Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Independent Agent’s Role in the Surety ‘Trust Triangle’
Jul 29 2022 // This post is part of a series sponsored by Old Republic Surety. Large surety accounts aren’t handled as mere transactions. They require a relationship based on mutual trust in which the independent agent plays a...
Freight Broker Sues Liberty Mutual for ‘Excessive’ Work Comp Premiums
Jul 29 2022 // An Illinois freight broker has filed a lawsuit accusing Liberty Mutual of overcharging it by demanding payment of workers’ compensation premiums for independent contractors who are ineligible for benefits. Virnich...
Hub Acquires Stop Loss Brokers in Massachusetts
Jul 27 2022 // Global insurance broker HUB International Limited (Hub) reported that it has acquired the assets of Stop Loss Insurance Brokers, Inc. and Berkeley Insurance Brokers, Inc. Terms of the transaction were not...
Brown & Brown’s GRP Acquires Insurance Portfolio of WM Brokers Ltd.
Jul 27 2022 // Global Risk Partners (GRP), part of Brown & Brown, announced it has acquired the general insurance portfolio of Woodward Markwell Insurance Brokers Ltd. (WM Brokers Ltd). The deal marks GRP’s 100th acquisition...
Medicare Open Enrollment Season: Best Practices for Carriers, Agencies, and MGAs/MGUs
Jul 27 2022 // This post is part of a series sponsored by AgentSync. With pumpkin spice lattes nigh, we can nearly smell the coming of a very busy time of year for carriers, agencies, MGAs/MGUs. Yes, you guessed it, we’re talking...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey
Jul 25 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
BMS Re Acquires Mexican Surety Reinsurance Broker Calomex
Jul 25 2022 // BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established...
Two 100+ Years Old New Hampshire Agencies Merge
Jul 22 2022 // Two long-time New Hampshire insurance agencies— The Insurance Center based in Claremont and McCrillis & Eldredge in Newport— announced that their companies are joining forces. The combined organization will...
WIAA, PIIB Join Forces to Create Large California P/C Agents Group
Jul 21 2022 // The Western Insurance Agents Association and the Pacific Interstate Insurance Brokers have joined forces. The board of directors of PIIB, based on El Dorado Hills, California, voted to affiliate all its agency-cluster...
UK Jensten Group Acquires UK Broker Ravenhall Risk Solutions
Jul 19 2022 // The Jensten Group has acquired UK broker Ravenhall Risk Solutions for an undisclosed sum. The deal, which is subject to approval by the FCA, bolsters Jensten’s regional presence in Yorkshire and is the Group’s...
People: Georgia Agents Elect Iverson President
Jul 18 2022 // The Independent Insurance Association of Georgia has installed longtime member Michael Iverson as president of the organization. Iverson is CEO of the M.D. Iverson Group, an insurance agency in Fairburn, Georgia. He has...
The Path to Growth for Smaller Agencies: Hire Producers Or Acquire Agencies?
Jul 18 2022 // I know a thing or two about helping agencies grow. In fact, I’ve helped hundreds of entrepreneurs create independent insurance agencies. From this experience, I’ve learned growth is a fairly straightforward...
Higginbotham Adds Mathis Broker in Tennessee
Jul 15 2022 // Mathis, Tibbets & Mathis, a 36-year-old independent broker of commercial and personal property/casualty insurance, surety bonds and employee benefits plans, based in Memphis, has been acquired by...
Specialty Program Group Acquires Entertainment/Sports Broker ESP in Massachusetts
Jul 13 2022 // New Jersey-headquartered Specialty Program Group (SPG) said it has acquired ESP Insurance Brokerage, a national insurance broker and program administrator for the sports, events and promotion marketing and entertainment...
Broker NFP Forms Captive Manager in Canada
Jul 13 2022 // Insurance broker NFP has established a captive management firm in Canada following Alberta’s establishment of a regime for captive insurance for organizations wanting to self-insure against risk instead of buying...
Agent’s Plea That Landscaping Includes Tree Removal Fails
Jul 13 2022 // A New Jersey insurance agency has failed to convince two courts that a landscape gardening insurance policy for a long-time client was ambiguous enough to also cover tree removal. The agency also struck out with its...
Digital Insurer Ranger Raises $5.25M With Assist From A-Rod for Agent Platform
Jul 11 2022 // Digital insurer Ranger said it just closed a $5.25 million seed round to further its development of a digital platform that promises to modernize the role of insurance agents, evolving their role into a home protection...
Florida Insurance Agents Feeling the Heat from Roiling Marketplace
Jul 11 2022 // Dan Alexander has seen the worst of the Florida property insurance market from the inside-out – from agents who’ve quit to carriers that have gone insolvent or stopped writing new business, to having to manage...
Chicago Insurance Broker Saves Young Boy’s Life in July 4 Parade Shooting
Jul 8 2022 // A woman, stunned and speechless in the chaos of a July 4 parade massacre, walked up to Greg Ring and handed him a 2-year-old boy, covered in blood. Ring had fled the scene in the Chicago suburb of Highland Park with his...
Miller Acquires Tokyo-Based Broker Lead Insurance Services
Jul 8 2022 // Miller, the independent specialist re/insurance broker, announced the acquisition of Lead Insurance Services Ltd. Lead is based in Tokyo, Japan, and the acquisition cements a longstanding relationship between the two...
