Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Buys Canadian Broker GPL Assurance
Aug 4 2017 // Arthur J. Gallagher & Co. announced the acquisition of GPL Assurance Inc. (GPL), located in Montreal, Quebec. Terms of the transaction were not disclosed. Founded in 1968, GPL is a retail insurance broker offering...
Ryan Specialty Group Completes Acquisition of N-Surance Outlets of Georgia
Aug 3 2017 // Ryan Specialty Group, LLC, has completed the acquisition of the assets and operations of N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. The acquired...
Compare.com Is Proof Insurance Disruption Won’t Happen Overnight: CEO Rose
Aug 2 2017 // Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace launched in the U.S. in...
Rhode Island’s Starkweather & Shepley Promotes Two to Senior Vice President
Aug 1 2017 // Starkweather & Shepley Insurance Brokerage Inc., headquartered in East Providence, R.I., has promoted Sean Cottrell and Elizabeth Lowe to senior vice president of Starkweather & Shepley. Cottrell is the practice...
Spencer Promoted to Insurance Agent at Leavitt in South Dakota
Aug 1 2017 // Leavitt Recreation & Hospitality Insurance (LRHI) in Sturgis, S.D., has promoted Nick Spencer to insurance agent; he specializes in home and auto insurance for individuals and families. Spencer has been working for...
Broker THB Taps Botelho from Universal Seguros to Bolster Reinsurance Team
Jul 31 2017 // THB, the London-based specialist insurance and reinsurance broker, announced the appointment of Rodrigo Botelho as director, European division, from Oct. 1, 2017. Based in THB’s Amsterdam office, Botelho’s...
U.S. Risk Acquires Strategic Insurance Underwriters of Florida
Jul 28 2017 // U.S. Risk Insurance Group, LLC, a property and casualty wholesaler, has acquired Strategic Insurance Underwriters, a specialist trucking MGA and broker headquartered in Sarasota, Fla. Strategic Insurance Underwriters has a...
Independent Insurance Agents of Texas Names New Board Members, Top Young Agent
Jul 27 2017 // The Independent Insurance Agents of Texas (IIAT) elected William Page of Wortham Insurance in Austin; Brad Hempkins of Hempkins Insurance in Allen; and Nathan Sawyer of Sawyer & Associates in Monahans to its board of...
Wisconsin’s United Heartland Names 3 Top Territory Agencies
Jul 27 2017 // New Berlin, Wis.-based workers’ compensation insurance company, United Heartland, has announced its top territory insurance agencies for 2016. United Heartland’s three 2016 Agency of the Territory winners: TIS...
OPTIS Partners: Insurance Agency Mergers, Acquisitions Still Going Strong
Jul 27 2017 // Mergers and acquisitions (M&As) among North American insurance agencies continued at a strong pace during the second quarter of 2017, with 135 reported transactions in the second three months of 2017, Chicago-based...
TCOR Management’s Dudney to Chair Texas Independent Insurance Agents Group
Jul 27 2017 // The Independent Insurance Agents of Texas (IIAT) elected Rick Dudney of TCOR Management in New Braunfels to serve as chairman for 2017-2018 during IIAT’s 120th Annual Conference and Trade Show in Fort Worth. Dudney...
Private Insurers Cautiously Dip Toes Into Florida Flood Market Waters
Jul 27 2017 // Florida’s efforts in establishing a private flood insurance market have been hailed as a model by many other states looking to buff up their flood insurance offerings, as well as the National Flood Insurance Program...
Renovation at the Deli, Part 2
Jul 26 2017 // If you didn’t read last week’s post, Renovation at the Deli; A Story About Additional Insureds, go ahead and do that now. It’ll give you the background on this week’s post. When Frank (the deli...
Illinois Insurance Agent Sentenced to 5 Years for Fraud Scheme
Jul 26 2017 // A Decatur, Ill., independent insurance agent has been sentenced to 63 months in federal prison for defrauding his clients, the U.S. Attorney’s Office for the Central District of Illinois reported. Chief U.S. District...
UK Broker Beach Names RenRe’s Goldberg as Senior VP, Casualty Reinsurance
Jul 26 2017 // Beach & Associates, the London-based re/insurance broking and advisory firm, announced the appointment of Julian (Jules) Goldberg as senior vice president. He is based in the London office and reports to Adam Hedley,...
U.S. Risk Announces Acquisition of Strategic Insurance Underwriters
Jul 26 2017 // Dallas, TX, July 26, 2017—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired Strategic Insurance Underwriters, a specialist Trucking...
Ryan Specialty Group to Acquire N-Surance Outlets of Georgia
Jul 25 2017 // Ryan Specialty Group, LLC, announced it has reached a definitive agreement to acquire N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. NSO will become...
XS Brokers Expands Into Southeast; Hires Ault to Lead New Florida Office
Jul 25 2017 // XS Brokers, an independent insurance brokerage in New England, has expanded the company into the Southeast, opening a new office in Orlando and hiring Lori Ault as executive vice president and territorial manager. The firm...
Southern California Agent Charged for Targeting Injured Workers’ Benefit Funds
Jul 24 2017 // Tom Fallon, 63, of Long Beach, Calif., is being arraigned today in Superior Court in Long Beach on multiple felony charges including theft by embezzlement and money laundering. Fallon’s daughter, Christina Fallon,...
New York Launches Online Re-Licensing for Insurance Agents and Brokers
Jul 24 2017 // The New York State Department of Financial Services (DFS) has launched an online application to speed up the re-licensing process for agents and brokers whose original licenses have been expired more than two years. The...
