Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Massachusetts’ Sayata Labs Hires King Flynn as Head of Insurance
Jan 22 2020 // King Flynn has joined Sayata Labs, a Boston, Mass.-based, Axa-backed insurtech startup, as head of Insurance. Sayata helps insurance carriers and brokers accelerate their mid-market cyber business while simultaneously...
Former Iowa Agent Sentenced to Federal Prison for Fraud
Jan 22 2020 // A Muscatine, Iowa, insurance agent has been sentenced to 18 months in federal prison for wire and mail fraud. Federal prosecutors for Iowa said that Ashley Erin Murphy Schneider, 37, was sentenced Thursday in...
Alabama Agencies Ordered to Pay $540K in Back Wages to Disabled Workers
Jan 21 2020 // A recycling center that employs adults with intellectual disabilities in Alabama should have paid hundreds of thousands of dollars to its workers, federal labor officials said. The U.S. Department of Labor recently...
Wolf Promoted to President of Big I Advantage, Replacing Departing Buse
Jan 21 2020 // Mark Steven Wolf is the new leader of Big I Advantage, replacing Paul Buse who is moving on after more than 21 years with the company. Wolf is now president of Big I Advantage, IIAA Agency Administrative Services, IIAA...
New Minority-Led Broker Protecdiv Shoots for $100M Within 5 Years, Record Diversity
Jan 21 2020 // A minority-led insurance and reinsurance broker has launched with ambitious goals of achieving $100 million in revenue within five years and having the most diverse workforce in the industry. Protecdiv, based in...
Catapult Insurance Promotes King, Adds Fisher to Executive Team in Dallas
Jan 17 2020 // Catapult Insurance Solutions, a privately held managing general insurance agency and wholesale brokerage based in Dallas, has promoted Becky King to vice president of Underwriting and product manager, and added Steve...
Keystone Signs Minnesota Agencies Cartier, Moores Insurance Management
Jan 16 2020 // Keystone Insurers Group (Keystone) has signed on two new pioneer partners in Minnesota: Cartier Agency of Duluth and Moores Insurance Management of St. Paul. The agency partnership group said the signing of the two new...
Renaissance Alliance Insurance Services Adds Five New Agencies to Its Network
Jan 16 2020 // Renaissance Alliance Insurance Services, a national membership alliance for independent insurance agencies, has announced that five independent insurance agencies joined its network. New member agencies are in...
Santarelli to Head Maryland’s Newly Formed Wye River Insurance Brokerage
Jan 15 2020 // Wye River Insurance, based in Baltimore, Md., has announced leadership appointments for the newly-formed insurance brokerage serving real estate and construction professionals in the multifamily industry. Long-time...
Captive Insurance Agents Turning Independent: How to Choose New Software
Jan 15 2020 // There’s a storm brewing for many captive insurance agencies and their agents, and that storm may be lengthy. As an example, Nationwide is one of a number of captive insurance companies actively converting their...
U.K. Broker Tysers Invests in Bermuda-Based MGA, Helix Underwriting Partners
Jan 15 2020 // Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd. “As we enter the 200th year...
2019 Agents of the Year
Jan 13 2020 // Welcome to Insurance Journal’s Agents of the Year report. This report features 20 agents who define what it means to be a successful independent agent today. These agents are more than top sellers. While they have...
Arthur J. Gallagher & Co. Takes 100% Stake in Capsicum Reinsurance Brokers
Jan 13 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it increased its stake in Capsicum Reinsurance Brokers from 33% to 100%, effective Jan. 1, 2020. Financial details of the transaction were...
Gallagher Buys 60% Stake in Caribbean-Based Broker, Risk Management Services Ltd.
Jan 13 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired a 60% interest in Caribbean insurance broker Risk Management Services Ltd. (RMS). Terms of the transaction were not...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Industry Trends to Exploit for 2020
Jan 13 2020 // The insurance industry is so intertwined into the economy and society, that just about any noticeable change in either will have some impact for the insurance industry. That is why it is imperative for agency owners to...
How Technology Can Transform the Way Agencies Sell and Service Commercial Lines
Jan 13 2020 // Consumers are embracing digital purchasing habits, and that is creating new challenges for independent insurance agencies. At first these were only seen on the personal lines side of the business — in the forms of...
Southern California Insurance Agent Arrested for Allegedly Pocketing Premiums
Jan 13 2020 // California Department of Insurance detectives in early January arrested insurance agent Gelinda Phann Keo, 43, on one felony count of grand theft after she allegedly pocketed a client’s insurance payment. The CDI...
California Agent Sentenced for Stealing $174K in Premiums from Truck Drivers
Jan 10 2020 // Connie Free, 34, of Moreno Valley, Calif., was sentenced this week to 22 felony counts and one misdemeanor count including grand theft and forgery after reportedly stealing at least $174,000 in insurance premiums from 11...
California Commissioner Adds to Curriculum Board, CIGA Board
Jan 10 2020 // California Insurance Commissioner Ricardo Lara this week announced his appointments of the newest members to the Curriculum Board and the California Insurance Guarantee Association Board of Governors. The Curriculum Board...
