All the headlines from our Agencies Topic Page, ordered by recency.
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...
Feb 7 2017 // RIC Insurance General Agency has named Travis Campbell as a senior broker to expand its excess and surplus division.Campbell will be working primarily with retail insurance agents in the California counties of Orange, San...
Feb 6 2017 // Hub International Northeast (Hub Northeast), a subsidiary of Hub International Limited, has promoted executive vice president and chief financial officer (CFO), Michael Sabanos, to the newly created position of chief...
Feb 6 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 6 2017 // International insurance brokerage and risk management services firm Arthur J. Gallagher & Co., based in Itasca, Ill., has promoted James W. Durkin Jr. and William F. Ziebell in its employee benefit division.Durkin,...
Feb 6 2017 // Independent insurance agencies’ accounting methods and contractual and legal requirements are unique, especially considering how lax enforcement is when all 50 states and the federal government have long-standing...
Feb 6 2017 // Mergers and acquisitions of insurance agencies last year were the second-highest ever, according to OPTIS Partners’ annual report. The OPTIS database recorded 449 deals in the U.S. and Canada in 2016, a slight dip...
Feb 6 2017 // The following information from InsuranceJournal.com and other sources reflects only transactions reported publicly.One of the most active recent acquirers of agencies and brokerages is Michigan-based Acrisure. The firm,...