Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Voldico Insurance, Brendanwood Financial Brokerage Form Alliance
Feb 22 2017 // Osgood, Indiana-based Voldico Insurance LLC has formed a key partnership alliance with Brendanwood Financial Brokerage LLC, the company announced. Voldico Insurance is an independent full-service property/casualty retail...
8K Louisianans Possibly Impacted by Reinsurance Broker’s Data Breach
Feb 22 2017 // The Louisiana Department of Insurance reported that a reinsurance broker contracted by the Louisiana Health Cooperative (LAHC) has experienced a data breach. As a result, former LAHC policyholder Personally Identifiable...
Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC
Feb 22 2017 // Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was...
All Risks Acquires American Management Advisors in Pennsylvania
Feb 22 2017 // All Risks Ltd., an independent wholesaler based in Hunt Valley, Md., has announced the acquisition of American Management Advisors Inc. (AMA) located in Pennsylvania. Terms of the transaction were not disclosed. Following...
How Digital Distribution Tools from IVANS Marry Agents, Carriers and Appetites
Feb 21 2017 // “Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.” Welcome to match.com for the...
People
Feb 20 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas, named Wayne H. Carter III as president of U.S. Risk Underwriters Inc., its programs group. Carter assumes senior level...
2017 Agency Salary Survey: Salaries and Total Compensation Up
Feb 20 2017 // Salaries for insurance agency management, owners, principals and producers were up in 2016. Total compensation for support staff also increased, although not by as much as they did the year before. That’s according...
Winning the War on Talent: The Value of Soft Benefits in Compensation
Feb 20 2017 // Insurance agencies that stress “soft” benefits have the upper hand in recruiting workers in today’s competitive job market. Employees are increasingly seeking out “soft” benefits in addition...
The Year After Google Compare
Feb 20 2017 // Google’s entry into insurance lead generation and aggregation worried agents and carriers. Would Google disrupt the industry as they have so many other industries? Would they short circuit research-driven consumers...
Grinnell Mutual Grows from Complacent to Dynamic
Feb 20 2017 // A mutual insurer created more than 100 years ago to reinsure farm mutual insurance companies in Iowa has grown faster in the past five years than it did during the previous 10 decades, its president and CEO says. Organized...
XS Brokers Insurance Agency Inc. Opens Second Massachusetts Office
Feb 17 2017 // XS Brokers Insurance Agency Inc., a Northeast wholesale and managing general agent (MGA) brokerage headquartered in Quincy, Mass., has announced the opening of a new office in Worcester, Mass. The firm now has four East...
Ratings Agencies Uphold Their Ratings on AIG
Feb 17 2017 // Despite American International Group’s poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor’s both have affirmed the insurer’s ratings, with a few qualifiers slipped...
Agency Organic Growth Slowed in 2016: Reagan
Feb 15 2017 // Organic revenue growth among insurance agencies and brokerage firms fell in 2016 to 4.2 percent– its lowest annual rate since 2011. The year ended on a positive note, however, as fourth-quarter organic growth...
Good and Bad of Private Equity Investment in Insurance Agencies
Feb 13 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...
Arthur J. Gallagher Acquires Lewis & Associates in California
Feb 8 2017 // Arthur J. Gallagher & Co. has acquired Lewis & Associates Insurance Brokers Inc. in Visalia, Calif. Terms of the deal were not disclosed. James Smallwood, Kevin Veitia and their associates will continue to operate...
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,...
