Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
With 2016 Hurricane Season Underway, Florida AOB Storm Mounting
Jul 11 2016 // As hurricane season rolls on in Florida, one of the best protections against storms is a strong homeowner/insurance agent relationship. Having the right policy is just the start. Agents can help homeowners protect...
Unlicensed Agent Nabbed for Stealing More Than $140K in Premiums
Jul 11 2016 // Robert Meseer, 63, of Westminster, was arrested last month by California Department of Insurance investigators on 32 felony counts of grand theft, insurance fraud, and forgery after acting as an insurance agent to...
How Agencies Can Prepare Before the Storm
Jul 11 2016 // Whether it’s an earthquake on the West Coast, a hurricane on the East Coast, tornadoes and floods in the Midwest, or an act of terrorism, all businesses have the potential of being faced with a disaster that can...
Tech Talk: Digital Dinosaurs and Insurance Competency
Jul 11 2016 // I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors...
Confie Acquires 2 New York Agencies: Sprague in Corning; Mason in Hancock
Jul 7 2016 // National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc. Confie, a portfolio company of ABRY Partner, has completed...
Gen Re Seeks to Add Brokerage Business Through Hookup with TransRe
Jul 6 2016 // General Re, the unit of Warren Buffett’s Berkshire Hathaway Inc. that appointed a new chief executive officer in May, struck a deal with a rival reinsurer to help revive sales. Alleghany Corp.’s TransRe will...
Arthur J. Gallagher Buys Brim, Expanding Scandinavia Specialty Footprint
Jul 6 2016 // Arthur J. Gallagher has extended its investment in Scandinavia by acquiring an 85 percent stake in Swedish specialist insurance and reinsurance broker Brim AB. With revenues of US$11.4 million and employing 29 people, Brim...
Commercial Insurance Rate Cuts Slowed in June: MarketScout
Jul 5 2016 // The composite rate for commercial insurance placed in the United States moderated in June to minus 1 percent from minus 2 percent in May 2016. “Insurers are getting tired of cutting rates,” said Richard Kerr,...
UK Broker Network Compass Completes Management Buyout from Gallagher
Jul 5 2016 // UK broker network Compass has completed a management buyout from Arthur J. Gallagher, for an undisclosed sum. The deal sees the Compass business transfer into wholly independent ownership for the first time since its...
Worldwide Facilities Hires Begnaud as Sr. VP, Broker in Houston
Jun 30 2016 // National wholesale insurance broker and managing general agent, Worldwide Facilities LLC, has added Matthew Begnaud in Houston office as senior vice president and broker. Begnaud has more than 10 years of industry...
NFP Acquires Utah’s First West Brokerage Services
Jun 30 2016 // National insurance broker and consultant, NFP Corp., has acquired First West Brokerage Services Inc. (First West), based in Orem, Utah. Founded in 1987, First West is a full service benefits insurance broker and consultant...
Marine Specialist Latitude Brokers Launches Singapore Office
Jun 29 2016 // Latitude Brokers, the Hong Kong-based marine insurance specialist, has opened an office in Singapore, their second in Asia. With the continued growth of the marine markets in Singapore as well as the Lloyd’s...
TWFG Honors Top Agents with Awards
Jun 24 2016 // The Woodlands, Texas-based The Woodlands Financial Group announced its annual agent awards at the group’s recent national convention. President and CEO Gordy Bunch inducted 20 new members into the Million Dollar Club...
Unlicensed Agent Nabbed for Stealing More Than $140K in Premiums
Jun 24 2016 // Robert Meseer, 63, of Westminster, was arrested by California Department of Insurance investigators on 32 felony counts of grand theft, insurance fraud, and forgery after acting as an insurance agent to allegedly steal...
Insurers, Agents Together Need to Lower Distribution Costs: Berkley
Jun 23 2016 // Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William Berkley, executive...
McGhee Elected President of Arkansas Independent Agents Insurance Group
Jun 22 2016 // Bill McGhee, of McGhee Insurance Inc., in Little Rock, Ark., has been elected president of the Independent Insurance Agents of Arkansas. McGhee previously served on the IIAA executive committee and board of...
Ohio Insurance Agent’s License Revoked after $800K in Client Losses
Jun 22 2016 // Ohio Lieutenant Governor Mary Taylor has revoked the license of insurance agent Brian Willms, of Dublin, for misrepresenting life insurance policies as an investment. The misrepresentations contributed to two clients...
Integro Acquires Equine Broker Jerry Parks Insurance Group in Florida
Jun 22 2016 // International broker and risk management firm Integro Insurance Brokers has added to its livestock coverage capabilities with the acquisition of Ocala, Florida-based corporations Jerry Parks Equine Insurance, Inc. and...
Souissi Joins Alliant Brokerage Team in Bay Area
Jun 21 2016 // Alliant Insurance Services Inc., headquartered in Newport Beach, Calif., announced that veteran underwriter, Amy Souissi, has joined the company as vice president. She is based in the San Francisco Bay area, and will serve...
Construction Market Keeps Building: Brokers’ Outlook on Current & Future Opportunities
Jun 20 2016 // Amid ups and downs, the construction market has seen steady growth over the past four years, and now construction insurance specialists believe the market is set to finally start to heat up. The intense competition has...
