Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Upskilling: Three Skills to Sharpen as a Seasoned Agent Who Wants More
Aug 5 2024 // Whether they own their own agency or not, an insurance producer is essentially an independent businessperson. Why? Because a producer’s income, as someone whose primary income is based on commissions, is largely up...
Tesla Registers Insurance Brokerage in China, National Corporate Database Shows
Aug 2 2024 // Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products...
Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business
Aug 1 2024 // Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental...
Confie Acquires Insurance Agencies in Texas, Florida, North Carolina
Jul 30 2024 // Confie, a California-based personal lines distributor, has acquired three insurance agencies in the South, the firm said last week. Affordable Insurance in Hendersonville, North Carolina; US1 Insurance in Miami; and...
Brown & Brown Agrees to Buy Dutch Insurance Broker, Quintes Holding B.V.
Jul 29 2024 // Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group. Brown & Brown acquired Quintes from the private investment firm Aquiline Capital...
BMS Agrees to Purchase UK Insurance Broker DR&P From Private Equity Firm Inflexion
Jul 29 2024 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P) from private equity firm Inflexion. Financial details of the deal...
Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide
Jul 25 2024 // Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions...
How California’s Homeowners Insurance Crisis Is Affecting Brokers
Jul 23 2024 // A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on...
Tropolis Acquires Three Insurance Agencies in Southeastern Michigan
Jul 23 2024 // Unity Partners, a principles-based private equity firm, and Tropolis, an Ann Arbor, Mich.-based insurance brokerage that provides property & casualty and employee benefits solutions, announced that Tropolis has...
Beef Between Wholesale and Retail Agents Should Go to Trial, Court Finds
Jul 23 2024 // A federal judge has ruled that a wholesale insurance agent’s claim against a retail agent for allegedly misrepresenting the exposure of an insured regarding violations of the federal telemarketing law should proceed...
Insurance Broker TWFG’s Shares Rise Nearly 30% in Market Debut
Jul 19 2024 // Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery. IPOs in the U.S. are...
North Carolina Man Charged With Threatening Insurance Agents Over Claim
Jul 18 2024 // First, a North Carolina man filed a claim with Farm Bureau Insurance. Then he threatened three insurance agents with violence when he wasn’t paid as much as he expected, according to state authorities and one of the...
Insurance Broker TWFG’s IPO Seeking $187 Million Gets Underway Today
Jul 18 2024 // Shares of Texas-based insurance broker TWFG, Inc. begin trading on the Nasdaq Global Select Market today under the symbol TWFG. TWFG said it expects to realize gross proceeds of $187 million and net proceeds of...
New Jersey’s US Senator Menendez Convicted of Bribery, Foreign-Agent Charges
Jul 16 2024 // US Senator Bob Menendez, the once-powerful New Jersey Democrat, was found guilty of bribery, extortion and acting as a foreign agent of Egypt after a corruption trial focused on 13 gold bars, nearly $500,000 in cash and a...
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
Jul 15 2024 // Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024...
Menendez’s Wife Hid Truth About Insurance Broker and Mercedes Benz, Lawyer Says
Jul 12 2024 // US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption...
People: Stacks Brokerage in Florida Names Bordman Commercial President
Jul 11 2024 // Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and...
New Jersey Democratic Power Broker Norcross Pleads Not Guilty to Racketeering
Jul 11 2024 // The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take over and orchestrated tax...
Insurance Broker TWFG Aims to Raise Up to $176M in IPO
Jul 10 2024 // Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million in its initial public offering in the United States. TWFG is offering 11 million shares at a price...
Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers
Jul 8 2024 // Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well...
