Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Brokerages in Canada and Australia
Dec 3 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered insurance brokerage, risk management and consulting services firm, announced the acquisition of a Canadian and Australian insurance brokerages. In...
Miami Insurance Agent Pleads Guilty to Keeping $6M in Premium Finance Loans
Nov 21 2024 // A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known...
Musk, Ramaswamy Will Lean on Supreme Court Rulings to Cut US Agencies
Nov 21 2024 // Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from...
Arthur J. Gallagher & Co. Acquires Chilean Broker THB Chile
Nov 21 2024 // Arthur J. Gallagher & Co. announced the acquisition of Santiago, Chile-based THB Chile. Terms of the transaction were not disclosed. THB Chile is a retail insurance broker providing property/casualty, life and health...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 38% YTD
Nov 21 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the...
4 Things You Should Know about E&O Insurance for Insurance Agents
Nov 21 2024 // This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how some insurance agents seem to glide through potential pitfalls without breaking a sweat? It’s not just about luck; it’s about...
Key Benefits of Underwriter Link: Seamless Integration with Legacy Systems and Enhanced Client Satisfaction for Wholesalers, MGAs, and Brokers
Nov 21 2024 // This post is part of a series sponsored by Selectsys. In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems,...
New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme
Nov 20 2024 // Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that...
Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner
Nov 19 2024 // Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-based regional leader in the...
10 Sales & Marketing Tips to Help Agencies Grow
Nov 18 2024 // Get Out of the Office. Attend events where you can mingle and meet people. Be a Guest. Reach out to local organizations that may be looking for guest speakers for luncheons and meetings. Demonstrate your expertise in front...
NC Insurance Broker Sentenced to Five Years in Long-running Tax Scheme
Nov 14 2024 // A federal judge on Wednesday sentenced a North Carolina insurance agent to five years in prison for his role in a decade-long scheme that created fraudulent tax shelters and cheated the U.S. government of more than $22...
North Carolina Insurance Agent Charged with Embezzlement
Nov 14 2024 // A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged...
Howden Broadens Asia Footprint With Acquisition of Hong Kong Broker Storfield
Nov 12 2024 // Howden, the London-based insurance intermediary group, announced the acquisition of Storfield Insurance Consultants Ltd., a specialist in general insurance for small-to-medium sized enterprises (SMEs) and high-net-worth...
Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1
Nov 12 2024 // Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin...
Inszone Acquires Nugent Insurance Brokers in California
Nov 12 2024 // Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Valerie and Tom Nugent Jr., and Tom Jr.’s daughter, Marissa, will remain with Inszone. Nugent Insurance will also expand into...
CITA Insurance Services and Ascot Insurance Company announce nationwide real estate agents and brokers errors & omissions program
Nov 7 2024 // ORANGE, CA, November 6, 2024 – CITA Insurance Services and Ascot Insurance Company (Ascot) have partnered to deliver a new real estate agents and brokers error & omissions (E&O) program nationwide. This admitted...
Arthur J. Gallagher Acquires Statewide Commercial Insurance Brokers
Nov 6 2024 // Arthur J. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., dba Statewide Commercial Insurance Brokers. Lana Matar and her team will remain in their current location under the...
Aon to Acquire UK Insurance Broker Griffiths & Armour
Nov 5 2024 // Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed. Upon completion of the transaction, Griffiths &...
Renaissance Acquires Business of United Agents of Arizona
Nov 4 2024 // Renaissance acquired the agency network business of United Agents of Arizona. The transaction follows the network’s 2023 acquisition of Agency Partners Inc., which brought 54 new agencies in Alabama and Georgia into...
Viral Work Trends Insurance Agencies Will See More in 2025
Nov 4 2024 // Doesn’t it seem like every week there’s a new article, hashtag, or viral video about workplace trends? It can be confusing to keep them all straight. Here are the trends that seem to generate the most interest...
