Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires 2 Michigan Insurance Agencies
Jun 8 2017 // Rolling Meadows, Illinois-based Arthur J. Gallagher & Co. has acquired Ann Arbor, Michigan-based insurance brokerages Armstrong/Robitaille/Riegle Inc. and Ann Arbor Business Advisors LLC. Terms of the transaction were...
2 Corpus Christi Insurance Agencies Merge, Join Leavitt Group
Jun 7 2017 // Two Corpus Christi, Texas-based employee benefits providers, Heavin Insurance Agency and Arvak Insurance Group, have merged and joined the insurance broker network, Leavitt Group, to become Heavin, Otto & Leavitt. Will...
Insurance Broker MD Jensvold Adds Zurich’s Rhodes in Houston
Jun 7 2017 // MD Jensvold has hired David Rhodes to manage the brokerage department for the Houston-based managing general agency and surplus lines insurance broker. Rhodes joins Jensvold from Zurich Energy & Marine where he was the...
MarketScout Sells Workers’ Compensation Business to Specialty Program Group
Jun 7 2017 // Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it...
Indy 500 Drivers Race Past Talk of Insurance, Agent Says
Jun 5 2017 // At least half of the Indianapolis 500 field share more than steely nerves and a love of speed. They have the same agent for insurance, including some policies they’d rather not contemplate. Life insurance. “To...
Cyber Liability Sales Show More Growth, Price Stability: Report
Jun 5 2017 // Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines...
4 Takeaways for Agencies to Do in 4 Months
Jun 5 2017 // Where does the time go? Four months into 2017, here are four industry observations and four action items every insurance agency principal can take before the next four months pass. The Industry 1. Merger and acquisition...
Texas ‘Industrial Insureds’ Bill Signed into Law
Jun 5 2017 // The Texas Legislature has passed a bill exempting certain commercial insureds from the requirement that agents make a “diligent effort” to find insurance in the admitted insurance market before taking the risk...
Dreaming of Selling Your Agency? Here’s How to Avoid Costly Mistakes
Jun 5 2017 // “I’m being bought out!” “We’re merging with an agency five times our size that will take our revenue to a whole new level!” While expressions of excitement like the ones above might be...
A Few E&O Tips to Watch: Certificates, Carrier Ratings and Alternative Markets
Jun 5 2017 // It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a...
AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say
Jun 5 2017 // The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and...
Stengle Named Sr. VP, Employee Benefits, at Ohio Brokerage, Hylant
Jun 2 2017 // Toledo, Ohio-based insurance brokerage, Hylant, has named Jim Stengle as senior vice president, employee benefits business development manager. It is a newly created role within the agency’s Employee Benefits...
tKg Wholesale Brokerage Taps Becotte as Senior Underwriter for Small Business in Southeast
Jun 2 2017 // Wanda Becotte will join tKg Wholesale Brokerage as senior underwriter, Small Business Division serving its Southeastern region. Becotte began her insurance career in 2002, working on the retail side for nine years. During...
Fake Arkansas Insurance Broker Sentenced to 5 Years in Prison
Jun 1 2017 // An Arkansas man who pretended to be an insurance broker and collected more than $1 million selling fake insurance policies in three states has been sentenced to more than five years in prison, the Arkansas Insurance...
For 10th Year, Ohio’s Central Insurance Receives IIABA’s Best Practices Award
May 31 2017 // The Central Insurance Companies was recently honored with the Best Practices Award of Excellence from the Independent Insurance Agents and Brokers of America (IIABA or the Big “I”). This is the tenth...
Toon Joins Combined Agents of America as Production Director
May 31 2017 // Austin, Texas-based agency partnership, Combined Agents of America (CAA), has added Nikki Toon as production director. Toon has more than a decade of experience working in the insurance industry from a carrier, agency and...
Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs
May 31 2017 // The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc. “We’re in contact...
High Agency Valuations ‘Not a Fad,’ MarshBerry Exec Tells Conference
May 31 2017 // Valuations of insurance agencies are as high as they have ever been and there does not appear to be any lessening of interest among suitors, according to an industry mergers-and-acquisitions (M&A) consultant. John...
Arthur J. Gallagher Acquires Williams-Manny Insurance in Illinois
May 30 2017 // Arthur J. Gallagher & Co. has acquired Williams-Manny Insurance Group, headquartered in Rockford, Illinois. Terms of the transaction were not disclosed. Founded in Rockford in 1896, Williams-Manny Insurance Group is a...
AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say
May 26 2017 // The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and...
