Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Payroll Firm ADP to Compete with Brokers in Offering Health Exchange
Aug 6 2015 // Automatic Data Processing Inc., the payroll- processing giant, will offer companies a new way for their employees to select health benefits, challenging firms like Towers Watson & Co. and Marsh & McLennan Cos. ADP...
Burns & Wilcox Brokerage Hires Moskie as VP in New York
Aug 5 2015 // Burns & Wilcox Brokerage hired Philip Moskie as vice president of Property Brokerage for its New York City office. Moskie brings nearly two decades of wholesale brokerage experience to the role. He most recently...
Private Equity Firm Odyssey Buys Broker Integro
Aug 5 2015 // New York and Los Angeles private equity firm Odyssey Investment Partners, LLC has agreed to acquire Integro Ltd., a specialty insurance brokerage and risk management firm. Financial details of the investment were not...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
Aug 5 2015 // Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55...
Texas Professional Insurance Agents Partners with EFG Cos.
Aug 4 2015 // With the aim of helping member agents boost their revenues, Texas Professional Insurance Agents (PIA) is partnering with EFG Cos. to offer ancillary consumer protection products. Texas PIA selected the Simplicity Division...
Arthur J. Gallagher Completes Acquisition of William Gallagher in Boston
Aug 3 2015 // Arthur J. Gallagher & Co. announced today that it has completed its previously disclosed acquisition of William Gallagher Associates Insurance Brokers Inc. in Boston. Arthur J. Gallagher & Co. previously...
AmWINS Group Acquires The III Group in Pennsylvania
Aug 3 2015 // Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in...
Florida Agent Arrested for Selling Fraudulent Policies with Suspended License
Aug 3 2015 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of insurance agent Julia Shurdom, 67, for allegedly transacting insurance related business with a suspended...
Cal Fire Captain, Insurance Agent Brother Arrested for Insurance Fraud
Aug 3 2015 // A California Fire captain and his insurance agent brother have been arrested for insurance fraud. Neal Moriarty, 38, a Cal Fire captain, and Ross Moriarty, 42, a licensed insurance agent, were arrested in late July on...
Arizona Supreme Court Ruling May Expose Agents to Lawsuits
Aug 3 2015 // An Arizona Supreme Court ruling in July may expose agents who write auto policies to malpractice lawsuits if they are accused of failing to inform their customers about uninsured and underinsured motorists coverage —...
The New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg
Aug 3 2015 // The new company formed as a result of ACE Limited’s $28 billion acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan Greenberg...
Simple Solutions
Aug 3 2015 // Once upon a time a doctor on Main Street USA made the same diagnosis and prescribed the same solution for every patient. This was a long time before WebMD or even Marcus Welby, MD. Patients had to weigh their two options...
Deal Activity Still Impressive
Aug 3 2015 // Deal count for the second quarter of 2015 was one of the most active quarters on record with 87 announced transactions. The total deal count for year-to-date 2015 (as of July 6, 2015) was at 187 (U.S. based transactions)....
Congratulations Top Agencies
Aug 3 2015 // This year marks the 11th annual publication of Insurance Journal’s Top 100 Agencies special report. While there have been many agencies to make the Top 100 year-over-year there also are many newcomers each year and a...
Olson to Lead the Independent Insurance Agents of Georgia as CEO
Jul 31 2015 // Betsy K. Olson was appointed chief executive officer of the Independent Insurance Agents of Georgia after a unanimous vote of its Board of Directors on July 29, 2015. Olson will take the reins on September 1. “Betsy...
MetLife Defends Dual Roles for Retirement Brokers
Jul 31 2015 // MetLife Inc. said its dual roles of offering retirement products and advising customers are threatened by a U.S. Labor Department proposal that was designed to make sure savers’ interests are put...
ACE Names North America Management Team for New Chubb
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America...
Miami Agent Arrested for Stealing More than $80K from Clients
Jul 28 2015 // The Florida Department of Financial Services’ Division of Insurance Fraud has announced the arrest of Mandy Rodriguez, 35, on felony fraud and grand theft charges after an investigation revealed that Rodriguez, a...
Cal Fire Captain, Insurance Agent Brother Arrested For Insurance Fraud
Jul 27 2015 // A California Fire captain and his insurance agent brother have been arrested for insurance fraud. Neal Moriarty, 38, a Cal Fire Captain, and Ross Moriarty, 42, a licensed insurance agent, were arrested last week on...
Former California Agent Ordered to Pay Restitution for Premium Theft
Jul 24 2015 // Christopher Emery, 33, of Downey, Calif. formerly a licensed insurance broker doing business as CPE Insurance Services, has plead guilty to seven felony counts of grand theft for stealing insurance premiums. Emery...
