Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Jensten Purchases UK’s Scrutton Bland Insurance Brokers
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...
GIC Reaches Agreement to Buy Cinven’s Shares in UK Broker Miller
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...
Specialist Risk Group Acquires Lloyd’s Broker CBC Partnership
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...
UK Insurance Broker Ardonagh Weighs Refinancing $3.9 Billion Debt Pile
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...
Independent Insurance Agents of Illinois to Rebrand as Big I Illinois in 2024
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...
IMA Financial Adds EBS Insurance Brokers in Massachusetts
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...
US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery
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...
Howden Acquires Swiss Reinsurance Broker Haakon AG
Dec 5 2023 // Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon,...
4 Other Tech Tools AgentSync Customers Love and Why
Dec 4 2023 // This post is part of a series sponsored by AgentSync. AgentSync customers know the speed, efficiency, and cost-savings a modern producer licensing and compliance solution brings to their workflows. They also know a thing...
Iowa Insurance Agent Pleads Guilty to Wire Fraud
Dec 4 2023 // An Iowa man pleaded guilty to wire fraud for using his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies. Zachary James Flaherty, age 47,...
People Moves: Markel Appoints Howden’s Woodhouse for War and Terrorism Team; Costero Brokers Taps Marsh’s Olley as Cyber Divisional Director
Nov 29 2023 // This edition of International People Moves details appointments at Markel and Costero Brokers. A summary of these new hires follows here. Markel Appoints Howden’s Woodhouse for War and Terrorism Team Markel, the...
Chubb Survey of Middle-Market Brokers Finds Lack of Awareness of Flood Risk
Nov 29 2023 // Though the risk of flooding is undeniable, a survey by Chubb of brokers with middle-market commercial clients revealed just 16% of them say more than half their clients buy flood insurance. Furthermore, 65% of the more...
Former Allstate Agent in North Carolina Agrees to Abide by Non-Compete Agreement
Nov 28 2023 // A former Allstate insurance agent in North Carolina has agreed to stop selling competing products to her former clients and to return confidential client information to Allstate. A federal judge finalized an agreement...
People Moves: Wiglesworth-Rindom Names Cathey; Liberty Brokers Promotes Baillie
Nov 22 2023 // Wiglesworth-Rindom Insurance Agency, based in Stuart, Florida, has named Linda Cathey vice president of agency operations. Cathey Cathey will oversee growth and development of the agency team. She previously was the...
Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather
Nov 20 2023 // A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property...
Making a Great Place to Work: E&S Brokers Share Their View on Talent Strategies
Nov 20 2023 // With a staggering 50% of the current insurance workforce set to retire in less than 10 years, potentially leaving more than 400,000 positions unfilled, nearly every insurance organization is struggling to recruit new...
5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues
Nov 20 2023 // Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and...
White House Proposes Transportation, Commerce Agencies Handle Space Regulations
Nov 16 2023 // The Biden administration on Wednesday released a long-awaited proposal to split regulatory powers over emerging private-sector space activities between the U.S. transportation and commerce departments, according to a draft...
Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
Nov 16 2023 // Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’...
Manhattan Real Estate Brokerages Sued for Inflating Commissions
Nov 16 2023 // A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real...
