Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
BMS Group Acquires Australia’s Bluebook Insurance Brokers
Jul 5 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The deal is the sixth Australian acquisition by...
‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Jul 5 2023 // Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several...
Florida Agents Optimistic About the Market – and They Don’t Fear the A.I. Reaper
Jul 3 2023 // Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a corner. “Things...
Texas Insurance Agent and Former Elgin Mayor Pleads Guilty to Felony Theft Charge
Jun 30 2023 // A Texas insurance who previously served as mayor of Elgin pleaded guilty June 20 to theft of property, a third-degree felony. Christopher Cannon, 38, acquired payments from the company Baker’s Backhoe Services...
Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance
Jun 30 2023 // McDougall Insurance Brokers Ltd., the Belleville, Ontario-based subsidiary of Definity Financial Corp., announced it has entered into a definitive agreement to acquire 100% of Drayden Insurance Ltd. for C$208 million...
Talk With Fox’s Jesse Watters Leads to Big I CEO Rusbuldt’s ‘Disappointing’ Early Exit
Jun 29 2023 // Bob Rusbuldt — set to retire in about two months as chief executive of the Independent Insurance Agents and Brokers of America (The Big I) — was relinquished of his duties after an interview he conducted with Fox News...
Georgia Agents Name Washowich President
Jun 28 2023 // The Independent Insurance Agents of Georgia this month installed Woodstock agent Wendi Washowich as president. Washowich Washowich is a client executive at Hamby and Aloisio Risk Management and Insurance in Atlanta and has...
Howden Acquires 2 Swiss Brokers
Jun 21 2023 // Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born...
Takeaways from Our Conversation on Carrier-Broker Relations
Jun 20 2023 // Powered by InsuranceJournal.tv Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis evolves into a mature industry...
Insurance Broker Acrisure Interviews Banks for 2024 IPO
Jun 19 2023 // Acrisure LLC, a large, closely-held insurance broker, is interviewing banks to go public next year, people with knowledge of the matter said, in a sign that equity markets may be opening up to new listings from strong...
Florida Agents Optimistic About Market – and Don’t Fear the A.I. Reaper
Jun 19 2023 // ORLANDO – Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a...
Brokers Must Get Creative As Construction Market Grows Amid Project Delays, Labor Shortage, Higher Costs
Jun 19 2023 // The U.S. construction sector continues to see strong growth in various sectors and geographies but higher interest rates, higher building costs, and a decades-long shortage of skilled labor are contributing to a...
Howden Acquires German Marine Broker Northern Lloyd
Jun 16 2023 // Howden, the London-based insurance broker, announced it has strengthened its marine offering in Europe with the acquisition of Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The...
US Agencies Hit in MOVEit Hacking Campaign as Victim List Grows
Jun 16 2023 // Multiple US agencies were compromised by a hacking campaign in which attackers have exploited flaws in a popular software tool to gather information from a range of victims. The US Cybersecurity and Infrastructure Security...
Insurance Agent Group Has Issues with California Commissioner’s Briefing
Jun 15 2023 // A webinar briefing hosted by California Insurance Commissioner Ricardo Lara this week to ease concerns about deteriorating market conditions left insurance agents with more questions than answers, according to a group that...
First MainStreet Adds Four Agencies in Iowa
Jun 15 2023 // First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced the addition of four new agencies. Lauer & Lauer Insurance, based in West Union, Iowa was FMSI’s first acquisition of...
MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks
Jun 15 2023 // A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it...
SEC to Weigh New Artificial-Intelligence Rules for Brokerages
Jun 15 2023 // Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The US Securities and Exchange Commission said Tuesday that a long contemplated...
People Moves: XPT Specialty names Williams VP and Broker
Jun 14 2023 // XPT Specialty names Williams VP and Broker XPT Specialty has hired Catrina Williams as vice president and broker in the commercial lines division of XPT’s Texas offices. XPT is headquartered in New York, New...
Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan
Jun 14 2023 // Private equity firm TA Associates is exploring a sale of its stake in Australian insurance broker Honan Insurance Group Pty amid interest from other potential investors, according to people familiar with the matter. TA is...
