Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Progressive CEO Renwick to Retire; Griffith Chosen as Successor
May 13 2016 // The Progressive Corp. announced that Glenn Renwick, president and chief executive officer, will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016. Tricia Griffith,...
Why Independent Agents Went to Capitol Hill to Lobby
May 12 2016 // Independent insurance agents and brokers from all 50 states convened in Washington, D.C., last month for the Big “I” Legislative Conference. Our members met with almost every U.S. Senate and House office to...
Manchester Specialty to Offer Allied Health Business Program Through Great American
May 12 2016 // Manchester Specialty Programs, a national specialty underwriting and insurance program management firm for home care, hospice and other health-related classes, is now offering allied health business insurance coverage on...
Agency Mergers Set Record with ‘Unstoppable Momentum’ in Q1: Optis
May 11 2016 // Insurance agency mergers and acquisitions hit an all-time high for the first quarter of a year, with 109 reported transactions in the first three months of 2016. The pace slightly outstripped 107 deals reported in the...
Large, Mid-Sized Agencies Grew 5%, Maintained Strong Profit in Q1: Reagan
May 10 2016 // Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016, up from 4.6 percent for the full year 2015, according to the latest Reagan Consulting...
“Biggie Award” Winners Announced at BIG Convention
May 10 2016 // BIG Independent Group Awards Accolades at Annual Southern California Event Riverside, CA- Rancho Cucamonga, CA, May 10, 2016- The BIG Independent Group, an association of independent insurance agents and brokers, announced...
Real World Best Practices For Agencies in Reviewing Insurance Certificates
May 6 2016 // How is it that a certificate of insurance — that seemingly simple, straightforward and most innocent of documents — can be so complex? The certificate of insurance acknowledges the writing and existence of an insurance...
New Chubb ‘Off to Good Start,’ Says Greenberg While Assessing Merger, Competition, Agents
May 6 2016 // The new Chubb reported its first quarter results since the Ace Ltd. deal to acquire Chubb closed in January and, according to the man who spearheaded the giant merger, the combined firm is “off to a good start”...
Specialist Lloyd’s Insurer Marketform Hires Kelsh to Build Broker Relationships
May 6 2016 // Marketform, the London-based specialist Lloyd’s insurer, has appointed Martin Kelsh to the newly created role of production & distribution director. Kelsh joined Marketform on May 3 to develop and enhance the...
Arraignment Set for Former California Agent in Decade-Long Scheme
May 4 2016 // Valerie Ann Verdugo, 38, of Bakersfield, Calif., is scheduled to be arraigned Wednesday on felony insurance fraud charges for obtaining insurance coverage without paying the carrier on those policies for more than a...
Wholesale Broker tKg Names R-T Specialty’s Havermann to Head Transportation
May 4 2016 // Phoenix-based tKg Wholesale Brokerage has hired Edward T. Havermann, III, as vice president of its transportation division. Havermann will be responsible for building a national transportation practice for the...
Specialist Broker Capsicum Re Launches in Latin America; Operation Led by Smith
May 4 2016 // Capsicum Re, the London-based specialist reinsurance broker, announced it has launched Capsicum Re Latin America (CRLA). “This is a major step in Capsicum Re’s strategy to become a full service, international,...
$4MM Commission – CA Preferred Personal Lines Agency For Sale by Ace Business Brokers
May 4 2016 // Santa Monica, CA, May 4, 2016 – Ace Business Brokers announces a Southern California preferred personal lines agency for sale: $4 million in commissions 16,500+ client base Retention rates in 90’s Adjusted Net...
Q1 Saw Rate Decreases Continue in Commercial P/C: The Council
May 4 2016 // Commercial property/casualty rates decreased across all size accounts in the first quarter of 2016, continuing a trend that has been evident since the first quarter of 2015. This year, first quarter rates decreased by an...
Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims
May 3 2016 // Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder,...
Bain Capital, Vista Equity Buy Agency Technology Firm Vertafore from TPG
May 2 2016 // Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital. The parties did not disclose terms of the transaction. Reuters, citing anonymous...
Who Moved Your Cheese? The End (for Now) of Market Cycles
May 2 2016 // The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily...
How to Grow Your Insurance Agency One Call At A Time
May 2 2016 // Local Strategies to Stand Out in a Challenging Lead-Acquisition Marketplace The insurance industry is spending big on local marketing, but the results individual agencies experience depend on the tactics they execute. For...
Zurich Canada Appoints Healey as Sr. VP, Distribution & Regional Management
Apr 29 2016 // Zurich Canada has appointed Patrick Healey as senior vice president, Distribution and Regional Management. Healey will be responsible for leading and managing broker relationships and supporting market-facing underwriting...
10 Things Young Insurance Agents Like, and Don’t Like, About Their Jobs
Apr 27 2016 // Overall, young agents are happy with their career choice. They enjoy the freedom and challenges that come with being independent agents. But they are not thrilled with every aspect of their career choice. Who is? The April...
