Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
California Insurance Agent, Unlicensed Employee Arraigned for Alleged Fraud
Oct 13 2020 // Insurance agent Brenda Cervantes, 31, of Oxnard, Calif., and unlicensed employee Edith Arellano-Quinones, 39, of Ojai, were arraigned on Tuesday on misdemeanor counts of insurance fraud after allegedly selling auto...
Private Equity Investor BP Marsh Increases Stake in EC3 Brokers
Oct 13 2020 // EC3 Brokers has received a new investment from existing shareholder BP Marsh & Partners, which will take its holding in the broker to 35%. This investment will help London-based EC3 Brokers broaden its offering and...
AmWINS, CRC and Heffernan Create Technology Alliance for Specialty Business
Oct 13 2020 // Wholesaler insurance brokers AmWINS and CRC, along with independent agency Heffernan Insurance Brokers, are the charter members of a new alliance to accelerate technology improvements in the brokerage, wholesale and...
NFP Acquires UK-Based P/C Broker Ernest R. Shaw Ltd.
Oct 12 2020 // NFP, a New York City-based insurance broker and consultant, announced the acquisition of Ernest R. Shaw Ltd. in a transaction that closed on Sept. 1, 2020. Financial details of the deal were not disclosed. ER Shaw, located...
How Pandemic, Contracts Focus Intellectual Property Insurance on Intangible Assets
Oct 9 2020 // The demand for intellectual property (IP) cover has been increasing year on year as businesses become more aware of the threat not only to their own IP, but also the potential that they may face a claim of infringement by...
Florida Homeowners Insurtech TypTap Goes National; Plans Roll-Out in 20 States
Oct 8 2020 // After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company. The technology-driven...
Hub International Acquires Ontario’s Mumby Insurance Brokers
Oct 8 2020 // Global insurance broker Hub International has acquired the property/casualty and employee benefits businesses of Mumby Insurance Brokers Inc. in Waterloo, Ontario. Terms of the transaction were not disclosed. Mumby...
Digital E&S Insurance Broker Pathpoint Makes Its Debut
Oct 8 2020 // Pathpoint, a new brokerage for excess and surplus lines, is billing itself as an all-digital wholesale brokerage built from the ground up. Pathpoint is licensed across the U.S. and is a coverholder at Lloyd’s of...
DOXA Acquires AMS Professional Liability, Allsouth Professional Liability of Florida
Oct 8 2020 // AMS Professional Liability, a wholesale broker in the state of Florida, and Allsouth Professional Liability, a brokerage specializing in professional liability insurance in the southeastern United States, have been...
Online Platform Allows Agents, Buyers to Compare, Buy Flood Insurance
Oct 8 2020 // Florida-based flood insurance agency National Flood Insurance (NFI) has backed a new online platform for consumers and agents to quote, compare, and purchase flood insurance policies from multiple flood insurance...
Howden’s Acquisition of A-Plan Group to Create One of UK’s Largest Brokers
Oct 7 2020 // The international insurance broking group Howden recently announced that it has agreed to acquire A-Plan Group, one of the UK’s largest personal and commercial lines insurance brokers. The deal promises to create one...
Hub International Limited Acquires Assets of Maryland’s Bernstein Insurance
Oct 7 2020 // Global insurance brokerage Hub International Limited has acquired the assets of Bernstein Insurance LLC. Terms of the transaction were not disclosed. Bernstein Insurance’s principal owner, Jennifer Bernstein, was...
Newfront Adds California-Based Brokers in Ag, Service and Manufacturing
Oct 7 2020 // Newfront Insurance has added a team of insurance brokers who were formerly part of Paramount Insurance in Fresno, Calif. The move reflects Newfront’s growing investment in agriculture, service and...
First Mainstreet Insurance Acquires Two Iowa Agencies
Oct 6 2020 // First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., has acquired two Iowa agencies: Brummel Madsen Insurance in Cedar Falls and The Engel Agency in Maquoketa. Brummel Madsen Insurance has been...
Wholesale Trading Insurance Services Acquires Landmark E&S in California
Oct 5 2020 // Wholesale Trading Insurance Services LLC and its parent company, Jencap, LLC, have agreed to acquire privately held Landmark E&S Insurance Brokers LLC, an Anaheim, Calif. based specialty wholesale brokerage firm. Terms...
Westland Insurance Acquires 2 Brokerage Firms in Alberta, Canada
Oct 5 2020 // Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020. Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its...
To Improve Profitability and Sales, ‘Fire’ Your Small Commercial Accounts
Oct 5 2020 // We all know about the Pareto Principle, the 80/20 rule. It also applies when analyzing the profitability and the work required for an agency’s book of business. Roughly 20% of the accounts generate 80% of the...
Hotel Sector Sees Tough Times, High Rates in Insurance Market
Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...
America’s Best Agencies To Work For
Oct 5 2020 // The votes are in for the 2020 Best Independent Insurance Agencies to Work For. While 2020 has been an unusual year for agency employees – many of whom have worked remotely for months – the pressures that have...
UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering
Oct 2 2020 // London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group. Zego will benefit from access to a community of over 700 brokers, more than 60% of...
