Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Aspen U.S. Appoints Kotsiopoulos As Broker Relationship VP
Jul 9 2014 // Aspen U.S. Insurance said George Kotsiopoulos has joined as vice president, Broker Relationship leader. Kotsiopoulos joins Aspen U.S. Insurance with underwriting and distribution experience from previous positions at...
Hub International Acquires Canadian Broker Gibson Insurance
Jul 9 2014 // Hub International Limited announced that it has acquired the shares of Gibson’s Insurance Agency Ltd., a Manitoba Canada-based insurance brokerage. Terms of the acquisition were not disclosed. The announcement said...
All in the Family: Father and Daughter Honored by Texas Agents
Jul 7 2014 // A father-daughter team were awarded some of the highest honors bestowed upon independent agents in Texas at the Independent Insurance Agents of Texas annual conference and trade show, held recently in San Antonio. Kelly...
Getting a Grip on Ridesharing Coverage
Jul 7 2014 // Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and startup ridesharing companies have been cropping up...
Agency Ownership of Expirations
Jul 7 2014 // Agency ownership of its expirations is core to agency culture, core to the agency’s value, and core to the owners’ livelihoods. Yet today, the ownership and even more important, the value of the expirations, is...
The Strange Case of the Use and Abuse of Insurance Ratings
Jul 7 2014 // Ratings, and rating agencies, occupy a contradictory place in many markets – not least in commercial lines insurance and reinsurance. They are very heavily relied on by both buyers and brokers, yet subject to a great...
Ex-Insurance Broker Arrested in California for Embezzlement
Jul 7 2014 // John Monreal, 45, of Santa Clarita, Calif. was arrested on May 30 by Los Angeles County Sheriff’s Department deputies on 11 felony counts of embezzlement and insurance code violations after he allegedly duped...
CGSC Expands Wholesale Brokerage Business in Latin America
Jul 3 2014 // Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance broker, announced plans to expand its Swett & Crawford wholesale brokerage business into the Latin American market. The growth...
Brokers Say Reinsurance Prices under Pressure at Mid-year Renewals
Jul 2 2014 // Reinsurance prices fell by as much as 25 percent in key markets mid-year as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. Reinsurers have been...
U.S. Risk Names Dean Mills a Vice President for the Houston Office of U.S. Risk Brokers, Inc.
Jul 1 2014 // Dallas, TX – July 1, 2014 – U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it has named Dean Mills a Vice...
Trial Expected in Ex-Kansas Insurance Agent Theft Case
Jun 30 2014 // The attorney for a former Kansas insurance agent accused of stealing nearly $2 million from policyholders says the case is expected to go to trial. Kari Schmidt said her client, Jason Matthew Pennington, has not reached a...
Hub Names Corbett Senior Vice President in California
Jun 30 2014 // Hub International Insurance Services Inc. named Jay Corbett as a senior vice president of the commercial division based in Folsom, Calif. In addition to his commercial brokerage production role, Corbett will serve as the...
Florida Agencies Acentria and Gateway Announce Intent to Merge
Jun 26 2014 // Two Florida independent insurance agencies — Acentria, Inc. and Gateway Insurance Agency, L.C. — announced they are merging. Gateway, which has serving Dade, Broward and West Palm Beach communities since 1952, is...
Insurance Underwriter, Broker Merger Activity Up 20%: SNL
Jun 26 2014 // Year-to-date through June 20, the insurance mergers and acquisitions (M&A) market witnessed 160 deal announcements, compared to 134 deals over the same period of 2013 — an increase of roughly 20 percent, according to...
Extended Deadline to Enter for Insurance Journal Top 100
Jun 25 2014 // Don’t miss out on your chance to become one of Insurance Journal’s Top 100 Independent Property/Casualty Agencies. PLUS, now there’s an opportunity to be considered as Tomorrow’s Top 100 – these...
Insurance Noodle Launches Integrated Small Contractors Facility
Jun 19 2014 // Insurance Noodle has launched an integrated property and casualty facility for small contractors, bringing together several major carriers via a single access point. The program was designed to help agents working with...
Ex-Insurance Broker Arrested in California for Embezzlement
Jun 18 2014 // John Monreal, 45, of Santa Clarita, Calif. was arrested on May 30 by Los Angeles County Sheriff’s Department deputies on 11 felony counts of embezzlement and insurance code violations after he allegedly duped...
Liberty Mutual Adds Data Compromise Coverage to Insurance Agent E&O Program
Jun 18 2014 // Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an...
Marsh to Acquire Majority Stake in Panama Broker Semusa
Jun 18 2014 // Marsh announced that it has reached a definitive agreement to acquire a majority stake in Panamanian insurance broker and advisor Semusa, Marsh’s long-standing local correspondent broker. Terms of the transaction...
Agents React to Walmart, Overstock in Insurance: ‘We Aren’t Dead or Dying, We are Evolving’
Jun 18 2014 // Recent announcements by giant retailers Walmart and Overstock.com that they entering the insurance sales game have elicited a healthy response from the insurance industry. Some agents have expressed concern and frustration...
