Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Private Equity Firm Hg Weighs Options for €1.5 Billion Insurance Broker GGW
Aug 18 2023 // Hg is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5 billion ($1.6 billion), people familiar with the matter said. The software-focused private equity firm is...
Liberty Co. Brokers Secures $340M in Funding for Refinance, More Growth
Aug 18 2023 // Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding,...
Specialist Risk Group Acquires UK’s Cheshire Insurance Brokers
Aug 17 2023 // Specialist Risk Group (SRG), the London-based insurance intermediary, has acquired Cheshire Insurance Brokers (CIB). Financial details of the transaction were not disclosed. Established in 2010 by Dominic Leach &...
Carolina Insurance Agent Charged with Backdating Auto Policy After Crash
Aug 16 2023 // A North Carolina insurance agent has been charged with fraud after allegedly backdating an auto policy, to show that a friend was covered at the time of an accident. The North Carolina Department of Insurance reported this...
New Hampshire Insurers, Agencies Must Report When Producers Are Fired
Aug 9 2023 // The New Hampshire Insurance Department is reminding insurance companies and agencies that they must notify the department when terminating producers for cause. “In the interest of ensuring compliance and upholding...
Call off the Data Hunt! Get Your Variable Lines Brokers Onboarded and Ready to Sell Without the Hassle of Repeat Data Entry
Aug 7 2023 // This post is part of a series sponsored by AgentSync. Managing compliance throughout the producer licensing process is complex, especially when it’s done by hand and even more so when it involves managing variable...
Congratulations Top 100 Agencies
Aug 7 2023 // This year marks the 19th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. One significant trend — the vast majority of firms (84 firms) in the Top 100 saw notable increases...
Connecticut Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Aug 7 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits
Aug 4 2023 // Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s...
Acturis Enters U.S. Market with Acquisition of Broker Buddha
Aug 4 2023 // After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York...
Re/insurance Broker Consilium Granted License in Cayman Islands
Aug 2 2023 // Consilium, the London-based re/insurance brokerage arm of Aventum Group, has been granted a license by the Cayman Islands Monetary Authority (CIMA). Consilium’s focus in the region will be in the financial and...
The Future of Variable Lines Broker Management
Aug 1 2023 // This post is part of a series sponsored by AgentSync. Key takeaways: What automation looks like for variable lines compliance How automated broker compliance can help or harm carrier reputations Why broker preferences are...
Alfa Insurance Agent in Alabama Pleads Guilty in Scheme to Defraud Elderly Victims
Jul 28 2023 // A former Alfa insurance agent in Alabama has pleaded guilty to defrauding people, most of them elderly, of more than $862,286 in life insurance. The plea agreement for Bret Chappell, 44, of Warrior, comes six months after...
Big ‘I’ Report: Independent Agency Channel Slowly Growing
Jul 27 2023 // The independent agency channel is holding ground and showing slow, steady gains in lines of business penetration, including homeowners, according to the Big “I” 2023 Market Share Report. Based on 2022 data,...
SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Jul 26 2023 // Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend...
Brown & Brown to Acquire Wholesale Broker New England Excess Exchange
Jul 25 2023 // Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale...
Howden Switzerland Acquires Specialist Aviation Broker Hudson Sky
Jul 24 2023 // Howden, the London based insurance group, announced it has acquired Hudson Sky International, a specialist aviation broker in Switzerland. This acquisition is part of Howden’s wider strategy to become a leader in its...
Leavitt Agencies McDonald-Leavitt and Leavitt United Join
Jul 24 2023 // McDonald-Leavitt Insurance has merged into another larger Leavitt Group affiliate, Leavitt United Insurance Services. This merger is intended to provide Kim and David McDonald—McDonald-Leavitt founders and...
How to Efficiently Manage Variable Lines Brokers
Jul 19 2023 // This post is part of a series sponsored by AgentSync. At its fundamental level, compliance is about making sure the people you have selling products are authorized to sell them, and are doing it right away AND the right...
Reinsurance Broker, Augment, Launches With Access to $100M in Funding
Jul 17 2023 // Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners. Over the last decade, the global reinsurance market has been...
