Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
2017 Yields Highest Recorded Number of Announced Deals: MarshBerry
Feb 5 2018 // The number of announced U.S. insurance broker deals in 2017 was the highest in recorded history, at 536. This year also had the highest number of deals closed in the fourth quarter since 2012 (when the capital gain tax...
Insurance Agency M&As Soared 31% in 2017: OPTIS
Feb 5 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
Why Independent Agents Remain Alive and Well
Feb 5 2018 // When I began my career as a journalist covering the insurance industry back in 1981, many of my early stories reported on dire warnings in a series of studies and expert pronouncements predicting the imminent demise of the...
Bringing the Next Generation into the Fold
Feb 5 2018 // Time and again, I hear that our industry lacks young talent. I read that millennials are entitled, and I watch people characterize insurance agencies as dull. I beg to differ with it all. I wasn’t always as...
People
Feb 5 2018 // CAL Insurance & Associates Inc. has added Elian Boukhalil as an account manager. Boukhalil will work within CAL’s affluent families division. She was previously an intern with Publiscreen Online. Before that she...
People
Feb 5 2018 // Strategic Insurance Agency Alliance (SIAA), a Hampton, N.H.-based alliance of independent insurance agencies in the U.S., has hired Lizah Carey as a business insurance development specialist for its Business Insurance...
Smart Choice Network Added 1,160 Agencies in 2017
Feb 1 2018 // While insurance agency mergers and acquisitions soared by more than 30 percent in 2017, so did agency partnerships for one nationwide network. Smart Choice, a national network of insurance agencies, reports it grew by...
Worldwide Broker Network Names Gambonini as Global P/C Consultant
Jan 31 2018 // The Worldwide Broker Network (WBN) announced the appointment of Antoinette “Toni” Gambonini as global property & casualty consultant. In this role, Gambonini will work with WBN member companies on six...
ARC, FAIA to Offer Parametric StormPeace Coverage to Florida Member Agents
Jan 31 2018 // The Florida Association of Insurance Agents (FAIA) and Assured Risk Cover (ARC) have formed an agreement that grants FAIA member agents access to the StormPeace parametric insurance product that pays out-of-pocket expenses...
China Seeks to Broker Sale of a Stake in Anbang Insurance: Sources
Jan 30 2018 // China’s government, which has been probing alleged financial wrongdoing at Anbang Insurance Group Co., is seeking to broker the sale of a stake in the insurer, people with knowledge of the matter said. Central Huijin...
Chubb Launches Agency Management & Agency Underwriting Unit in Singapore
Jan 29 2018 // Chubb announced the launch of a new Agency Management and Underwriting unit in Singapore. This dedicated unit will manage the strategic growth of the agency distribution channel as well as its specific underwriting and...
Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power
Jan 26 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
Startup Neptune Offering Digital Private Flood Product to Agents, Carriers in Nationwide Expansion
Jan 25 2018 // A digital startup private flood insurance provider, Neptune Flood, has secured $2 million in seed round funding and has plans to “aggressively expand” nationwide by offering its platform to carriers, agencies...
Atlas General Insurance Services Continues to Expand Commercial Footprint
Jan 25 2018 // San Diego, CA, January 25, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today that they are now working with over 50 carrier partners. Atlas,...
Florida Agents March on State Capitol in Lawmaker Push to Reform AOB
Jan 25 2018 // More than 125 insurance agents from across Florida, along with members of the Consumer Protection Coalition (CPC), march to the Florida Capitol on Wednesday to highlight the need for Assignment of Benefits (AOB) reform....
Oklahoma City Agencies, Universal Insurance and Ledbetter, Merge
Jan 24 2018 // Universal Insurance Agency, a First United company, has merged with Ledbetter Insurance Agency LLC. Both companies are located in Oklahoma City. According to the joint announcement from the firms, the merger creates one of...
Risk Strategies Acquires Ohio’s Benefits Network Insurance Agency
Jan 24 2018 // Risk Strategies Co., a privately held national insurance brokerage and risk management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist brokerage focused on the development of employee benefits...
Worldwide Broker Network Appoints CEO of Mojumdar & Co. as New Board Member
Jan 24 2018 // The Worldwide Broker Network (WBN) announced the appointment of Larry Mojumdar, CEO of Mojumdar & Co. Ltd., of Tokyo, to its board of directors. Mojumdar & Co. was established in 1955 in Tokyo. The company sells...
Professional Liability Insurance Brokerage, Gemini Risk, Launched in Michigan
Jan 23 2018 // Experienced lawyers and insurance professionals David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will...
Hub International Caught Up in $42M Lawsuit by South Carolina School District
Jan 22 2018 // A South Carolina school district has sued an insurance brokerage and several insurance companies, saying the district was sold excessive policies and charged too much. The Berkeley County School District filed suit in U.S....
