Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Illinois Insurance Agent Sentenced to 7 Years in Prison for Swindling Premiums
Feb 27 2024 // The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more than $1 million from clients by collecting annuity premiums for policies that he never purchased, the...
Signers National Acquires Texas’ Affiliated Insurance Agents
Feb 26 2024 // Signers National a group of insurance companies dedicated to servicing key client segments across the United States, announced the acquisition of Affiliated Insurance Agents. Affiliated Insurance Agents is an independent...
Agents, Brokers Achieve Record Annual Growth in 2023
Feb 26 2024 // The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly growth and profitability study in...
NC Insurance Agent with Multiple Businesses Pleads Guilty to Tax Evasion
Feb 22 2024 // A North Carolina insurance agent has pleaded guilty to tax evasion and could face up to five years in prison and a $250,000 fine, a federal prosecutor said Wednesday. Arturo Barcenas Gonzalez, is owner of Barcenas...
Marsh McLennan Acquires 2 Louisiana Agencies
Feb 20 2024 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, doubling the...
‘New Normal’ in Agency M&A Landscape Experts Share 2024 Outlook for Independent Agencies
Feb 19 2024 // The number of announced insurance distribution mergers and acquisitions boomed in 2021 and 2022. Last year, the count plummeted to levels seen at the beginning of the decade. Insurance Journal recently interviewed four...
Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate
Feb 16 2024 // Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh Group Ltd., with the debt’s pricing among the lowest seen in direct lending, people with knowledge of the matter...
New Online Series Helps Agents and Brokers Master Coverage Knowledge
Feb 14 2024 // San Diego, CA, February 14, 2024 — Academy of Insurance, an educational platform for insurance professionals, announced a new series of coverage-based, live and interactive learning events called ‘How to...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023
Feb 9 2024 // Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown – reported generally strong revenues in 2023, with annual increases ranging...
Inszone Acquires J.B. Martin Insurance Agencies in New Mexico
Feb 9 2024 // Inszone Insurance Services acquired J.B. Martin Insurance Agencies in Albuquerque, New Mexico. This acquisition bolsters Inszone’s presence in the Southwest. Since its establishment in 1981, John Bradley Martin and...
Assurance IQ Chooses AgentSync to Provide Excellent Agent Experience
Feb 8 2024 // Frictionless Agent Management Poised to Streamline Assurance IQ’s Agent Onboarding DENVER, Feb. 8, 2024 –– Assurance IQ and AgentSync have announced they will collaborate to transform the onboarding and...
Founder of AgencyPoint in California Says Many Agencies Put Accounting on Backburner
Feb 8 2024 // Many small- to mid-sized agencies aren’t putting much thought into accounting, relegating the important function to the backburner by opting to use local accountants, agency management systems that may not be...
Former Agent Sentenced to 15 Years in ‘FastLife’ Scheme. Spent Funds on Insurance
Feb 5 2024 // A former Sarasota insurance agent and financial advisor has been sentenced to 15 years in prison for what prosecutors said was a scheme to defraud elderly residents out of $6 million. Phillip Roy Wasserman, 67, was...
Survey: Carrier Connectivity Top of Mind for Agents
Feb 5 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...
3 Areas for Agents to Focus Growth Efforts in 2024 As the Hard Market Continues
Feb 5 2024 // We are obviously in one of the most intense hard markets of the last several decades. While much has been said and written about how to navigate the challenges the market is creating for agents, I’d like to take a...
Jensten Acquires UK Community Broker Melville Burbage
Feb 2 2024 // Jensten, the London-based independent insurance broking group, announced it has acquired independent community broker Melville Burbage. The deal, which is subject to regulatory approval, brings a dedicated team of 15 to...
People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
Jan 30 2024 // This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) . A summary of these new hires follows here. Carbon Underwriting...
Latin American Agents Offer Membership to USF Insurance Students
Jan 30 2024 // The Latin American Association of Insurance Agents has teamed up with the University of South Florida to expand awareness of insurance industry trends, best practices and emerging technology, for students as well as...
Pathpoint, AgentSync Unite for Superior Client Experience
Jan 30 2024 // DENVER, Colorado – Jan. 30, 2024 — Pathpoint and AgentSync have partnered to deliver a better agent and client experience by accelerating Pathpoint’s average time-to-bind with automated policy...
People Moves: XPT Hires Binding and Brokerage Team; Integris Promotes Cronin
Jan 26 2024 // XPT Specialty Names Binding and Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired a production and underwriting team to serve Middle Atlantic and Northeast clients. The wholesale broker’s new team...
