Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure
Mar 10 2025 // Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of...
How Much Do Independent Insurance Agents Make?
Mar 10 2025 // This post is part of a series sponsored by Darkhorse Insurance. Before venturing into independent insurance sales, it’s crucial to consider the variable earnings potential, which is influenced by a range of...
I Don’t Need No Stinkin’ Insurance Agent
Mar 10 2025 // This is obviously a warped paraphrase of the famous line from “The Treasure of the Sierra Madre,” “Badges! I don’t need no stinkin’ badges!” Warped is the insurance world we live in, and...
People Moves: Courtney to Lead Nationwide’s Newest E&S Brokerage Property Unit
Mar 7 2025 // Tonya Courtney Nationwide, headquartered in Columbus, Ohio, appointed Tonya Courtney to lead its new excess and surplus (E&S) brokerage property unit with the goal of opening for business in the second half of the...
Marsh Acquires Milan-Based Brokerage Fontana Rava-Toscano & Partners
Mar 5 2025 // Marsh, the insurance brokerage business of Marsh McLennan, announced that it has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage. Terms of the acquisition were not disclosed. Founded...
UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance
Mar 4 2025 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Brentacre Insurance, a specialist broker with deep expertise in providing insurance for modified and performance vehicles,...
Path to Profitability: Market Risks Facing Agencies and Carriers for Medicare Open Enrollment 2025
Mar 4 2025 // This post is part of a series sponsored by AgentSync. At first glance, having the most profitable Medicare season comes down to matching your distribution channels to the anticipated size of the market opportunity in a...
Price Forbes Re Taps Aon’s Power for Alternative Risk and Capital Solutions; AXA XL Promotes Kilshaw as Head of Broker Mgmt., Alternative Distribution, UK & Lloyd’s
Mar 3 2025 // This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re (PF Re) announced the appointment of Sherman Power to the newly...
Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies
Feb 28 2025 // Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them...
Connecticut Lawmakers Ban Use of Foreign-Made Drones by State, Local Agencies
Feb 28 2025 // HARTFORD, Conn. (AP) — Connecticut lawmakers passed emergency legislation this week prohibiting state agencies and municipalities from purchasing or using Chinese and Russian drones while also imposing restrictions on...
Claims Service, Tech, Communication Top Independent Agent Concerns
Feb 26 2025 // Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300...
Big Threat? Payroll Companies Taking Insurance Biz Away From Agencies, Agents Warn
Feb 26 2025 // Insurance agents in Florida and beyond are finding that some of their toughest competition now seems to be coming from firms that aren’t really insurance agencies at all – at least not in the historical sense of...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024
Feb 24 2025 // The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter of 2024. This was 11% less than a year...
Viewpoint: How Will the California FAIR Plan Fare? What’s Next for Independent Agents?
Feb 24 2025 // If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its...
Developing Leaders in Insurance Agencies
Feb 24 2025 // Understanding the strengths and weaknesses of your team is crucial–especially for insurance agency owners. Recognizing personal limitations allows leaders to strategically delegate tasks and fill talent gaps with the...
World Insurance Acquired Grandview Brokerage of Brooklyn
Feb 20 2025 // National insurance broker World Insurance Associates LLC announced that it acquired the business of Grandview Brokerage LLC of Brooklyn, New York last November. Grandview provides commercial and personal insurance with...
Former Florida Broker, Others Charged in Insurance Fraud Schemes
Feb 20 2025 // One person in Texas and four people in Florida, including a previously licensed insurance broker, face insurance fraud charges in separate schemes, local and federal authorities said Wednesday. In Hialeah, Florida, three...
Insurance and Technology: A Dynamic Duo for Modern Agencies
Feb 20 2025 // This post is part of a series sponsored by Darkhorse Insurance. In the ever-evolving landscape of the insurance industry, a powerful alliance has emerged – the dynamic duo of insurance and technology. This partnership...
Former Ohio Insurance Agent Sentenced to Probation for $1.4M Theft
Feb 19 2025 // A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 million. Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need...
Markets/Coverages: Cyber Portfolio Quoting for US Brokers From CFC; New DUAL Fine Art Coverage Capacity; Falcon Risk’s Pro Liability for Agents, Brokers
Feb 19 2025 // CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now...
