Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks
Jun 15 2023 // A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it...
SEC to Weigh New Artificial-Intelligence Rules for Brokerages
Jun 15 2023 // Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The US Securities and Exchange Commission said Tuesday that a long contemplated...
People Moves: XPT Specialty names Williams VP and Broker
Jun 14 2023 // XPT Specialty names Williams VP and Broker XPT Specialty has hired Catrina Williams as vice president and broker in the commercial lines division of XPT’s Texas offices. XPT is headquartered in New York, New...
Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan
Jun 14 2023 // Private equity firm TA Associates is exploring a sale of its stake in Australian insurance broker Honan Insurance Group Pty amid interest from other potential investors, according to people familiar with the matter. TA is...
Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers
Jun 13 2023 // A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how to calculate levies on banks and other financial institutions that could add as much as 115 billion reais...
Agent in California Arrested for Falsifying Evidence And Perjury
Jun 8 2023 // Bail agent Fausto Atilano, 60, of Temecula, California, was arrested this week on multiple felony counts of falsifying judicial records, perjury, and preparing false evidence, after a California Department of Insurance...
Insurance Broker CBIZ Buys Information Security Consultant Pivot Point
Jun 6 2023 // Cleveland-based insurance and financial advisory firm CBIZ, Inc. announced that it acquired information security consulting firm, Pivot Point Security, of Hamilton, New Jersey, effective June 1, 2023. Founded in 2001, PPS...
On Point: bolt CEO Dwane on How Democratizing Distribution Benefits Insureds and Agents
Jun 5 2023 // Technology has made it easier for consumers to explore and purchase insurance on their own. While some fear this ease of access could put agents out of work, Jim Dwane, CEO of insurtech bolt, a property/casualty insurance...
Former California Agent Sentenced for Stealing $220K from Clients Including Late Art Dealer
Jun 5 2023 // John Philip Ryan, 64, of Yucca Valley, California, was sentenced and ordered to pay more than $220,000 in restitution to victims after pleading guilty to two felony counts of financial elder abuse and grand theft of...
Why Recruiter Retention Is a Problem for Insurance Agencies
Jun 5 2023 // I see a lot of turnovers in human resource (HR) departments at insurance agencies. It seems like most internal recruiters don’t last longer than two years, and the majority leave for a job outside the insurance...
After Years of Bitter Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
Jun 5 2023 // Federal officials have offered a proposal to control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays and disputes over potential environmental...
People Moves: Buffalo Agent Walsh Elected Big I New York Chair
Jun 2 2023 // Buffalo Executive Walsh Elected Big I New York Chair of the Board Insurance producer trade organization Big I New York elected Edward F. Walsh as its chair of the board for the 2023-2024 term. Walsh is chief executive...
UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group
Jun 1 2023 // The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of Companies (SRS). Founded in 2019 and based in Athens, SRS’ businesses include a...
SEC Seeks to Recover Funds from NC Insurance Agent’s Alleged Investment Scam
May 31 2023 // The U.S. Securities and Exchange Commission has asked a federal court to bar a North Carolina insurance agent and financial advisor from trading securities and to disgorge ill-gotten gains from a real estate scam,...
Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
May 30 2023 // Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later...
Arthur J. Gallagher Acquires Florida’s Ken Brown Brokerage
May 24 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said it has acquired Florida-based Insurance by Ken Brown Inc., a retail broker specializing in coverage for construction and swimming pool...
Challenges, Opportunities for Brokers in the Music Events Space
May 22 2023 // As musicians prepare for a star-studded summer of live events, the demand for performances is huge. At the same time, entertainment carriers are adjusting their appetites and underwriting parameters. Catastrophic losses at...
Former California Insurance Agent Sentenced for Stealing $220K from Clients Including Late Art Dealer
May 19 2023 // John Philip Ryan, 64, of Yucca Valley, California, was sentenced and ordered to pay more than $220,000 in restitution to victims after pleading guilty to two felony counts of financial elder abuse and grand theft of...
Acrisure Acquires Portuguese Broker Universalis
May 17 2023 // Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos –...
Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services
May 17 2023 // Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play an integral role in the development of SRG’s professional lines...
