Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
NIF Group Hires Schutz as an Excess and Surplus Lines Broker in Massachusetts
Oct 24 2018 // NIF Group Inc., a New York-based wholesale broker, program administrator and managing general agency, has hired Erich A. Schutz as an excess and surplus lines broker in the East Douglas, Mass., branch office. Schutz joins...
Appalachian Underwriters Names Schnarre as Midwest External Marketing Rep
Oct 23 2018 // Appalachian Underwriters Inc. has named Nick Schnarre as external marketing representative for Illinois, Indiana and Missouri agents. He will be working remotely in the St. Louis, Missouri, area, helping agents in those...
Insurance Broker Hays Companies to Be Brown & Brown’s Biggest Acquisition
Oct 22 2018 // Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. The deal for the Minnesota-based insurance broker with $200 million in revenues marks the largest acquisition ever by...
Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
Oct 22 2018 // Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple...
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...
