Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria
May 17 2024 // MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede...
People Moves: BenefitMall Appoints Montes Broker Sales Executive for California
May 16 2024 // XavierMontes BenefitMall appointed Xavier Montes to its individual and senior division (ISD) as the new broker sales executive for California. Montes is based in Whittier, California. Montes has over 25 years of experience...
Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’
May 14 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the...
People Moves: CREST in Arizona Adds Anguis as Commercial Lines Broker
May 14 2024 // Andy Anguis Andy Anguis joined Crest Insurance Group as a commercial lines broker in the company’s Chandler, Arizona, office. Anguis’ 25 years of experience includes commercial lines, sales/service leadership,...
PoloWorks Launches Managing General Agent Incubator
May 13 2024 // PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established...
Georgia Regulations Would Cut Agents’ Licensing Course Load from 20 Hours to 8
May 8 2024 // The Georgia insurance commissioner is accepting comments on proposed rule changes that would cut the pre-licensing course load by almost two-thirds for personal lines agents. “The primary purpose of the proposed...
California Insurance Broker Sentenced for Identity Theft
May 8 2024 // Robert Kirby Wells, 64, of Woodland, California, was sentenced this week to two years in prison for aggravated identity theft. Court documents show Wells was an insurance broker for a company in Denver, Colorado, that...
Truist Finishes Insurance Subsidiary Sale; Broker Rebrands as TIH, Names All-Star Board
May 7 2024 // Truist Financial Corporation today said it completed the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led...
Revising the New Normal: Exploring the Future of Work for the Insurance Agent
May 6 2024 // Senator Bernie Sanders of Vermont, socialist and one-time presidential candidate, has been making headlines recently suggesting that government should mandate 32-hour work weeks for the same pay as the traditional 40-hour...
Marsh McLennan Agency Acquires Long Island Broker AC Risk Management
May 3 2024 // Marsh McLennan Agency, a subsidiary of Marsh, reported it has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Terms of the acquisition were not disclosed. Founded...
Navigating Today’s Challenging Insurance Market: Leveraging Technology for Agencies
May 2 2024 // This post is part of a series sponsored by Dyad. In today’s rapidly evolving insurance landscape, agencies face many challenges. From increased competition to changing consumer expectations and staying ahead in this...
PCF Insurance Acquires Georgia, Texas Brokerages
May 2 2024 // PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that...
Acrisure Acquires Scottish Broker WH&R McCartney
May 2 2024 // Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has acquired Scottish insurance broker, WH&R McCartney. Based in Motherwell and led by Graeme Robb and Alan Kirkwood,...
Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
May 1 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority...
The 6 Stages of Compliance Grief: How Top Insurance Carriers Are Revolutionizing Compliance Management with AgentSync
Apr 30 2024 // This post is part of a series sponsored by AgentSync. Does your organization have a compliance problem? It’s OK. We won’t tell anyone. If you’re not entirely sure, we’ve got a way to check your...
Amboss Underwriting Assumes Oilfield Insurance Agencies’ Downstream Portfolio
Apr 29 2024 // Zurich-based Lloyd’s coverholder Amboss Underwriting has assumed the portfolio of the Zurich branch of Oilfield Insurances Agencies. Effective April 17, 2024, the announcement marks the commencement of Amboss’...
FMCSA Final Rule: Broker and Freight Forwarder Financial Responsibility
Apr 29 2024 // This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) issued a final rule effective Jan. 16 that introduces new requirements across five areas of financial...
NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme
Apr 26 2024 // A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that also defrauded an insurance carrier. The jury in Charlotte, said...
Boston Agent Charged With Creating Fake Insurance Policies to Collect Commissions
Apr 26 2024 // A Boston man has been charged with a fraud scheme in which prosecutors say he collected about $45,000 in unearned sales commissions on insurance policies he created using personally identifiable information stolen from...
Aon Completes $13B Acquisition of Middle-Market Broker NFP
Apr 26 2024 // Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than...
