Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
People Moves: Wiglesworth-Rindom Names Cathey; Liberty Brokers Promotes Baillie
Nov 22 2023 // Wiglesworth-Rindom Insurance Agency, based in Stuart, Florida, has named Linda Cathey vice president of agency operations. Cathey Cathey will oversee growth and development of the agency team. She previously was the...
Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather
Nov 20 2023 // A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property...
Making a Great Place to Work: E&S Brokers Share Their View on Talent Strategies
Nov 20 2023 // With a staggering 50% of the current insurance workforce set to retire in less than 10 years, potentially leaving more than 400,000 positions unfilled, nearly every insurance organization is struggling to recruit new...
5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues
Nov 20 2023 // Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and...
White House Proposes Transportation, Commerce Agencies Handle Space Regulations
Nov 16 2023 // The Biden administration on Wednesday released a long-awaited proposal to split regulatory powers over emerging private-sector space activities between the U.S. transportation and commerce departments, according to a draft...
Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
Nov 16 2023 // Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’...
Manhattan Real Estate Brokerages Sued for Inflating Commissions
Nov 16 2023 // A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real...
Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.
Nov 14 2023 // The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964,...
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers
Nov 14 2023 // Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and...
Travelers Webinar Focuses on Connecting Gen Z, Independent Agents
Nov 14 2023 // Members of Generation Z who have worked with insurance agents believe they are knowledgeable and help them make better choices. Nevertheless, Gen Z is under-tapped in the independent agent channel and over-indexes on...
Liberty Brokers Acquires Massabni Insurance in Maryland
Nov 8 2023 // The Liberty Company Insurance Brokers continues its growth with the acquisition of Massabni Insurance & Financial, a veteran and family-owned agency in Hyattsville, Maryland. The deal was made in partnership with...
California Insurance Agent Arraigned After Allegedly Leaving Client’s Business Uninsured
Nov 7 2023 // Licensed insurance agent Vlada Cruz, 40, of Encino, California, was arraigned on two felony counts of grand theft after a California Department of Insurance investigation found she allegedly stole over $37,000 in insurance...
Howden Acquires Peruvian Insurance Broker Contacto
Nov 6 2023 // Howden, the London-based insurance group, announced it has acquired Contacto Corredores de Seguros S.A., a market-leading insurance broker in the Peruvian market. Financial details of the deal were not disclosed. Howden...
Arthur J. Gallagher & Co. Acquires Ireland’s Keaney Insurance Brokers
Nov 6 2023 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Dublin, Ireland-based Keaney Insurance Brokers Ltd. Terms of the transaction were not disclosed. Keaney is a commercial...
Merging Producer Development and Compensation in Insurance Agencies to Cultivate Success
Nov 6 2023 // In the dynamic world of insurance, producers — commonly known as agents or brokers — stand at the intersection of client needs and the array of insurance products available. They not only drive sales but also...
Jensten Completes Acquisition of UK-Based One Broker Group
Nov 3 2023 // Jensten, the London-based independent insurance broking group, has now completed the acquisition of East Anglia, England-based One Broker Group, following approval from the UK regulator. Its largest acquisition to date,...
Howden Scotland Buys Commercial Insurance Broker Neilson Laurence & Neil
Nov 3 2023 // Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial insurance broker. Financial details of the deal were not...
South Florida P/C Insurance Agent Charged With Swiping $131,000 in Premiums
Nov 2 2023 // A south Florida insurance agent has been charged with absconding with more than $130,000 in premiums, leaving property owners uninsured after Hurricane Ian. Naser Al-Sweity, of Boca Raton, was booked into Palm Beach County...
UK’s Ardonagh Acquires Commercial Broker for SMEs in Switzerland
Nov 1 2023 // The Ardonagh Group, the London-based independent insurance distribution platform, has agreed to acquire ASSEPRO, the largest independent commercial broker for small and medium-sized enterprises (SMEs) in Switzerland, with...
Insurtech Layr Closes $10M Funding to Expand Reach for Brokerage Platform
Nov 1 2023 // Layr, an Atlanta-based insurtech that promises to digitize insurance brokerage operations, said it has raised $10 million to expand operations, marketing and functionality. “One of every four dollars in the GDP goes...
