All the headlines from our Agencies Topic Page, ordered by recency.
Jan 4 2024 // Howden, the London-based insurance group, announced the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker.Financial details of the deal were not disclosed. This acquisition reflects...
Jan 3 2024 // This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased...
Dec 28 2023 // Global brokerage business, Brokerslink, has added Consejeros y Corredores de Seguros (CONSEJEROS), a leading broker in Peru, to its growing network.Founded over 34 years ago, CONSEJEROS is a highly respected broker with a...
Dec 22 2023 // Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the...
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders.Terms...
Dec 22 2023 // The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market access for firms including banks, insurers and asset managers.Chancellor of...
Dec 20 2023 // Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands.Financial details of the transaction were...
Dec 20 2023 // This post is part of a series sponsored by InsurBanc.Independent agency principals seek loans for a variety of reasons, such as: Perpetuation or acquisition. Partner buyout. Producer development. Technology or...
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment.The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
Dec 14 2023 // Swift Joins XPT Specialty Brokerage TeamXPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift...
Dec 14 2023 // The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of directors voted to approve the association’s budget for 2024.The board also voted to keep...
Dec 13 2023 // A former North Carolina insurance agent who pleaded guilty to defrauding trucking company clients and a premium finance company of hundreds of thousands of dollars cannot challenge her sentence and restitution order, a...
Dec 13 2023 // A former Georgia insurance agent was missing Wednesday after he was charged with diverting a premium payment to his own bank account.Michael Durrell Preston Jr., 42, of Woodstock and Canton, was charged with insurance...
Dec 13 2023 // Jensten, the London-based independent insurance broking group, has acquired Scrutton Bland Insurance Brokers for an undisclosed amount.The deal brings a team of more than 50 across two additional offices and GWP of £22...
Dec 11 2023 // Miller, the London-based independent specialist re/insurance broker, announced that GIC, a global institutional investor, and Cinven, the international private equity firm, have reached an agreement for GIC to acquire...
Dec 8 2023 // Specialist Risk Group (SRG) has agreed to acquire the London-based broker CBC Partnership (CBC), subject to the necessary regulatory approvals.Financial details of the transaction were not disclosed. CBC will become...
Dec 7 2023 // The Ardonagh Group is considering refinancing its entire debt stack to help finance more acquisitions, in a deal that would rank among the largest ever for private credit.The UK insurance broker is in talks with lenders...
Dec 6 2023 // The Independent Insurance Agents of Illinois announced it will rebrand to Big I Illinois in 2024.The Illinois association’s rebranding will better reflect a name that has resonated with agents, carriers, and...
Dec 6 2023 // Denver-based insurance brokerage IMA Financial Group reports it is expanding its employee benefits practice nationally with the acquisition of EBS Insurance Brokers of Newton, Massachusetts.EBS and its 30 employees offer...
Dec 5 2023 // The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to...