Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
‘New Normal’ in Agency M&A Landscape Experts Share 2024 Outlook for Independent Agencies
Feb 19 2024 // The number of announced insurance distribution mergers and acquisitions boomed in 2021 and 2022. Last year, the count plummeted to levels seen at the beginning of the decade. Insurance Journal recently interviewed four...
Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate
Feb 16 2024 // Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh Group Ltd., with the debt’s pricing among the lowest seen in direct lending, people with knowledge of the matter...
New Online Series Helps Agents and Brokers Master Coverage Knowledge
Feb 14 2024 // San Diego, CA, February 14, 2024 — Academy of Insurance, an educational platform for insurance professionals, announced a new series of coverage-based, live and interactive learning events called ‘How to...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023
Feb 9 2024 // Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown – reported generally strong revenues in 2023, with annual increases ranging...
Inszone Acquires J.B. Martin Insurance Agencies in New Mexico
Feb 9 2024 // Inszone Insurance Services acquired J.B. Martin Insurance Agencies in Albuquerque, New Mexico. This acquisition bolsters Inszone’s presence in the Southwest. Since its establishment in 1981, John Bradley Martin and...
Assurance IQ Chooses AgentSync to Provide Excellent Agent Experience
Feb 8 2024 // Frictionless Agent Management Poised to Streamline Assurance IQ’s Agent Onboarding DENVER, Feb. 8, 2024 –– Assurance IQ and AgentSync have announced they will collaborate to transform the onboarding and...
Founder of AgencyPoint in California Says Many Agencies Put Accounting on Backburner
Feb 8 2024 // Many small- to mid-sized agencies aren’t putting much thought into accounting, relegating the important function to the backburner by opting to use local accountants, agency management systems that may not be...
Former Agent Sentenced to 15 Years in ‘FastLife’ Scheme. Spent Funds on Insurance
Feb 5 2024 // A former Sarasota insurance agent and financial advisor has been sentenced to 15 years in prison for what prosecutors said was a scheme to defraud elderly residents out of $6 million. Phillip Roy Wasserman, 67, was...
Survey: Carrier Connectivity Top of Mind for Agents
Feb 5 2024 // Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly released survey by...
3 Areas for Agents to Focus Growth Efforts in 2024 As the Hard Market Continues
Feb 5 2024 // We are obviously in one of the most intense hard markets of the last several decades. While much has been said and written about how to navigate the challenges the market is creating for agents, I’d like to take a...
Jensten Acquires UK Community Broker Melville Burbage
Feb 2 2024 // Jensten, the London-based independent insurance broking group, announced it has acquired independent community broker Melville Burbage. The deal, which is subject to regulatory approval, brings a dedicated team of 15 to...
People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
Jan 30 2024 // This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) . A summary of these new hires follows here. Carbon Underwriting...
Latin American Agents Offer Membership to USF Insurance Students
Jan 30 2024 // The Latin American Association of Insurance Agents has teamed up with the University of South Florida to expand awareness of insurance industry trends, best practices and emerging technology, for students as well as...
Pathpoint, AgentSync Unite for Superior Client Experience
Jan 30 2024 // DENVER, Colorado – Jan. 30, 2024 — Pathpoint and AgentSync have partnered to deliver a better agent and client experience by accelerating Pathpoint’s average time-to-bind with automated policy...
People Moves: XPT Hires Binding and Brokerage Team; Integris Promotes Cronin
Jan 26 2024 // XPT Specialty Names Binding and Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired a production and underwriting team to serve Middle Atlantic and Northeast clients. The wholesale broker’s new team...
Patriot Growth, FBinsure Add 3 Rhode Island Agencies
Jan 24 2024 // Insurance broker Patriot Growth Insurance Services and its partner insurance agency FBinsure of Taunton, Massachusetts announced that they recently added Maggiacomo Insurance, Hanuschak Insurance, and Gilmartin Insurance...
Howden Acquires Scottish Broker Laurie Ross
Jan 24 2024 // Howden, the London-based global insurance group, announced the acquisition of Laurie Ross, a personal and commercial lines broker based in Scotland. The addition of Laurie Ross will take Howden’s high street branches...
AgentSync Launches API to Streamline Insurance Producer Onboarding and Compliance
Jan 23 2024 // ProducerSync API, the first in AgentSync’s commercial API suite, connects insurance carriers, MGAs, and agencies to real-time data DENVER, CO., Jan. 23, 2024 –– AgentSync today announced the launch of its first...
Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo
Jan 22 2024 // Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with...
A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
Jan 22 2024 // This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased...
