Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Why the Insurance Industry Supports and Hires Veterans
Feb 8 2017 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
RIC Insurance Names Campbell Senior E&S Broker in California
Feb 7 2017 // RIC Insurance General Agency has named Travis Campbell as a senior broker to expand its excess and surplus division. Campbell will be working primarily with retail insurance agents in the California counties of Orange, San...
People
Feb 6 2017 // Hub International Northeast (Hub Northeast), a subsidiary of Hub International Limited, has promoted executive vice president and chief financial officer (CFO), Michael Sabanos, to the newly created position of chief...
Is Private Equity Investment in Insurance Agencies Always a Good Thing?
Feb 6 2017 // It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding. Although the number of...
People
Feb 6 2017 // International insurance brokerage and risk management services firm Arthur J. Gallagher & Co., based in Itasca, Ill., has promoted James W. Durkin Jr. and William F. Ziebell in its employee benefit division. Durkin,...
The Competitive Advantage: The Importance of Proper Accounting in Insurance Agencies
Feb 6 2017 // Independent insurance agencies’ accounting methods and contractual and legal requirements are unique, especially considering how lax enforcement is when all 50 states and the federal government have long-standing...
Insurance Agency M&As Reached Near Record in 2016: OPTIS
Feb 6 2017 // Mergers and acquisitions of insurance agencies last year were the second-highest ever, according to OPTIS Partners’ annual report. The OPTIS database recorded 449 deals in the U.S. and Canada in 2016, a slight dip...
Top Agency/Broker Acquirers of 2016
Feb 6 2017 // The following information from InsuranceJournal.com and other sources reflects only transactions reported publicly. One of the most active recent acquirers of agencies and brokerages is Michigan-based Acrisure. The firm,...
M&A Activity Continues at Industrious Pace: MarshBerry
Feb 6 2017 // Merger & acquisition activity in the insurance distribution space continued at an industrious pace throughout 2016, with 443 closed transactions. This was down from 456 in 2015, but still higher than previous years on...
5 Things to Consider When Writing Nonprofit Social Service Organizations
Feb 6 2017 // Nonprofit organizations come in all shapes and sizes. They are a loyal bunch, often sticking with their valued agents and brokers for years, say two insurance specialists. Sheila Shaw, senior vice president, and Brad...
Tow Truck Market Gets Hit Hard as Carriers Exit Market
Feb 6 2017 // Tow truck drivers operate in a dangerous world. Every day they face angry drivers while repossessing vehicles, dangerous driving and road conditions, near misses while operating heavy equipment, and close calls on U.S....
Minding Your Business: Trends to Exploit in 2017
Feb 6 2017 // It is a new era for our country, with President Donald Trump coming into power with the theme to “Make America Great Again.” Perhaps it is also the time to do the same for agency planning. Are there things in...
Jimcor Agencies Hires Barber to New England Office
Feb 3 2017 // Jimcor Agencies, an independent MGA/insurance wholesaler with nine offices on the East Coast, has hired R. James Barber, II, CPCU, ARM, as a brokerage commercial lines underwriter in its New England office, located in...
Cost of Insurance Is Top Factor in UK SMEs’ Buying Decisions: RSA Survey
Feb 2 2017 // The cost of insurance premiums was ranked as the top deciding factor when picking a policy by 61 percent of small and medium-sized enterprises (SMEs), according to survey data released by London-based RSA Insurance. This...
Insurance Careers Month Asks Young Insurance Professionals to ‘Spread the Word’
Feb 1 2017 // The second annual Insurance Careers Month kicks off today, Feb. 1, with organizers hoping to rally young insurance professionals around the world to “share pride in their careers and stimulate interest in the...
H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services
Jan 31 2017 // H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and...
Trump’s ‘2-for-1’ Deregulation Scheme Easier Said Than Done
Jan 31 2017 // President Donald Trump set a daunting goal for government agencies bound by complex procedures, ordering his department heads to kill two regulations for each new one they issue. The two-for-one order is “a big...
EPIC Insurance Brokers and Consultants Hires Giuditta in Connecticut
Jan 31 2017 // EPIC Insurance Brokers and Consultants, a retail property, casualty brokerage and employee benefits consultant headquartered in San Francisco, Calif., has hired Christopher J. Giuditta as a vice president. Giuditta will...
Integro Appoints Abraham and Gregory to UK Financial Institutions Group
Jan 31 2017 // International broker and risk management firm Integro Insurance Brokers announced the hiring of industry veterans Simon Abraham and Darren Gregory, who join the firm’s growing Financial Institutions group in the...
CEO and President of E&S Carrier Takes Flight Across The Country to Meet With Agents and Brokers
Jan 26 2017 // Chicago and Salt Lake City, January 26, 2017- Nothing stands between Rick J. Lindsey, CEO, Chairman and President of Prime Insurance Company, and the great agents and brokers of this country. Starting Monday, February 6,...
