Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Acrisure Acquires UK Independent Brokerage Russell Scanlan
Jun 22 2022 // U.S.-based insurance broker Acrisure reports that it has acquired UK independent specialty broker Russell Scanlan in Nottingham. The deal is expected to close in the near term, pending Financial Conduct Authority (FCA)...
Agent-Focused Home Insurer Openly Closes $75 Million Funding Round
Jun 22 2022 // Boston-based Openly, an insurtech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly has responded to a...
Broker Miller Announces Hands Will Succeed Collins as CEO; Chair Clarke to Retire
Jun 21 2022 // Miller, the London-based independent specialist re/insurance broker, announced that James Hands will succeed Greg Collins as CEO of Miller. Collins will move to become chair of the Partnership Board, succeeding Graham...
Canadian Oil Brokerage Denies ‘Toxic’ Workplace Claim, Files Countersuit
Jun 20 2022 // Oil brokerage NE2 Group is hitting back at allegations that Chief Executive Officer Tim Gunn created a toxic workplace, filing an C$11 million ($8.4 million) countersuit against eight former employees who left the firm...
A Different Kind of Guard: Agent Follows NFL Offseason With Eye on Protecting Players
Jun 20 2022 // Like millions of Americans, Timothy Radcliff was glued to the NFL Draft in late April. Radcliff’s interest in the draft wasn’t predicated on which quarterback went off the board first or whether the Pittsburgh...
Future Profit Models for Insurers and Their Agent/Broker Partners
Jun 20 2022 // I read an article written by a former carrier CEO who is now a consultant and private equity backer to insurance ventures. The main point of the article was that insurtech, or any paradigm shifting insurance entity, will...
Role of the Construction Agent and Broker
Jun 20 2022 // The role of the independent agent and broker is changing along with the construction sector. Going forward, construction clients need a specialist that understands the risks. This is not a segment for generalists,...
Insurance Broker Acrisure Touches $23 Billion in Valuation After Latest Funding
Jun 20 2022 // Acrisure reports it has raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion. The company has benefited from a jump...
Lloyd’s Broker Servca Launches Malta Office to Spearhead European Expansion
Jun 16 2022 // Servca, the independent Lloyd’s broker that specializes in non-standard medical, financial and professional lines insurance, announced the opening of an office in Malta to spearhead the expansion of its European...
BMS Acquires Australian Retail Broker SRG Group
Jun 16 2022 // BMS, the London-based independent specialist insurance and reinsurance broker, announced the acquisition of SRG Group, the Australian corporate retail broker with operations in Perth and Queensland. Founded in 2005, SRG is...
Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers
Jun 15 2022 // Axis Insurance Managers, a Vancouver, Canada-based insurance broker, has completed the acquisition of BMG Aviation Ltd., which does business as BMG Insurance Brokers, effective June 1, 2022. A privately owned insurance...
Franchise Model Britely Insurance to Acquire Empire State Brokerage
Jun 14 2022 // Florida-based Britely Insurance reports it has agreed to acquire the assets of Empire State Brokerage Services, a Plainview, New York based wholesale broker operating in more than 25 states. The transaction is expected to...
King Brokerage Acquires Wurzel Agency in Florida
Jun 13 2022 // King Insurance, a brokerage based in Gainesville, Florida, has continued its steady expansion with the acquistion of The Wurzel Agency in Oveido, Florida. Wurzel has specialized in property and casualty personal lines and...
Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker
Jun 9 2022 // Howden Group Holdings said it has created the “much-needed fourth global player in the reinsurance market” with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of its offering...
People Moves: Honaker Named Senior VP at Liberty Co. Brokerage
Jun 8 2022 // The Liberty Company Insurance Brokers, based in Gainesville, Florida, has named Kevin Honaker senior vice president and producer. Honaker will stay in California, where Liberty has expanded in recent years. He has more...
Former California Insurance Broker Arraigned for Stealing Premium Payments
Jun 7 2022 // Formerly licensed insurance broker Robert Minero, 39, of Downey, California, was arraigned this week on five felony counts including insurance fraud and grand theft. The charges were filed after an investigation by the...
Johnson & Johnson to Acquire Midlands Management Corporation’s Wholesale Brokerage & Binding and Managing General Underwriting Divisions
Jun 6 2022 // Charleston, SC., June 06, 2022 – Johnson & Johnson will expand its footprint into Texas and Oklahoma by acquiring the assets of the Wholesale Brokerage & Binding and Managing General Underwriting units of...
Memo to Brokers; Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator
Jun 6 2022 // Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer...
Ex-Ohio Insurance Agent Arrested for Defrauding Customers
Jun 3 2022 // A former Ohio insurance agent was arrested June 2 on federal charges alleging he defrauded dozens of victims in the Cincinnati and Dayton area and fraudulently obtained two COVID Paycheck Protections Program loans. Seneca...
Insurance Broker Acrisure Touches $23 Billion in Valuation After Latest Funding
Jun 1 2022 // Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion. The company has benefited...
