Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect
Mar 4 2020 // H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA that specializes in commercial property, casualty, financial lines and marine across the...
Texas Insurer Hallmark Financial Exiting Binding Primary Commercial Auto Business
Mar 3 2020 // Citing loss development for prior underwriting years, Dallas-based specialty property/casualty insurer Hallmark Financial Services Inc., is exiting its Binding Primary Auto business. The commercial auto product the company...
Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform
Mar 2 2020 // Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation underwriting platform for high-volume specialty products. The...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
Insurtech: It’s not Just for Carriers Anymore
Feb 28 2020 // Until recently, insurtech not only was perceived as a competitive threat to independent agents, there was little startup activity dedicated to tackling the operational needs of insurance agents and brokers. That’s...
The Hagar Group, Bruening Insurance Agency Join Renaissance Alliance in Florida
Feb 28 2020 // Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added two new independent insurance agencies to its Florida network. The new agencies include Bruening Insurance Agency...
Cannabis Power Brokers Tackle Five Pressing Insurance Questions
Feb 27 2020 // The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key...
Time Is Now for Agents to Address Privacy of Customer Data
Feb 27 2020 // New regulations, insurer pressure and growing consumer alarm about online security will force agents to act this year to protect their data from unfettered use by third-party vendors. The NAIC Insurance Data Security Model...
Windhaven Insurance Ceasing Operations, Assets to be Auctioned Off
Feb 27 2020 // Auto and home insurer Windhaven Insurance has alerted its agents and employees in Florida that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and...
Broker Investor Group Selects 12 Insurtechs for First Cohort
Feb 27 2020 // BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week...
NFP Rebrands Canadian Brokerages Under NFP Name
Feb 25 2020 // Insurance broker NFP Canada Corp. (NFP) announced that several of its Canadian insurance brokerages are adopting the NFP business name in each of the provinces and territories of Canada, where permitted by law. They...
Specialty Broker Shares Thoughts on Today’s Marina Market
Feb 24 2020 // Barbara Galgiani has spent her entire career specializing in both recreational and commercial marine industry – marinas, boat yards, hospitality, excursion boats and marine contractors. Roughly 90% of her revenue...
Cultivating Your Career by Playing to Your Strengths
Feb 24 2020 // How satisfied do you feel at your job? If you’re not ranking where you want to be with your insurance brokerage, the answer is likely “not very.” Job satisfaction is closely tied to opportunities for...
Finding the right balance: Time to get creative with comp
Feb 24 2020 // What makes employees happy at work? Is it pay? Is it benefits? Culture, leadership or employee development opportunities? In today’s competitive insurance job market, it’s all of those and more. Employee...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 24 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Why Small Agencies Struggle to Hire New Producers
Feb 24 2020 // It’s hard to find a needle in a haystack, unless you know what you are looking for The very best agencies that are committed to hiring new producers, who have senior leaders dedicated to recruiting, a bevy of...
New Rules Open Doors for Licensing Military Spouses as Surplus Lines Agents in Texas
Feb 24 2020 // Texas has increased the eligibility of military spouses to be licensed as a surplus lines agent in the state, according to the Surplus Lines Stamping Office of Texas (SLTX). Under new rules adopted by the Texas Department...
Idaho Insurance Agent Sentenced for Mishandling Funds
Feb 21 2020 // A licensed insurance producer from Emmett, Idaho, has been sentenced for misappropriation of fiduciary funds. Casandara H. Aune admitted to receiving cash for a client’s premium payment but reportedly did not apply...
Cannabis Insurance Group Expands Coverages, Adds Managing General Agent
Feb 20 2020 // Garnet Underwriting Managers (GUM), the managing general underwriter assigned to manage Garnet Casualty Insurance Corporation, has signed its first managing general agent, Conway E&S of Warrendale, Penn. This is a step...
BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany
Feb 20 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer & Broker Engagement in Germany. Weinmann comes to BHSI with more than 20 years...
