Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Aon Acquires India’s Anviti Insurance Brokers
Dec 14 2020 // Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending regulatory approvals. Financial...
CRC Group Appoints Koehn and Tredway as Co-Presidents of Brokerage Division
Dec 11 2020 // Nationwide wholesale insurance broker CRC Group reported that Garrett Koehn and Brent Tredway will be appointed co-presidents of the company’s Brokerage Division effective January 1, 2021. The company said Koehn and...
How Young E&S Brokers Are Navigating Today’s Market and Their Careers
Dec 9 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
PointeNorth Insurance Group Acquires 3 Southeast Insurance Agencies
Dec 7 2020 // PointeNorth Insurance Group, LLC (PNIG), a locally owned and operated independent insurance agency in the Southeast, has increased its footprint with the merger and acquisition of three insurance agencies: The Stastka...
Arizona Insurance Agent Who Kept Premiums Gets 2.5 Years in Prison
Dec 7 2020 // A Buckeye, Ariz., woman who ran an insurance brokerage firm but kept premiums her clients intended to pay for their policies has been sentenced to 2 1/2 years in state prison. The Arizona Department of Insurance announced...
Cannabis Broker Spotlight: Cuaron with OG Cannabis Got in on City Planning Early
Dec 3 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Texas Warns Agents, Brokers Insurers Against Deceptive, Misleading Health Plan Marketing
Dec 3 2020 // The Texas Department of Insurance (TDI) has issued a reminder to insurance companies, agents, and marketers of discount healthcare programs that materially misrepresenting the terms and conditions of an insurance policy or...
BMS Purchases Spanish Specialist Insurance Broker Montymarq
Dec 3 2020 // BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Mediación Iberia Correduría de Seguros y Reaseguros, S.L.U. (BMS Iberia), has acquired Montymarq Asociados Consultores y...
Travelers to Acquire Plymouth Rock’s Digital Agency InsuraMatch
Dec 3 2020 // The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after...
Broker BMS Names Pope from Guy Carpenter as Executive Chairman in Latin America
Dec 3 2020 // BMS Group, the independent specialist re/insurance broker, announced the appointment of Aidan Pope as executive chairman of its Latin American and Caribbean business, effective on Jan. 1, 2021. Pope will focus on growing...
New Independent London Broker, Ballantyne Brokers Ltd., Opens for Business
Dec 2 2020 // Ballantyne Brokers Ltd., an independent London broker, announced it has started business. Founded by veteran London market brokers, Ross Ballantyne and Richard Spragg, the leadership team also includes David Ledger, former...
The Liberty Company Insurance Brokers Adds Borkowski, Caparo Insurance Team
Dec 2 2020 // The Liberty Company Insurance Brokers has announced that Steve Borkowski and Caparo Insurance of Conshohocken, Penn., have joined the firm, becoming Liberty’s first partnership in the northeast U.S. The Liberty...
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Former Michigan Insurance Agent Sentenced to Jail for Embezzlement
Nov 30 2020 // A former Genesee County, Michigan, insurance agent has been sentenced to prison for embezzling more than $90,000 from her clients and providing them with phony home and automobile insurance certificates, according to the...
Texas Proposes Changes to Agent, Adjuster CE Requirements
Nov 25 2020 // Texas is proposing changes to continuing education (CE) requirements for agents and adjusters, and is seeking comments on the proposals. Among the CE changes proposed by the Texas Department of Insurance are: An expanded...
Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform
Nov 25 2020 // Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization of its international portfolio across the...
Crest Insurance in Arizona Adds Sunbelt’s Bouve as Commercial Broker
Nov 25 2020 // Crest Insurance Group LLC of Scottsdale, Ariz., has added Taylor Bouve as a commercial broker. Bouve has more than six years of experience in insurance. He was previously an account executive at Sunbelt Insurance Holdings...
Minnesota Fraud Bureau: Insurance Fraud Referrals Up in 2019 but not for Agents
Nov 24 2020 // While Minnesota insurance regulators saw an uptick in the number of fraud case referrals during 2019, agent and broker fraud referrals were down significantly that year, the most recent for which insurance fraud statistics...
Zywave Acquires Insurance Technologies Corporation (ITC)
Nov 24 2020 // Insurance technology provider Zywave announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of marketing, rating and management software and services to the insurance industry. Zywave...
Best Agency to Work For West: Liberty Company Insurance Brokers
Nov 24 2020 // The Liberty Company Insurance Brokers Inc. in Woodland Hills, Calif., offered the perfect Hollywood ending for founder Bill Johnson. Johnson started the brokerage fresh out of college in 1987, then took a break to get into...
