Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Florida Insurance Agent Sentenced to 14 Years for Premium Fraud
Apr 17 2023 // More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance...
Federal Law Preempts Stolen Cargo Claim by Insurer Against Florida Transport Broker
Apr 14 2023 // Landstar Ranger, a transportation broker based in Jacksonville, sent a truck driver who called himself “James” to pick up cargo in Colorado for delivery to Maryland. A dispatcher authorized the pickup even...
UK Broker Clear Group Acquires Irish Broker MBC Insurance
Apr 13 2023 // The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC...
NFP Acquires UK Broker Gravity Risk Services
Apr 12 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired Gravity Risk Services Ltd., an insurance broker based in the West Midlands, England. Financial terms of the deal were not disclosed. NFP will...
Ardonagh Acquires Dutch Insurance Broker Klap from Nedvest
Apr 11 2023 // The Ardonagh Group announced it has agreed to acquire Klap Verzekeringsmakelaar, a specialist commercial lines insurance broker based in The Netherlands, from family office, Nedvest. Financial details of the deal were not...
Investigators Seek More Victims of Alleged Fraud by Former California Insurance Agent
Apr 11 2023 // Formerly licensed insurance agent Gregory Magedman, 77, of Fullerton, California, appeared in court on one felony count of grand theft by embezzlement after allegedly failing to give an insurance payment to a...
Russia Threatens to Bypass UN-Brokered Grain Deal, Cites Insurance as Barrier
Apr 10 2023 // Russia on Friday threatened to bypass the UN-brokered grain deal unless obstacles to its agricultural exports were removed, while talks in Turkey agreed removing barriers was a necessary condition to extending the...
Ardonagh Advisory Acquires UK Broker Pace Ward
Apr 4 2023 // Ardonagh Advisory, the London-based SME broking platform, announced the acquisition of Pace Ward, a UK-based local broker that provides national coverage for large commercial clients, prestige and high-performance cars,...
Gallagher Launches in Sweden Following Integration, Rebranding of 3 Acquired Brokers
Mar 31 2023 // Gallagher will launch its first direct presence in Sweden on Monday, April 3, following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova. Gallagher acquired Brim in 2016,...
How a Labor Supplier and Insurance Broker Schemed to Evade Workers’ Compensation
Mar 30 2023 // An unlicensed labor broker for the construction industry has pleaded guilty to participating in a fraud scheme in order to evade more than $1 million in workers’ compensation premiums. According to Manhattan...
Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe
Mar 28 2023 // AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe, a German owner-managed commercial lines insurance broker. AnaCap and MRHT’s...
EPIC Insurance Brokers & Consultants Forms Insurance Capital Solutions Group
Mar 23 2023 // EPIC Insurance Brokers & Consultants, the San Francisco-based retail property/casualty insurance brokerage and employee benefits consultant, announced the expansion of its Financial Services division with the launch of...
TikTok, Transit Agencies Face Wrongful Death Suit Over New York Teenager’s Death
Mar 23 2023 // Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of unsolicited suicidal...
Far from Home: Western-based Warner Pacific Acquires Agents Marketing Group in Miami
Mar 23 2023 // Warner Pacific, a large general agency in several Western U.S. states, is reaching eastward with the acquisition of Agents Marketing Group in Miami, the company announced. The acquisition of AMG, a general agency, will...
Florida Insurance Agent Who Used $5M in Premiums for Safari, Condos Gets 14 Years
Mar 23 2023 // More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance...
Correll Group Acquires Two More SE Agencies
Mar 21 2023 // Correll Insurance Group, a rapidly growing agency in the Southeast, announced two more acquisitions of Tennessee-based agencies: SouthPoint Risk, in Nashville, and Insight Risk Management, in Memphis. Correll said in a...
Women Leaders in Agencies
Mar 20 2023 // At first glance, examining gender equality within independent agencies seems to show a near equal balance. After all, gender representation in insurance agencies showed significant improvement over the last few years....
Biden’s Antitrust Push Across Agencies Is Working to Block Deals
Mar 17 2023 // The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department to challenge in court is working. In the past month alone, telecom and airline...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S....
Arthur J. Gallagher & Co. Buys UK Broker FE Protect
Mar 15 2023 // Arthur J. Gallagher & Co. announced the acquisition of UK-based AT Squared Holdings Ltd., operating as FE Protect. Terms of the transaction were not disclosed. FE Protect is an insurance broker specializing in the UK...
