Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Thousands of New Independent Agencies Opened During the Pandemic: Study
Oct 13 2022 // The number of independent insurance agencies has increased and business conditions for agencies remain favorable, according to the 2022 Agency Universe Study. While the majority of agencies experienced increased revenue,...
People Moves: PEMCO Adds Sipes in Washington; Fernandez Named to Professional Independent Insurance Agents of Colorado Board
Oct 13 2022 // PEMCO Mutual Insurance has welcomed Heather Sipes to the Seattle, Washington-based insurer’s marketing communications as a communications manager. Sipes has more than11 years of experience in marketing...
World Insurance Acquires 3 Agencies in Northeast
Oct 6 2022 // Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New...
After Ian Swamped His Office and Home, Florida Insurance Agent Picking Up the Pieces
Oct 6 2022 // John Gardner this week found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no internet, but with hundreds of policyholders clamoring to file claims. And...
Howden Acquires French Marine Insurance Broker Seasecure Group
Oct 5 2022 // Howden, the London-based insurance broker, announced it has acquired Seasecure Group, the last remaining independent marine broker in France. Seasecure Group is one of France’s largest marine and cargo insurance...
Keystone to Add Bainswest Agencies in Oklahoma, Missouri
Oct 5 2022 // Keystone welcomed a group of Bainswest agencies from Oklahoma and Missouri to its network of growing agencies across the nation, effective January 1, 2023. Bainswest formed in Tulsa, OK in 1994. Bainswest ranks No. 18 in...
Ariel Re Obtains Approval to Launch Managing Agent at Lloyd’s
Oct 5 2022 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a managing agent at Lloyd’s of London. The new managing agency, Ariel Re Managing Agency (ARMA),...
Auto-Owners, Erie, Cincinnati, Hartford, Hanover Tops in Agents’ Satisfaction: J.D. Power
Oct 4 2022 // Despite near constant disruption from the twin forces of digital transformation and economic uncertainty, independent insurance agents have never been more satisfied with their carrier partners. According to the J.D. Power...
Ardonagh Europe Completes Acquisition of Dutch Broker Léons Group
Oct 4 2022 // Ardonagh Europe Ltd., a subsidiary of The Ardonagh Group, announced that it has completed the acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the...
America’s Best Independent Agencies to Work For
Oct 3 2022 // The votes are in for the 2022 Best Independent Insurance Agency to Work For survey by Insurance Journal. Employees in 2022 highlighted the importance of competitive salaries, employee benefits, training and education,...
‘Best Practices’ Agencies Tout Record Highs in Organic Growth, Profitability: Study
Oct 3 2022 // As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best...
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Sep 30 2022 // Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022,...
Big I’s Symington Promoted to EVP Before Taking Over as CEO Next Year
Sep 29 2022 // Charles Symington has been appointed to the role of executive vice president at the Independent Insurance Agents & Brokers of America (the Big I), effective Oct. 1. Symington joined the Big I in 2004 on the government...
California Cites Home Health Agencies $2M for Misclassifying 66 Workers
Sep 29 2022 // The California Labor Commissioner’s Office cited Angel Connection Nursing Care and Angel Connection Nursing Services for improperly misclassifying 66 home health care workers as independent contractors. Investigators...
Unlicensed Louisiana Agent Arrested for Insurance Fraud
Sep 28 2022 // In June 2021, Troopers from Louisiana State Police Insurance Fraud/Auto Theft Unit New Orleans Field Office (LSP-IFAT-NFO) began an investigation into a Marrero business providing fraudulent insurance policies. Troopers...
Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
Sep 28 2022 // Acrisure, the fintech company that operates a top-10 global insurance broker, announced it had acquired CRK Commercial Insurance Services Ltd., the specialist commercial schemes provider. Financial details of the deal,...
Big ‘I’ and Reagan Consulting Release 2022 Best Practices Study Results
Sep 23 2022 // As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best...
Colorado Insurance Agencies RSS and DLP form Conexus Insurance Partners
Sep 23 2022 // Westminster insurance agencies RSS Insurance Services and Day Larsen Pedersen Insurance have merged into one, local independent insurance agency serving the Colorado community. The firms are now Conexus Insurance Partners....
PCF Insurance Buys Peak Performance Brokerage, its 112th Acquisition This Year
Sep 22 2022 // PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and insurance packages to automobile dealers in the United States. PPT, headquartered in...
Big I President & CEO Rusbuldt to Retire Next Year
Sep 19 2022 // The longest tenured top executive of the Independent Insurance Agents & Brokers of America (Big I) has decided to step down. Bob Rusbuldt, who has been the CEO of Big I since 2001, informed the association’s...
