Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland
Oct 1 2024 // Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain...
Insurance Journal Academy Partners with the Big ‘I’ to Offer Discounted Access to Training Courses
Oct 1 2024 // Partnership will offer Big ‘I’ members and state associations one-hour insurance training modules. October 1, 2024—The Big “I” is pleased to announce a strategic partnership with the Insurance...
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Oct 1 2024 // Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was...
Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal
Oct 1 2024 // Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and...
Canada’s Axis Insurance Acquires P/C Broker Baker Insurance
Sep 27 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not...
75% of Independent Agencies Report Revenue Gains From 2022-23
Sep 27 2024 // Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during...
From Architects to Agents: Skiados Hired as PIA Chief Executive
Sep 24 2024 // The National Association of Professional Insurance Agents (PIA) named Michael Skiados as CEO following an extensive search process. He will join the organization on October 15. “Mike’s ability to transform the...
A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage
Sep 24 2024 // A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty,...
Lockton Gets Regulatory Approval to Operate Reinsurance Brokerage in Colombia
Sep 19 2024 // Lockton, the Kansas City, Missouri-based insurance brokerage firm, announced it has received regulatory approval to operate a reinsurance brokerage business in Colombia. “Lockton’s continued growth in Latin...
McGowan Owner Jackson Takes Reins as Big ‘I’ Chairman
Sep 16 2024 // Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of...
Young Brokers Share a Few Keys to Success
Sep 16 2024 // Finding success in the excess and surplus lines sector means building relationships, finding a specialty, putting in the work and getting creative in both hard and soft market cycles, young wholesalers...
A Fresh Take on Commission: Envisioning a System That Supports the Agent, Carrier and Consumer
Sep 16 2024 // I confess that for a guy who has made his living largely on commissions for decades, I don’t like the concept. It’s not that I don’t like getting paid — I do — but I find the commission system...
‘No’ Is Not an Option for E&S Brokers Managing Busy Times – Young E&S Pros Share Views on Surplus Lines
Sep 16 2024 // Wholesale insurance teams are up for a challenge, and they need to be. Rising rates, shrinking appetites, hurricanes, wildfires and increased demand mean those working in the excess and surplus (E&S) sector are facing...
Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents
Sep 10 2024 // Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents...
Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine
Sep 9 2024 // Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia Ukraine conflict, Aon and Marsh McLennan are jointly calling for their...
People Moves: CRC Group Adds Broker, Underwriter in Georgia, Tennessee
Sep 4 2024 // CRC Group, a wholesale specialty insurance distributor with headquarters in Birmingham, Alabama, has added new faces to its team in the Southeast. Rector Sam Rector joined the Nashville office as a broker. He has spent...
Ascend Unveils Direct Bill Automation Solution for Insurance Brokers
Sep 4 2024 // Introducing the Only Comprehensive Platform for Agency Accounting Operations San Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is...
SEC’s WhatsApp Probe Expands as Rating Agencies Hit With Fines
Sep 4 2024 // Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from...
Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024
Sep 2 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during...
Small Contractors Are Often Unaware of Risk Issues They Face. An Agent’s Expertise Can Help with That.
Sep 2 2024 // We had some work done on our home recently and the contractor wasn’t what I was expecting. When I spoke with the GC (General Contractor), he told me that his sub (contractor) would be at my house, working on some...
