Latest Agencies Headlines

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

Two New Agencies Join Renaissance Alliance Insurance Services’ New England Network

Mar 11 2020 // Renaissance Alliance Insurance Services, a national membership alliance for independent insurance agencies specialized in property and casualty insurance, has announced that two independent insurance agencies joined its...

Iowa’s BrokerTech Ventures Adds 5 New Agency Partners, Names Hatten as COO

Mar 10 2020 // BrokerTech Ventures (BTV), the Des Moines, Iowa-based broker-led investor group and accelerator program, has added five new investor partners/sponsors, including Heffernan Insurance Brokers Inc., The Horton Group, Inc.,...

Reuters: Aon Alleges Fraud in $300M Brazilian Deal with Broker Admix

Mar 10 2020 // British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it when it acquired the company four years ago in a 1.35 billion reais ($300 million) deal,...

Auto Insurer Windhaven National Ordered Into Liquidation by Texas Court

Mar 9 2020 // Texas-based private passenger auto insurer Windhaven National Insurance Co. (WNIC), a subsidiary of Windhaven Insurance, has been ordered into liquidation at the request of the Texas Department of Insurance, which was...

Professional Insurance Agents of Connecticut Elects Prast as President

Mar 9 2020 // The Professional Insurance Agents of Connecticut Inc. has elected Gerard Prast of Wallingford, Conn., as president at the association’s Annual Convention, held March 5-6 at Foxwoods Resort Casino in Mashantucket,...

What Small Business Wants

Mar 9 2020 // Small business doesn’t mean small-in-size when it comes to the commercial insurance market.Direct written premiums ranged between $99 billion and $103 billion in 2013, up from $91 billion in 2011, according to...

Windhaven Insurance Ceasing Operations; Texas Placing Windhaven National into Receivership

Mar 9 2020 // Auto and home insurer Windhaven Insurance has alerted its agents and employees that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and The Hearth...

Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect

Mar 4 2020 // H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3.Barbican Protect, an MGA that specializes in commercial property, casualty, financial lines and marine across the...

Texas Insurer Hallmark Financial Exiting Binding Primary Commercial Auto Business

Mar 3 2020 // Citing loss development for prior underwriting years, Dallas-based specialty property/casualty insurer Hallmark Financial Services Inc., is exiting its Binding Primary Auto business.The commercial auto product the company...

Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform

Mar 2 2020 // Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation underwriting platform for high-volume specialty products.The...

Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention

Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...

Insurtech: It’s not Just for Carriers Anymore

Feb 28 2020 // Until recently, insurtech not only was perceived as a competitive threat to independent agents, there was little startup activity dedicated to tackling the operational needs of insurance agents and brokers. That’s...

The Hagar Group, Bruening Insurance Agency Join Renaissance Alliance in Florida

Feb 28 2020 // Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added two new independent insurance agencies to its Florida network.The new agencies include Bruening Insurance Agency...

Cannabis Power Brokers Tackle Five Pressing Insurance Questions

Feb 27 2020 // The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance.Key...

Time Is Now for Agents to Address Privacy of Customer Data

Feb 27 2020 // New regulations, insurer pressure and growing consumer alarm about online security will force agents to act this year to protect their data from unfettered use by third-party vendors.The NAIC Insurance Data Security Model...

Windhaven Insurance Ceasing Operations, Assets to be Auctioned Off

Feb 27 2020 // Auto and home insurer Windhaven Insurance has alerted its agents and employees in Florida that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and...

Broker Investor Group Selects 12 Insurtechs for First Cohort

Feb 27 2020 // BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week...

NFP Rebrands Canadian Brokerages Under NFP Name

Feb 25 2020 // Insurance broker NFP Canada Corp. (NFP) announced that several of its Canadian insurance brokerages are adopting the NFP business name in each of the provinces and territories of Canada, where permitted by law. They...

Specialty Broker Shares Thoughts on Today’s Marina Market

Feb 24 2020 // Barbara Galgiani has spent her entire career specializing in both recreational and commercial marine industry – marinas, boat yards, hospitality, excursion boats and marine contractors. Roughly 90% of her revenue...

Cultivating Your Career by Playing to Your Strengths

Feb 24 2020 // How satisfied do you feel at your job? If you’re not ranking where you want to be with your insurance brokerage, the answer is likely “not very.” Job satisfaction is closely tied to opportunities for...