Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
To Insure Cyber or Not to Insure Cyber: Cautions and Caveats for Carriers
Oct 22 2018 // While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in...
Merchants Insurance Group’s Winkworth Named to Agents Council for Technology
Oct 19 2018 // Merchants Insurance Group Customer Experience Lead Ginny Winkworth has been named as co-chair of the Customer Experience Work Group of the Agents Council for Technology (ACT), a program of the Independent Insurance Agents...
Gallagher Acquires UK Commercial Broker Portmore
Oct 18 2018 // Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the...
Glen Mulready, Candidate for Oklahoma Insurance Commissioner
Oct 18 2018 // Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be...
EPIC Insurance Brokers Adds Harnetiaux in California
Oct 18 2018 // EPIC Insurance Brokers and Consultants has named Kevin Harnetiaux senior vice president and chief operating officer of EPIC’s Sacramento, Cailf. Region, including Gold River, Calif., and Reno, Nev. Harnetiaux joins...
Google Invests in Insurance Agency Software Firm Applied Systems
Oct 17 2018 // Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made...
Brokerslink Names Fonseca, MDS Group’s CEO, as Chairman, Replacing Allard
Oct 16 2018 // Global broking network Brokerslink announced it has appointed José Manuel Fonseca as its new chairman, replacing Grégory Allard, who steps down after a two-year tenure. As one of the original founders of Brokerslink,...
Kimberly Fobbs, Candidate for Oklahoma Insurance Commissioner
Oct 16 2018 // Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be...
Worldwide Facilities Restructures; Promotes Stuckman, Haldeman to President Roles
Oct 16 2018 // National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and...
People
Oct 15 2018 // EPIC Insurance Brokers and Consultants has tapped Josh Close as client services coordinator in the firm’s Birmingham, Ala.-based national energy construction practice, reporting to EPIC Principal Brian Tanner. Close...
Chicago Insurance Agent Pleads Guilty to Federal, State Tax Evasion
Oct 15 2018 // A Chicago insurance agent has pleaded guilty to failing to pay federal and state taxes on more than $4.7 million in income earned over a decade, according to federal prosecutors. The office of the United States Attorney...
Report: Confusion in Wisconsin Refinery Blast Evacuation Caused by Social Media
Oct 15 2018 // Social media caused confusion during evacuation efforts following a refinery explosion and fire in Wisconsin, according to a report. Douglas County created an 18-page report examining the emergency response to the Husky...
Insurtech Partnerships: What Insurers Want and Get
Oct 15 2018 // Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s...
Supply and Demand Keeping M&A Market Active
Oct 15 2018 // In the first two quarters of 2018, we saw continued high levels of merger and acquisition (M&A) activity. There were 252 announced deals through June 30, 2018. Those deals were spread over a vast universe of buyers...
Insurtech Jumpstart Rolls out Parametric Earthquake Product for Californians
Oct 15 2018 // A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date. Jumpstart Insurance...
People
Oct 15 2018 // Stone Creek Insurance Agency is expanding its Spokane, Wash. presence with the addition of four new employees. San Francisco Bay Area-based Stone Creek launched its Spokane office in February. Charles Hook has been named...
People
Oct 15 2018 // Wholesale insurance services firm, Midlands Management Corp., headquartered in Oklahoma City, appointed Mark Sullivan as leader of its Transportation team. He is based in Dallas. Sullivan joined Midlands in 2010 as an...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Berlin Insurtech Startup Simplesurance Sets Sights on U.S. for Future Expansion
Oct 12 2018 // Simplesurance founder and CEO Robin von Hein sat down last year with Insurance Journal’s sister publication, Carrier Management, to discuss the company’s strategy. Based on the edge of Berlin’s trendy...
Canadian Broker Network Appoints Kemp, Co-President of CapriCMW, as Chairman
Oct 12 2018 // Canadian Broker Network(CBN), the Toronto-based network of independent insurance brokers, has appointed Andrew Kemp, co-president, CapriCMW Insurance Services Ltd., as the next CBN chairman. He succeeds Mike Robinson,...
