Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Burns & Wilcox Names CRC’s Fuhrman to Retail Agency National Relationship Post
Sep 22 2016 // H.W. Kaufman Financial Group and Burns & Wilcox announced that Marc Fuhrman will join the firm in a new role as national relationship manager. Fuhrman, based in Los Angeles, formerly served as senior vice president of...
New MGA Verve to Target Liability Market for Insurance Agents, Insurers in U.S.
Sep 22 2016 // Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The...
3rd Party Managing Agent Asta Invests in Specialist MGA OverArk
Sep 22 2016 // Asta, the London-based third party managing agent and specialist MGA investor, has concluded a transaction to finance the development of OverArk Ltd. Asta will take a minority equity stake in OverArk and will also support...
Appalachian Underwriters Adds Reilly as Property Broker in Florida Office
Sep 22 2016 // Appalachian Underwriters, Inc. has added a new property broker, Aaron Reilly, to the Sarasota, Fla., office. Reilly will be developing new business opportunities throughout the country in various property and casualty...
Former L.A. Broker Convicted of Stealing Insurance Premiums
Sep 21 2016 // Martin McCloskey, 69, of Piñon Hills, Calif., pleaded guilty this week to three felony counts of grand theft and theft of fiduciary funds after defrauding his customers by failing to remit to insurance companies more than...
Worldwide Facilities Taps Perry As a Broker in Arizona
Sep 21 2016 // Worldwide Facilities LLC has added Aaron Perry to its team of brokers in Phoenix, Ariz. He focuses on construction and manufacturing. Perry has six years of wholesale insurance experience. He was previously with firms...
Chubb Rolls Out New Business Owner’s Policy for Small Business
Sep 21 2016 // Chubb is rolling out a new business owner’s policy, Chubb BOP. Crafted for small businesses, Chubb BOP incorporates protection for property and liability exposures, a supporting umbrella liability product, and the...
Michigan Orders Former Agent to Stop Selling Fake Auto Insurance Certificates
Sep 21 2016 // The Michigan Department of Insurance and Financial Services (DIFS) has ordered a Farmington man to stop selling fraudulent automobile insurance certificates through his company, SBS Agency. DIFS issued cease and desist...
21 States, Business Groups, Insurance Agents Sue to Block Obama Overtime Pay Rule
Sep 21 2016 // Officials from 21 U.S. states on Tuesday filed a lawsuit claiming an Obama administration rule to extend mandatory overtime pay to more than 4 million workers will place a heavy burden on state budgets. Hours after the...
CoverHound Small Business Commercial Suite Goes Live
Sep 21 2016 // Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing...
Global Risk Partners Acquires U.K.-based SLK General Insurance Services
Sep 21 2016 // Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in...
SIAA Forms New Master Agency in California, Names Three to Staff Office
Sep 20 2016 // Strategic Insurance Agency Alliance announced the formation of a new master agency in support of planned growth in the northern California region. Strategic Independent Insurance Agency Solutions is headquartered in Santa...
Changes at the Top of Hub International: Cohen, Gulliver, Lineker
Sep 20 2016 // Insurance broker Hub International Limited (HUB) has named Marc Cohen, currently regional president of HUB East Region, as president of HUB International as part of a restructuring of top management. Cohen will replace...
Massachusetts Based XS Brokers Hires Kent to Connecticut Office
Sep 20 2016 // XS Brokers, a Quincy, Mass., headquartered independent insurance brokerage, has hired Jason Kent as a broker in the firm’s Connecticut office. His hiring comes as the firm has seen continued growth in its...
Big Box or Boutique?
Sep 19 2016 // It’s no secret that the world of insurance is consolidating. The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as the second-most-active six-month period since 2008, according...
Signs of the Agency Financial Times: 7 Key Trends Producers Should Watch
Sep 19 2016 // 7 Key Trends Producers Should Watch to Keep from Being Left Behind In “Left Behind,” the first book in an apocalyptic series by Tim LaHaye and Jerry Jenkins, the main characters find themselves scrambling to...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Gamification in Insurance: Playing to Win
Sep 19 2016 // Among the many innovations happening in the insurance industry today, gamification is surely one of the more interesting. At the nexus of trends ranging from behavioral science and social networking to the Internet of...
Ohio Insurance Industry Adding Jobs, More Expected, Trade Group Says
Sep 19 2016 // In terms of employment opportunities, the insurance industry in Ohio is growing at a robust pace, a state insurance industry trade group says. In the 2016 edition of its “Insurance in Ohio” report, the Ohio...
P/C Insurance Agency Mergers and Valuations Up Again: OPTIS
Sep 19 2016 // The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger activity by Chicago-based investment...
