-owned company, Allianz Business Services Limited (ABSL), trading as Premierline, has joined the Willis Commercial Network (WCN). Lancaster-based ABSL joins WCN as part of a deal that includes the sale of Willis’s Businesscare business …

The article Allianz Business Services Limited Joins Willis Commercial Network appeared first on Insurance Journal.

]]>
Brokerslink Appoints Gooch to Drive Business Development http://www.insurancejournal.com/news/international/2014/12/10/349468.htm Wed, 10 Dec 2014 10:20:33 +0000 http://www.insurancejournal.com/?p=349468 Independent insurance broker network Brokerslink has appointed Corey Gooch as its first director of business development. As part of the executive team, he will help drive Brokerslink’s growth by working with its broker members to introduce new clients and identify …

The article Brokerslink Appoints Gooch to Drive Business Development appeared first on Insurance Journal.

]]>