Latest Agencies Headlines

All the headlines from our Agencies Topic Page, ordered by recency.

AHT Insurance Acquires Mason & Mason Insurance

Jul 16 2020 // AHT Insurance has acquired Mason & Mason Insurance.Mason’s offices in Whitman, Mass., located near Boston, and North Conway, N.H., will become AHT’s eighth and ninth locations nationally. Mason’s...

Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic

Jul 16 2020 // The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the insurance broker merger and acquisition (M&A) market has remained active even as the...

P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis

Jul 15 2020 // There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019, according to a report from OPTIS Partners. It was the lowest six-month period total since...

iGUARANTEE™ Launches New Bail Bonds Software Platform

Jul 15 2020 // Burlington, NC, July 15, 2020 – Built on the backbone of 20 years combined programming experience, 13 years of Surety Bonding knowledge, 30 years of Sales and Marketing expertise, and more than 15 years of UX / UI...

The Liberty Company Insurance Brokers Adds Kramer in Atlanta

Jul 15 2020 // The Liberty Company Insurance Brokers has hired William Kramer to the firm’s Employee Benefits Division. Larry Kramer Kramer has been in the insurance industry for over 20 years working on both the retail and carrier...

Iowa’s First Mainstreet Insurance Acquires 3 New Agencies

Jul 14 2020 // Cedar Rapids, Iowa-based First MainStreet Insurance (FMSI), a TrueNorth affiliate, has added three new firms to its family of insurance agencies — two in Iowa and one in Tennessee.FMSI acquired Sisson and Associates of...

Insurity Acquires Virtual MGA in Texas

Jul 13 2020 // Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA.The deal, which closely follows the June...

German Officials Seize Server With U.S. Police Files Stolen in Data Breach

Jul 10 2020 // At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S. federal, state and local law enforcement agencies obtained in a Houston data...

The Liberty Company Insurance Brokers Partners with The Browning Agency of Florida

Jul 10 2020 // The Liberty Company Insurance Brokers has partnered with The Browning Agency of Ponte Vedra, Fla.Established in 1989 by Jim Browning, The Browning Agency is a full-service brokerage and consulting firm specializing in high...

Coronavirus Crisis Heightens Insurers’ Caution About Senior Care Market

Jul 10 2020 // The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said.Residential care...

Bridges Elected Vice Chair of Independent Insurance Agents of Texas

Jul 9 2020 // The Independent Insurance Agents of Texas (IIAT) elected Mark Bridges of INSURICA in Amarillo to serve as vice chair for 2020-2021.Bridges was elected to the post during IIAT’s annual business meeting on June 10,...

Iowa’s BrokerTech Ventures Gains 4 New Carrier, Wholesale Partners

Jul 9 2020 // BrokerTech Ventures, an insurance broker-led platform and accelerator program based in Des Moines, Iowa, has added four super-regional and national insurance firms as partners: The Cincinnati Insurance Companies,...

Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis

Jul 9 2020 // Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis.“With the political landscape and Brexit, it was an obvious choice for us to focus...

Kristopher Parsons Joins Breckenridge Insurance Services to Grow Aviation Business

Jul 9 2020 // Atlanta, GA, July 9, 2020 — Breckenridge Insurance Services is pleased to welcome Kristopher Parsons to the wholesale brokerage and binding firm. Parsons joins the organization as a senior vice president, senior broker...

Patriot Growth Insurance Services Adds 2 Florida Agencies

Jul 9 2020 // Patriot Growth Insurance Services, LLC, a nationwide insurance agency, has added two Florida-based independent agencies, Arison Insurance Services, and Ference Insurance (FIA), to the Patriot platform.Arison and FIA each...

Coronavirus Business Interruption Claimants Lay Out Federal Plan to Reimburse Insurers

Jul 9 2020 // A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups have rejected the...

Cannabis Broker Spotlight: Porter with Brown & Brown Sees Growing Opportunities

Jul 9 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...

Luttrell Named ELITExan Young Agent of the Year by IIAT

Jul 8 2020 // The Independent Insurance Agents of Texas (IIAT) has named Russell Luttrell of Benton-Luttrell Insurance in Van Alstyne as the André P. Juneau ELITExan of the Year.Luttrell was presented with the award during IIAT’s...

Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business

Jul 8 2020 // U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and...

Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model

Jul 8 2020 // The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims.Delegated...