Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Boston Insurance Brokerage Appoints Driscoll as CEO
Sep 25 2020 // Boston Insurance Brokerage LLC (BIB) has appointed Keith Driscoll as CEO. Driscoll has been a member of the BIB team since 2013, beginning as vice president of the Workers’ Compensation Division before being promoted...
What Distinguishes This Market? Here’s Lockton Re Leaders’ Insights
Sep 24 2020 // Lockton Re’s Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. Like many in the reinsurance business, they agree no two hard markets are exactly the same. For...
The Liberty Company Insurance Brokers Adds Borchardt in California
Sep 24 2020 // The Liberty Company Insurance Brokers has named Sean Borchardt a partner in the Woodland Hills, Calif., office. Borchardt has more than 15 years of experience. He previously has held positions at Gallagher, Relations...
Independent Brokers Will Remain Competitive by Adding Value to the Value Chain
Sep 23 2020 // The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser, chairman of AFL Insurance Brokers, a London-based independent broker. Indeed, Esser said, the...
Lockton Partners with Michigan Minority Enterprise Brokerage, Birwood Services Group
Sep 21 2020 // Lockton has formed a strategic alliance with Birwood Services Group, a Detroit-based certified minority business enterprise (MBE) insurance brokerage. Lockton’s alliance with Birwood is part of the company’s...
Producer Heroes
Sep 21 2020 // I received a nice email from a reader asking me to write about how important it is to support good producers and how good producers should be heroes rather than grouping all producers as anti-heroes. He provided the...
Time to Rethink Your Account Manager Recruiting Strategies
Sep 21 2020 // Year after year I have found that insurance agencies spend 60% of their recruiting activity on account management hires. This far overshadows the combined time spent hiring producers, managers and executives. With such a...
Questions to Ask Before Starting an Independent Agency
Sep 21 2020 // In the most recent Closing Quote in Insurance Journal, I wrote about why I believe this is the best time in history for entrepreneurial agents to create a new independent insurance agency. My reasons include lower costs,...
Agents Warned of ‘Creative’ Attorneys and COVID-19 Lawsuits
Sep 21 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
High Street Insurance Partners Adds Two Partner Agencies to Portfolio
Sep 18 2020 // Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group...
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Louisiana Insurance Agents Get C&D Orders for Alleged Misappropriated Premiums
Sep 18 2020 // Two St. Martin Parish, Louisiana, insurance producers have been hit with Cease and Desist Orders and fines for allegedly misappropriating premium funds, Louisiana Department of Insurance (LDI) reported. The department said...
Cannabis Broker Spotlight: Mark Edwards’ Jackson Paired a Passion for Cannabis with Financial Acumen
Sep 17 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Baird Joins WSS’ Houston Surplus Lines as Sr. Broker/Underwriter
Sep 16 2020 // Western Security Surplus (WSS), a part of XPT Partners, has hired industry veteran Suzy Baird as senior broker/underwriter with Houston Surplus Lines (HSL), a division of WSS. Baird is based out of the WSS Houston...
Keystone Agency Investors Acquires 4 Missouri Agencies, Forms Midwest Risk Partners
Sep 16 2020 // Keystone Agency Investors (KAI), a new strategic partnership formed by Keystone Insurers Group and Bain Capital Credit, has acquired four St. Louis, Missouri-based insurance agencies, which together will form Midwest Risk...
NFP Rebrands UK, Ireland Brokerages Under Its NFP Corporate Name
Sep 16 2020 // Insurance broker and consultant NFP is rebranding all of its European brokerages under its corporate name. The New York-based firm said that Mackenzie Taylor Benefits Consultants Limited, Linkfield Corporate Solutions...
OneBeacon Acquires International Bond & Marine Brokerage
Sep 15 2020 // OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage, Ltd., a privately held brokerage and risk management firm specializing in the international trade markets. IB&M will retain its...
Associated Agencies Acquires The Bensman Group in Illinois
Sep 15 2020 // Associated Agencies Inc., a privately held insurance and risk management firm based in Rolling Meadows, Ill., has acquired Bensman Risk Management Inc. and Bensman Associates Ltd. (The Bensman Group), a Bannockburn,...
Louisiana Says Agent Took Premiums but Didn’t Place Insurance
Sep 15 2020 // A Lafayette Parish, Louisiana, insurance producer has been issued a cease and desist order, a license revocation, summary suspension and a fine for allegedly misappropriating premium funds, according to the Louisiana...
Foresight’s Tech-Driven Workers Compensation Program Breaks New Ground
Sep 15 2020 // Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle market San Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated...
