Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Liberty Company Insurance Brokers in California Names Davis Claims Manager
Jan 10 2020 // Woodland Hills, Calif.-based the Liberty Company Insurance Brokers has named Kimaili Davis claims manager. Davis started his career with the National American Insurance Co. and has over 25 years of claims experience,...
Hub International Acquires Canada’s RHC Insurance Brokers
Jan 10 2020 // Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms of the transaction were not disclosed. Headquartered in Nelson, British...
Fastcomp Creates ‘Workers’ Comp Insurance Exchange’ for Independent Agents
Jan 10 2020 // Fastcomp, a workers’ compensation technology platform based in Boston Heights, Ohio, has introduced a proprietary Multiple Quote Automation engine for monoline workers’ comp with independent agents in mind. The...
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker
Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...
Ex-Lexington Insurance Exec Heads New National Specialty Broker One80
Jan 8 2020 // One80 Intermediaries, a national wholesale insurance broker and program manager headquartered in Boston and built through acquisitions, officially launched Tuesday, offering placement and in-house binding services for...
Big I Education Director Boggs Takes on Expanded Role in Risk Management
Jan 8 2020 // Chris Boggs, executive director of education for the Independent Insurance Agents and Brokers of America (Big I), is adding risk management to his title and responsibilities. Boggs’s new role combines his current...
Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation
Jan 7 2020 // Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated. In a Jan. 6 order, Leon County Court Judge Ronald W. Flury said the...
BGC Insurance’s Aerospace Broker Rebrands as ‘Piiq Risk’ with Spate of Key Hires
Jan 7 2020 // BGC Insurance Group (BGCI), a global broker and division of BGC Partners Inc., announced it has rebranded its global aerospace re/insurance brokerage as Piiq Risk Partners. Since the division was launched during the second...
Tysers (a.k.a. Integro) Completes Acquisition of Specialist Lloyd’s Broker RFIB
Jan 6 2020 // Integro Insurance Brokers Holdings Ltd., the parent of U.K.-based firm Integro Insurance Brokers Ltd., which trades under the Tysers brand, announced it has completed its acquisition of Risk Transfer Group (RTG), the...
New York’s Frenkel & Company Completes Transition to EPIC Brand
Jan 6 2020 // Edgewood Partners Insurance Center, which operates as EPIC Insurance Brokers and Consultants (EPIC), has announced that Frenkel & Company, a New York, N.Y.-headquartered, full-service independent insurance broker...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Arthur J. Gallagher & Co. Acquires Minority Stake in Malaysia’s SP&G Insurance Brokers
Jan 6 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker SP&G Insurance Brokers Sdn Bhd. Terms of the transaction were not...
Insurance Market Shrinking as Senior Living Industry Grows
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
Some Fire Agencies in Wisconsin Ditching Hazardous Firefighting Foam
Jan 3 2020 // Some Wisconsin fire departments have stopped using firefighting foam that contains a group of man-made chemicals that have been linked to increased cholesterol and cancer risk, among other health hazards. The Per- and...
CAA Expands in Colorado, Iowa with Addition of 5 New Members
Jan 3 2020 // Austin, Texas-based Combined Agents of America LLC (CAA) has kicked off 2020 with the addition of five new member agencies, bringing its total member count to 73. CAA is a privately held agency partner group comprised of...
New Hampshire’s The Davis Agency Joins The Northern United Agents Alliance
Jan 3 2020 // The Northern United Agents Alliance (NUAA) has announced that The Davis Agency joined the NUAA as a participating member. The Davis Agency, located in Concord, N.H., is a full-service agency founded in 2019 by Andy Davis....
U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners
Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...
Southern California Insurance Agent Arrested for Allegedly Pocketing Premiums
Jan 2 2020 // California Department of Insurance detectives on Thursday arrested insurance agent Gelinda Phann Keo, 43, on one felony count of grand theft after she allegedly pocketed a client’s insurance payment. The CDI found...
Financial Tug-Of-War Emerges Over California Fire Victims’ Settlement
Jan 2 2020 // A financial tug-of-war is emerging over the $13.5 billion that the nation’s largest utility has agreed to pay to victims of recent California wildfires, as government agencies jockey for more than half the money to...
Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent
Jan 2 2020 // Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance...
