Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work?
Jan 22 2024 // I recently read an article regarding how the U.S. Senate wants to investigate how well reserved Florida Citizens is because of their expressed concern that if a large hurricane destroys enough property insured by Florida...
Tangram Enters Reinsurance Brokerage Market with SC-based Preferred Re
Jan 18 2024 // Tangram Insurance Services, an independent managing general agency based in California, has acquired Preferred Reinsurance Intermediaries in Columbia, South Carolina, marking Tangram’s entry into the reinsurance...
AgentSync Hires Fabio Salim as President and Chief Operating Officer and Michael McCormick as Senior Vice President of Technology
Jan 17 2024 // Seasoned executives with SaaS and Insurance experience join leadership team DENVER, CO., Jan. 16, 2024 –– AgentSync today announced the hiring of Fabio Salim as President and Chief Operating Officer and Michael...
Swiss Re Buys Cyber Market’s 1st Retrocession ILW, Brokered by Gallagher Re
Jan 17 2024 // Swiss Re has purchased the cyber market’s first retrocession industry loss warranty (ILW), brokered by Gallagher Re and supported by a number of specialist reinsurers. Swiss Re secured $50 million of catastrophic US...
Gallagher Re Acquires Toronto-Basded Broker MGB Re
Jan 16 2024 // Arthur J. Gallagher & Co. announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). Terms of the transaction were not disclosed. MGB provides reinsurance solutions to...
Brown & Brown’s Bridge Specialty International to Buy Singapore-Based Broker Acorn
Jan 16 2024 // Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, announced it has agreed to acquire Acorn International Network Pte Ltd., a Singapore-based insurance broker. The...
Survey: Carrier Connectivity Top of Mind for Agents
Jan 16 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...
First MainStreet Adds Seven Iowa Agencies
Jan 11 2024 // First MainStreet Insurance L.C.announced the addition of seven new Iowa agencies to its platform to close out 2023. In late November 2023, Pfantz Insurance Services and the insurance operations of Eckhardt Enterprises,...
Part II: Don’t Go Bare: 4 Creative Options for Brokers in Gulf Coast States
Jan 11 2024 // This post is part of a series sponsored by IAT Insurance Group. It’s not news that property owners along the Gulf Coast are experiencing sticker shock when it comes their insurance renewal. The challenge is, rate...
P&C People: XS Brokers Expands with Geiss, Kentucky Agents Name New EVP
Jan 10 2024 // The underwriting and wholesale brokerage group known as XS Brokers is expanding into the Southeast and has named Adam Geiss as vice president, based in Charlotte, North Carolina. “Charlotte, a vibrant and growing...
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services
Jan 8 2024 // TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a memorandum of understanding (MoU) to acquire Hong Kong insurance broker Peak...
Gallagher Acquires German Specialty Broker Köberich Financial Lines
Jan 8 2024 // Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance, plus other financial lines products including cyber, warranties &...
Navigating the Hard Market: 4 Strategies for Brokers to Contend with Constraints in Gulf Coast States Property Insurance
Jan 8 2024 // This post is part of a series sponsored by IAT Insurance Group. U.S. coastal areas, particularly Gulf Coast states like Florida, Louisiana and Texas, have been hit hard in the past decade by climate change-related natural...
Howden Acquires Norwegian Broker Arctic Insurance AS
Jan 4 2024 // Howden, the London-based insurance group, announced the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker. Financial details of the deal were not disclosed. This acquisition reflects...
A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
Jan 3 2024 // This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased...
Brokerslink Adds Peruvian Broker to Global Network
Dec 28 2023 // Global brokerage business, Brokerslink, has added Consejeros y Corredores de Seguros (CONSEJEROS), a leading broker in Peru, to its growing network. Founded over 34 years ago, CONSEJEROS is a highly respected broker with a...
Risk Strategies Buys Florida-based Setnor Byer Brokerage
Dec 22 2023 // Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the...
Ryan Specialty Signs Agreement to Buy Castel Underwriting Agencies From Arch
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority...
UK Signs Swiss Financial Services Deal, Easing Post-Brexit Access for Insurers, Brokers
Dec 22 2023 // The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market access for firms including banks, insurers and asset managers. Chancellor of...
Howden Acquires Dutch Broker VLC & Partners
Dec 20 2023 // Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands. Financial details of the transaction were...
