Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Louisiana Insurance Agent Ordered to Stop Business over Alleged Failure to Remit Premiums
Dec 9 2021 // The Louisiana Department of Insurance has ordered a New Orleans insurance agent and her company to stop their insurance business after the agent allegedly failed to remit premiums she collected from clients. Vilia Ann...
Washington Insurance Agent Sentenced to 2 Years in Wire Fraud Case
Dec 9 2021 // A Snohomish, Washington, insurance agent was sentenced to two years in prison after pleading guilty to wire fraud in the theft of premium payments from clients. Vicki Boser, owner of InsuranceTek, Inc., pleaded guilty in...
Filhet-Allard Maritime Buys Majority Stake in Marine Specialist Latitude Brokers
Dec 8 2021 // Filhet-Allard Maritime, the France-based insurance broker for the commodities trading, shipping and industrial markets, has acquired a controlling stake in Latitude Brokers, a specialist marine broker based in Asia with...
Malaysia’s Malene Insurance Brokers Renamed Howden Takaful Brokers
Dec 8 2021 // Howden, the London-based international insurance broker, announced that further to its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful...
People Moves: Kentucky’s Big I; Berkshire’s Life Sciences
Dec 7 2021 // Big I of Kentucky, the association of independent insurance agents in the state, has elected Kevin Desmond as chairman. Desmond, who is president of Desmond Insurance in Bellevue, has been active on the Big I board and...
AgentSync Secures $75M at a $1.2B Unicorn Valuation to Power Growth Across the Insurance Industry
Dec 7 2021 // Trusted by the fastest growing companies in insurance, AgentSync is the first insurtech SaaS unicorn focused on building infrastructure for the $1.3T US insurance market. New funds will support customer-driven demand and...
Wholesale Brokers Look to Continue Offering Value While Addressing Talent Gap
Dec 7 2021 // The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance...
Texas Windstorm Insurance Association Committee Recommends Willis Re for Reinsurance Broker
Dec 7 2021 // The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance...
Willis Towers Watson Acquires Sydney-Based Aviation Broker Aerosure
Dec 6 2021 // Insurance broker Willis Towers Watson announced the acquisition of Aerosure, a leading aviation industry specialist, focused on the Australia, New Zealand and Pacific Island region. Aerosure, based in Sydney, will become a...
Arthur J. Gallagher Completes Minority Investment in MENA Specialist Broker ACE
Dec 6 2021 // Arthur J. Gallagher & Co. announced it has completed its 30% minority investment in Middle East & North Africa (MENA) specialist insurance broker ACE. Financial details of the deal, which was first announced in...
UK Broker Aston Lark Acquires Client Book of Choice Benefits
Dec 6 2021 // Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of the client book of UK-based Choice Benefits Ltd. Financial details of the deal were...
Brokers Report Cyber Insurers Requiring Security Steps Along With Higher Premiums
Dec 6 2021 // Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according to The Council’s...
5 Things Agents Can Do to Be Better Business Owners
Dec 2 2021 // This post is part of a series sponsored by AgentSync. Independent agents and brokers comprise an essential part of the insurance distribution pipeline, yet, these business owners and their small firms are often mavericks,...
Howden Acquires UK Specialist Broker Ross Insurance Group
Dec 2 2021 // Howden, the international re/insurance broker, announced it has acquired Ross Insurance Group, a commercial broker servicing corporate and technology clients, as it continues to invest in expertise for its UK...
High Street Acquires 27 Former Nationwide Agencies
Dec 1 2021 // Michigan-based High Street Insurance Partners reported it has acquired 27 former Nationwide exclusive insurance agencies in North Carolina, South Carolina, Pennsylvania, Tennessee and Maryland. The company said all of the...
Xenia Buys UK Trade Credit and Surety Broker, Peter Hill Credit & Financial Risks
Dec 1 2021 // The credit insurance and surety specialist, Xenia Broking Group, announced it has acquired Peter Hill Credit & Financial Risks Ltd., based in Northampton, England. Peter Hill is a leading specialist trade credit...
Howden Acquires Specialist Broker Expat Marine in Hong Kong
Dec 1 2021 // Howden, the international insurance broker, announced the acquisition of the assets of Expat Marine Ltd. (EML), a specialist insurance broker providing employee benefits and general insurance products and advice to clients...
Gallagher Completes $3.25B Purchase of Willis’ Treaty Reinsurance Brokerage Business
Dec 1 2021 // Arthur J. Gallagher & Co. announced it has completed the $3.25 billion acquisition of nearly all of the treaty reinsurance brokerage operations of Willis Towers Watson plc. Together with Gallagher’s existing...
The Liberty Company Insurance Brokers Acquires D.E.P. in California
Dec 1 2021 // The Liberty Company Insurance Brokers acquired D.E.P. Insurance Services Inc. in Huntington Beach, California. Terms of the deal were not disclosed. D.E.P. Insurance Services is owned by Don Phoenix, and has been in...
Former Iowa Insurance Agent Charged with Fraud
Nov 30 2021 // A former West Des Moines, Iowa insurance agent was recently charged with one count of insurance fraud – presenting false information, a Class D Felony. Tanya A. Schettler, age 48, was arrested on Nov. 24 and booked into...
