Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night
Apr 16 2018 // Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years...
Marsh Subsidiary Jelf to Acquire Scottish Insurance Broker Clark Thomson
Apr 12 2018 // Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The...
EPIC Holdings Names Beecher Carlson’s Denton as President
Apr 11 2018 // EPIC Insurance Brokers & Consultants announced the addition of insurance industry veteran Steve Denton as president of its parent company EPIC Holdings, Inc. reporting to EPIC Holdings CEO John Hahn. Denton will join...
Smith Brothers Insurance Purchases Assets of Connecticut’s Bailey Agencies Insurance
Apr 10 2018 // Smith Brothers Insurance LLC has purchased the assets of Bailey Agencies Insurance of Groton, Conn. Bailey was founded in 1890 by Henry Bailey to help protect families and businesses throughout the Southeastern Connecticut...
Beazley Names Bergler as Head of Broker Relations for Continental Europe
Apr 10 2018 // Specialist insurer Beazley has announced the appointment of Andreas Bergler as head of Broker Relations for Continental Europe. At the same time, the company said, Martin Fricke would succeed Bergler as head of treaty in...
Worldwide Facilities to Acquire Sullivan Group
Apr 9 2018 // Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group. Worldwide Facilities plans to acquire all of the outstanding...
BB&T Insurance to Acquire Regions Insurance Group
Apr 6 2018 // BB&T Insurance Holdings, which is owned by financial services firm BB&T Corp., has agreed to acquire another bank-owned insurance broker, Regions Insurance Group, from Regions Financial Corp. No terms were...
What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night
Apr 6 2018 // Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years...
UK-Based United Insurance Brokers Launches Colombian Retail Operation
Apr 5 2018 // London-based re/insurance broker United Insurance Brokers (UIB) has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO...
Insurance Agent Juror Says Giant $8 Billion Award Was Message to JPMorgan
Apr 5 2018 // Irelsie Alvarez said she and fellow jurors wanted to send JPMorgan Chase & Co. a message with their startling $8 billion verdict in a Dallas probate case — an award that’s destined to be reduced to no more...
Washington Commissioner Fines GEICO $30K for Raising Premiums on People Who Froze Credit Scores
Apr 4 2018 // Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations. The biggest fine was $30,000 against GEICO...
Tech-Focused Private Equity Firm Invests in Agency Tech Provider ITC
Apr 4 2018 // Texas-based ITC, a provider of websites, agency marketing, comparative rating and management software and services, announced today that it has received a majority equity investment from Accel-KKR, a technology-focused...
Illinois’ Associated Agencies Hires Bashford as Chief Operating Officer
Apr 3 2018 // Associated Agencies Inc. in Rolling Meadows, Illinois, has hired 35-year-old Talicia Bashford as chief operating officer, a newly created position. As the agency’s first COO, Bashford will focus on overall operations...
Worldwide Facilities Acquires Connecticut’s Tennant Risk Services Insurance Agency
Apr 3 2018 // Worldwide Facilities has acquired Tennant Risk Services Insurance Agency LLC. Worldwide Facilities is a Los Angeles, Calif.-headquartered, national wholesale insurance brokerage and managing general agency. Tennant Risk...
RSG Completes Acquisition of New Jersey’s New Day Underwriting Managers
Apr 3 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day was founded in 2005...
Late Broker’s Estate Sues JPMorgan Claiming Wrongful Death
Apr 2 2018 // The estate of a deceased broker filed a wrongful death lawsuit against JPMorgan Chase & Co., saying he took his life after becoming despondent because he was forced to retire. Michael A. Lorig suffered from depression...
North Carolina Insurance Dept. Adds 15 Agents to Fraud Division
Apr 2 2018 // The North Carolina Department of Insurance has expanded its criminal investigations division with the addition of 15 new special agents, according to a statement from North Carolina Insurance Commissioner Mike...
People
Apr 2 2018 // Independent insurance broker ONI Risk Partners (ONI) has hired Mike Loveless as a commercial risk adviser in ONI’s Fort Wayne, Indiana, office. Loveless most recently worked for JPMorgan Chase as a branch manager. He...
