Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Keystone Agency Partners Appoints Big I’s Rusbuldt as First Independent Board Member
Oct 28 2021 // Keystone Agency Partners, an independent insurance agency partnership platform, appointed insurance industry veteran Robert A. Rusbuldt as the company’s first independent board member. Rusbuldt currently serves as...
Unlicensed California Insurance Agent Arraigned in $1.4M Workers’ Comp Fraud Scheme
Oct 28 2021 // Unlicensed insurance agent Karyl Lynn Reed, 57, formerly of Cosa Mesa, Calif., was arraigned this week on multiple felony counts of grand theft, forgery, embezzlement, and aggravated white-collar crime after allegedly...
UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP
Oct 27 2021 // NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a commercial insurance broker with specialization in combined risks for complex and non-standard...
Aston Lark Acquires Birmingham Broker Bainbridge Collins
Oct 27 2021 // London-based Aston Lark reported it has acquired Bainbridge Collins Ltd., a Midlands independent insurance brokerage focused on the mid corporate sector. Led by Cyril Gallagher, Bainbridge Collins was established more than...
The Liberty Company Insurance Brokers Forms MGA Aura Risk in California
Oct 22 2021 // The Liberty Company Insurance Brokers formed a new managing general agency, Aura Risk Management, providing program administration and a wholesale trading platform for its carriers, Liberty producers, and Aura’s...
Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued
Oct 21 2021 // Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith,...
Former Wisconsin Insurance Agent Charged with Fraud; Fined $27K
Oct 21 2021 // The Wisconsin Office of the Commissioner of Insurance (OCI) has charged former insurance agent Richard Freeland with a number of violations of insurance law related to the sale of an unsuitable life insurance policy and...
Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents
Oct 21 2021 // Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers Insurance executive to...
Pennsylvania’s The Perzel Agency Joins The Liberty Company Insurance Brokers
Oct 21 2021 // The Perzel Agency has joined The Liberty Company Network of Insurance Brokers. Based in Philadelphia, Pennsylvania, The Perzel Agency was founded more than 25 years ago by Mike Perzel, specializing in personal lines and...
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
Oct 21 2021 // In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk...
Howden Acquires Bermuda-Based Insurance Broker Foram
Oct 21 2021 // Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in Hamilton, Bermuda. Financial terms of the transaction were not disclosed. Howden to...
UK’s BMS Acquires South Korean Broker VIB, Led by Former Aon Executive
Oct 21 2021 // BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As...
Acrisure Enters Brazilian Market with Purchase of Broker It’sSeg
Oct 21 2021 // Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The...
Broker Aston Lark Announces 40th Acquisition Since 2018 Launch
Oct 20 2021 // Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in 2018 and its 24th in 2021 alone. Financial terms of the deal were not...
Arthur J. Gallagher & Co. Buys New Zealand’s Matt Jensen Insurance Brokers
Oct 19 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance Brokers Ltd. Terms of the transaction were not disclosed. Founded in 2005,...
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...
