Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Willis to Acquire Majority Stake in Miller in Ship-Insurance Wager
Jan 22 2015 // Willis Group Holdings Plc, the third-largest insurance broker by market value, has agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent stake, and...
Former Southern California Agent Sentenced in $100K Fraud Case
Jan 20 2015 // Isidro Santillan, 54, has been sentenced to three years in state prison and agreed to pay more than $133,000 in restitution to multiple victims. For more than two years Santillan reportedly embezzled more than $100,000...
Allied Insurance Brokers Promotes McGeary to President in Penn.
Jan 20 2015 // Allied Insurance Brokers, a retail property/casualty insurance broker in Pittsburgh, has promoted Jeff McGeary to president. McGeary will also be responsible for Allied’s underwriting and wholesale division known as...
Aon Benfield Acquires Portfolio of Swiss Specialist Broker Sipex
Jan 20 2015 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has acquired the entire portfolio of in-force business of Sipex Insurance and Reinsurance Brokers SA, an insurance and...
Florida Broker AmPro to Open Tampa Office, Hires Smid as Senior Broker
Jan 16 2015 // Florida-based American Professional Liability Underwriters, Inc. (AmPro) has added Gary Smid as a senior broker to its new office opening in Tampa. Smid has more than 18 years of insurance underwriting experience,...
Texas Bills Target ‘Named Driver’ Automobile Policies; Disclosure Rules Adopted
Jan 15 2015 // A pair of bills filed in the Texas Legislature would prohibit automobile insurers from issuing “named driver” policies in the state, but one would allow named driver exclusion under certain circumstances, HB...
Taylor, Wrobel Join Southwest Risk in Dallas
Jan 15 2015 // Insurance broker Southwest Risk LP has added Ryan Taylor and Wade Wrobel in Dallas as brokers with a focus on transportation, energy and hospitality. Taylor is a native of the DFW Metroplex. Most recently, he served as...
ACE Launches Middle Market Insurance Solution for Continental Europe
Jan 15 2015 // ACE Group has launched ACE Middle Market Solutions, an enhanced proposition for brokers and clients, designed to help continue building its position in the middle market segment in key Continental Europe insurance...
Boston Insurance Brokerage Promotes Dickson to VP
Jan 14 2015 // Carl Dickson Boston Insurance Brokerage Inc. has promoted Carl Dickson to the position of vice president of the Property/Casualty & Environmental Division. Dickson served as assistant vice president at the firm for...
Ex-Kansas Insurance Agent Gets Prison Sentence for Client, Company Theft
Jan 14 2015 // Prosecutors say a former insurance agent in Kansas has been sentenced to 42 months in prison for stealing from his clients. The U.S. attorney’s office said that 43-year-old Jason Matthew Pennington of Wichita pleaded...
Michigan Orders Unlicensed Agent, Fictitious Insurer to Stop Selling Insurance
Jan 13 2015 // The Michigan Department of Insurance and Financial Services (DIFS) has ordered Ray Coleman, Midwest Insurance Group and RPM Insurance Group (RPM) to cease and desist from selling, soliciting or negotiating insurance...
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 13 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Kaufman Financial Acquires Canadian MGA Avec Insurance Managers
Jan 13 2015 // Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty...
‘One-Day’ Policy Sales Lead to Agent License Suspensions in Michigan
Jan 13 2015 // The Michigan Department of Insurance and Financial Services (DIFS) announced it has suspended the licenses of father and son insurance agents Ali Ali and Adnan Ali-Aljadri and their insurance agencies AAS and ASA for...
Mercury in California Ordered to Pay $27.5M for Unapproved Broker Fees
Jan 12 2015 // California Insurance Commissioner Dave Jones ordered Mercury Insurance to pay a fine of $27.5 million because Mercury auto insurance consumers were allegedly charged unapproved broker fees. Mercury did not obtain...
Proposed XL Acquisition of Catlin Gets Review From Rating Agencies
Jan 12 2015 // A.M. Best and Standard & Poor’s have weighed in with their comments about XL Group’s announced agreement to acquire Catlin Group Ltd. for $4.1 billion in cash and stock. A.M. Best placed the financial...
Florida’s Citizens Dealing with ‘Takeout Fatigue’
Jan 12 2015 // Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need...
2015 Insurance Industry Meetings & Conventions Directory
Jan 12 2015 // Welcome to Insurance Journal‘s 2015 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
When It Comes to Mobile for Independent Agents It’s the App that Counts
Jan 12 2015 // Have agents reached a tipping point when it comes to making their services accessible with a smartphone? Some believe the independent agent still has time to adapt. Others argue that those who wait will be run over by...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Jan 12 2015 // On Dec. 18, Allianz Group announced that it would sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines...
