Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Florida Insurance Agent Convicted in $6M Ponzi Scheme That Defrauded Investors
May 16 2023 // A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as...
Smart Choice Signs a Record Number of Independent Insurance Agencies
May 16 2023 // In 1Q 2023, 382 agencies partnered with the fastest growing insurance network. GREENSBORO, NC., May 16, 2023 — Smart Choice® has signed a record number of independent insurance agencies in the first quarter of 2023 with...
Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row
May 11 2023 // Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people across Europe, in the latest lawsuit to pore over clandestine staff poaching...
After Years of Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
May 8 2023 // Federal officials presented a proposal Thursday to further control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays amid disputes over potential...
Oakbridge Adds Mississippi Agency, Agents to the Family
May 8 2023 // Atlanta-based Oakbridge Insurance Agency, which has continued to expand through the partnership model with smaller agencies around the South, announced it has added new agencies and offices in Mississippi. The expansion...
People Moves: Atkins Joins XPT Specialty as VP and Wholesale Casualty Broker
May 4 2023 // Atkins Joins XPT Specialty as Vice President and Wholesale Casualty Broker Drew Atkins has joined XPT Specialty’s Texas-based operations as vice president and wholesale casualty broker. XPT is headquartered in New...
Securities Broker Robinhood’s Fight Against Fiduciary Rule Before Massachusetts Court
May 3 2023 // Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. A...
People Moves: BHSI Promotes 2 Regional Leaders for Europe, Middle East; Lockton Re Taps Guy Carpenter’s Hunter as a Senior Broker
May 2 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Lockton Re. A summary of these new hires follows here. BHSI Promotes 2 Regional Leaders for Europe,...
Markets/Coverages: WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems
May 2 2023 // WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters and brokers connect and...
Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Apr 25 2023 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation...
People Moves: Chubb Appoints Camp North America Business Development Leader; Ramsey to Lead NEXT Agent Business
Apr 24 2023 // Chubb Appoints Camp North America Business Development Leader Chubb has appointed Annmarie Camp as North America business development leader, part of the company’s North America field operations. Camp has over two...
Iowa Agent Charged With Defrauding Elderly Individuals and Insurance Companies
Apr 24 2023 // A federal grand jury in Des Moines, Iowa returned an indictment on April 19, 2023, charging a Clive man with seventeen counts of mail and wire fraud, one count of conspiracy to commit mail and wire fraud, and two counts of...
Gallagher Launches Brokerage in Japan, Led by 2 Former Marsh Execs
Apr 20 2023 // Gallagher has launched an insurance brokerage in Japan, which specializes in insurance solutions to both commercial clients and wholesale facultative insurance to other brokers. The Japanese unit is led by two former Marsh...
BMS to Acquire Australian Broker Western United Financial Services
Apr 20 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have...
New Federal Mandates Won’t Impact Premium Finance Transactions: Big I
Apr 17 2023 // The Consumer Financial Protection Bureau recently issued a final rule as part of the Dodd-Frank Act, and thanks to the lobbying efforts of the Independent Insurance Agents & Brokers of America (Big “I”) and...
What Young Agents Want
Apr 17 2023 // This issue of Insurance Journal features exclusive results from the 2023 Young Agents Survey where young agents nationwide shared their views on the insurance industry and their experiences as agents. (See page 32 for the...
