All the headlines from our Agencies Topic Page, ordered by recency.
Mar 1 2017 // BGC Partners Inc., a London and New York-based broker serving the financial and real estate markets, announced it has completed the acquisition of Besso Insurance Group Ltd., an independent Lloyd’s of London...
Feb 28 2017 // Karl Siegfried, Senior Vice President of Loss Control & Safety Services at Portland, Maine-headquartered MEMIC Group recently spoke with Insurance Journal about the safety management team that is in place at MEMIC and...
Feb 28 2017 // The U.S. Chamber of Commerce appealed a Texas federal judge’s ruling upholding a Labor Department’s regulation aimed at putting retirement savers’ interest first on Friday, the latest salvo in the...
Feb 23 2017 // Canadian Broker Network (CBN), Canada’s network of independent insurance brokers, has appointed Mike Robinson, president and CEO, PBL Insurance Ltd., as chairman.Robinson succeeds Tim Miller, president of Capri...
Feb 22 2017 // Osgood, Indiana-based Voldico Insurance LLC has formed a key partnership alliance with Brendanwood Financial Brokerage LLC, the company announced.Voldico Insurance is an independent full-service property/casualty retail...
Feb 22 2017 // The Louisiana Department of Insurance reported that a reinsurance broker contracted by the Louisiana Health Cooperative (LAHC) has experienced a data breach.As a result, former LAHC policyholder Personally Identifiable...
Feb 22 2017 // Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business.Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was...
Feb 22 2017 // All Risks Ltd., an independent wholesaler based in Hunt Valley, Md., has announced the acquisition of American Management Advisors Inc. (AMA) located in Pennsylvania. Terms of the transaction were not disclosed.Following...
Feb 21 2017 // “Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.”Welcome to match.com for the...
Feb 20 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas, named Wayne H. Carter III as president of U.S. Risk Underwriters Inc., its programs group.Carter assumes senior level management...
Feb 20 2017 // Salaries for insurance agency management, owners, principals and producers were up in 2016.Total compensation for support staff also increased, although not by as much as they did the year before. That’s according to...
Feb 20 2017 // Insurance agencies that stress “soft” benefits have the upper hand in recruiting workers in today’s competitive job market.Employees are increasingly seeking out “soft” benefits in addition to...
Feb 20 2017 // Google’s entry into insurance lead generation and aggregation worried agents and carriers. Would Google disrupt the industry as they have so many other industries? Would they short circuit research-driven consumers...
Feb 20 2017 // A mutual insurer created more than 100 years ago to reinsure farm mutual insurance companies in Iowa has grown faster in the past five years than it did during the previous 10 decades, its president and CEO says.Organized...
Feb 17 2017 // XS Brokers Insurance Agency Inc., a Northeast wholesale and managing general agent (MGA) brokerage headquartered in Quincy, Mass., has announced the opening of a new office in Worcester, Mass.The firm now has four East...
Feb 17 2017 // Despite American International Group’s poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor’s both have affirmed the insurer’s ratings, with a few qualifiers slipped in.The...
Feb 15 2017 // Organic revenue growth among insurance agencies and brokerage firms fell in 2016 to 4.2 percent– its lowest annual rate since 2011.The year ended on a positive note, however, as fourth-quarter organic growth outpaced...
Feb 13 2017 // It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding.Although the number of...
Feb 8 2017 // Arthur J. Gallagher & Co. has acquired Lewis & Associates Insurance Brokers Inc. in Visalia, Calif.Terms of the deal were not disclosed. James Smallwood, Kevin Veitia and their associates will continue to operate...
Feb 8 2017 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons.One important reason for adopting veterans causes was explained by Glenn...