Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers
Oct 18 2021 // Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Ltd. Financial details of the transaction, which...
Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.
Oct 18 2021 // Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in...
Agent Satisfaction
Oct 18 2021 // Despite independent agents having long driven the lion’s share of property/casualty (P&C) insurance industry revenue, many have been feeling neglected by carriers who have had their sights set on the...
Pay Compression Creates Challenges for Agencies Hiring Client Service Talent
Oct 18 2021 // Dear Mary: Our agency is a regional, independent, privately held broker in the Midwest that has been in business for decades. Every year we hire young, inexperienced people to come into the business as assistants and CSRs....
How Agents Can Help Clients with the State of the Insurance Market
Oct 18 2021 // One of Oak & Associates’ key clients in Oregon, Blake Schellenberg of RPIS wrote a newsletter to their clients outlining all of the rate increases they were seeing by line of business. RPIS’ management sent...
Agencies Made Progress With Technology During Pandemic but Data Issues Remain Obstacle to Digital Future
Oct 18 2021 // It’s difficult enough keeping up with the latest trends in agency technology let alone trying to do it during a global pandemic. But industry technology experts say independent agencies made progress, with many...
MGAs Can Build Broker Relationships – Even in a Hard Market: Aston Lark’s CEO
Oct 15 2021 // How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO of the Goldman...
Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies
Oct 14 2021 // A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In...
Lockton Creates Digital Asset Protection Team With Brokers, Attorneys
Oct 13 2021 // Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain and cryptocurrency industry and their digital assets. In addition to providing...
Howden to Acquire UK Broker Aston Lark From Goldman Sachs
Oct 13 2021 // Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. Aston Lark is one of the UK’s leading,...
Howden Acquires Norwegian Broker Aneco Forsikringsmegling AS
Oct 12 2021 // Howden, the London-based international insurance broker, announced the acquisition of Oslo-based retail broker Aneco Forsikringsmegling AS. Howden said the acquisition affirms its position as one of the leading non-marine...
MGA Occam Acquires Terrorism Specialist Beech Underwriting Agencies
Oct 11 2021 // Occam Underwriting, the London-based specialist lines focused managing general agency (MGA), announced it is acquiring Beech Underwriting Agencies Ltd., subject to UK regulatory approval. Beech Underwriting is an approved...
Howden Acquires Belgian Insurance Broker Sarton & Associés
Oct 11 2021 // Howden, the London-based re/insurance broker, announced the acquisition of Belgian insurance broker, Sarton & Associés. Financial terms of the deal were not disclosed. As Howden Belgium’s first acquisition, it...
J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts)
Oct 8 2021 // Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to results of the J.D. Power...
Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued
Oct 7 2021 // Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. The risk score, ranging...
Broker New Dawn Risk Group Launches Europe Subsidiary in Malta
Oct 7 2021 // New Dawn Risk Group, the London-based broker, announced the launch of its new European subsidiary, New Dawn Risk (Europe), headquartered in Malta. Like its parent company, New Dawn Risk (Europe) focuses on insurance...
Kansas’ Fee Succeeds South Carolina’s Jensen as Chair of National Big ‘I’ Agents
Oct 6 2021 // The Independent Insurance Agents & Brokers of America (the Big “I”) installed Kansas’ Bob Fee, president of Fee Insurance Group Inc. in Hutchinson, as 2021-22 Big “I” chair at the recent...
Behind the Crypto Broker Accused of Enabling Ransomware Hackers
Oct 6 2021 // A cryptocurrency broker that the Biden administration considers a key cog in the recent ransomware epidemic is legally registered in the Czech Republic but doesn’t appear to have an office there. It may be operating...
Neptune Flood Acquires Parametric Earthquake Insurance Broker Jumpstart
Oct 4 2021 // Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake policies. Terms were not disclosed. Jumpstart, a licensed surplus...
Boutique Broker McGill and Partners Launches Bermuda Operation
Oct 4 2021 // McGill and Partners, the boutique specialist re/insurance broker, is set for further expansion following regulatory approval for its Bermuda operation. The office will officially open later this month. The Bermuda office...
