Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agents Need E&S Markets Now, More Than Ever
Nov 15 2021 // Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must work harder and harder to find insurance coverage that meets the needs of their...
NFP Acquires Western Canada’s Foster Park Brokers Inc.
Nov 12 2021 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of the transaction, which closed on Nov. 1, 2021, were not disclosed. Foster Park...
Lloyd’s Broker MNK Re Launches Specialty Wholesale and Retail Unit
Nov 10 2021 // MNK Re Ltd., the London-headquartered Lloyd’s specialist broker, is launching MNK Re UK Specialty Ltd., to focus on UK wholesale and retail business. This new business will build out a wider category of risk...
Xenia Acquires Financial and Specialty Business of London Broker Parker Norfolk
Nov 9 2021 // Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd. The deal signals Xenia’s...
DFS Charges Miami Insurance Agent with Filing False Claim on Diamond Ring
Nov 8 2021 // Florida authorities have arrested a Miami insurance agent and his accomplice for allegedly filing $22,000 in false insurance claims on a diamond ring that was never stolen. David Abraham Jauregui was charged with insurance...
BRP Group to Acquire Wood Gutmann & Bogart Insurance Brokers
Nov 5 2021 // Subsidiaries of insurance agency partnership BRP Group have agreed to acquire substantially all of the assets of Wood Gutmann & Bogart Insurance Brokers and certain of its affiliates and related entities. Based in...
Liberty Mutual Is Moving Its 2,200 Exclusive Agents to Its New Digital Agency
Nov 5 2021 // Liberty Mutual Insurance, the nation’s sixth-largest personal lines property/casualty insurer, is planning to transition its more than 2,200 exclusive insurance agents in 200 offices across the country to working for...
AgentSync Acquires Finvera to Streamline Broker Identity and Licensing Management
Nov 4 2021 // Acquisition of identity verification platform Finvera accelerates AgentSync’s goal of being the insurance industry’s most advanced producer management system DENVER, CO, November 4, 2021 –– AgentSync, the...
AgentSync Acquires Broker ID Provider Finvera in California
Nov 4 2021 // AgentSync has acquired Finvera, a cloud identity passport for licensed brokers in San Francisco, Calif. Cameron Nordholm, founder of Finvera, joins the AgentSync team as head of product. Terms of the deal were not...
Alera Group Acquires Bagwell, One of Oldest North Carolina Agencies
Nov 1 2021 // Alera Group, a national insurance and wealth management firm, announced it has acquired 102-year-old Bagwell & Bagwell Insurance in North Carolina. Bagwell, founded in 1919, is a property and casualty agency that...
Some Florida Agents Caught Off-Guard by Boom in Solar Power
Nov 1 2021 // Florida may be known as the Sunshine State, but some insurance agents say they’ve been unprepared for the recent boom in rooftop solar power installations across the state, installations that can affect coverage,...
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
Nov 1 2021 // In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk...
Pay-Per-Mile Digital Insurer Metromile to Add More Independent Agents
Nov 1 2021 // By Andrew G. Simpson Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers...
Agency E&O Survey: More Agencies See Premiums Rise, Again
Nov 1 2021 // According to Insurance Journal’s 2021 Agency E&O survey, 58.4% of respondents saw an increase in their E&O renewal premium from 2020 to 2021, up from 50.2% in last year’s survey. And 61.8% expect...
Keystone Agency Partners Appoints Big I’s Rusbuldt as First Independent Board Member
Oct 28 2021 // Keystone Agency Partners, an independent insurance agency partnership platform, appointed insurance industry veteran Robert A. Rusbuldt as the company’s first independent board member. Rusbuldt currently serves as...
Unlicensed California Insurance Agent Arraigned in $1.4M Workers’ Comp Fraud Scheme
Oct 28 2021 // Unlicensed insurance agent Karyl Lynn Reed, 57, formerly of Cosa Mesa, Calif., was arraigned this week on multiple felony counts of grand theft, forgery, embezzlement, and aggravated white-collar crime after allegedly...
UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP
Oct 27 2021 // NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a commercial insurance broker with specialization in combined risks for complex and non-standard...
Aston Lark Acquires Birmingham Broker Bainbridge Collins
Oct 27 2021 // London-based Aston Lark reported it has acquired Bainbridge Collins Ltd., a Midlands independent insurance brokerage focused on the mid corporate sector. Led by Cyril Gallagher, Bainbridge Collins was established more than...
The Liberty Company Insurance Brokers Forms MGA Aura Risk in California
Oct 22 2021 // The Liberty Company Insurance Brokers formed a new managing general agency, Aura Risk Management, providing program administration and a wholesale trading platform for its carriers, Liberty producers, and Aura’s...
Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued
Oct 21 2021 // Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith,...
