Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Ardonagh Advisory Acquires UK Broker Pace Ward
Apr 4 2023 // Ardonagh Advisory, the London-based SME broking platform, announced the acquisition of Pace Ward, a UK-based local broker that provides national coverage for large commercial clients, prestige and high-performance cars,...
Gallagher Launches in Sweden Following Integration, Rebranding of 3 Acquired Brokers
Mar 31 2023 // Gallagher will launch its first direct presence in Sweden on Monday, April 3, following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova. Gallagher acquired Brim in 2016,...
How a Labor Supplier and Insurance Broker Schemed to Evade Workers’ Compensation
Mar 30 2023 // An unlicensed labor broker for the construction industry has pleaded guilty to participating in a fraud scheme in order to evade more than $1 million in workers’ compensation premiums. According to Manhattan...
Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe
Mar 28 2023 // AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe, a German owner-managed commercial lines insurance broker. AnaCap and MRHT’s...
EPIC Insurance Brokers & Consultants Forms Insurance Capital Solutions Group
Mar 23 2023 // EPIC Insurance Brokers & Consultants, the San Francisco-based retail property/casualty insurance brokerage and employee benefits consultant, announced the expansion of its Financial Services division with the launch of...
TikTok, Transit Agencies Face Wrongful Death Suit Over New York Teenager’s Death
Mar 23 2023 // Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of unsolicited suicidal...
Far from Home: Western-based Warner Pacific Acquires Agents Marketing Group in Miami
Mar 23 2023 // Warner Pacific, a large general agency in several Western U.S. states, is reaching eastward with the acquisition of Agents Marketing Group in Miami, the company announced. The acquisition of AMG, a general agency, will...
Florida Insurance Agent Who Used $5M in Premiums for Safari, Condos Gets 14 Years
Mar 23 2023 // More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance...
Correll Group Acquires Two More SE Agencies
Mar 21 2023 // Correll Insurance Group, a rapidly growing agency in the Southeast, announced two more acquisitions of Tennessee-based agencies: SouthPoint Risk, in Nashville, and Insight Risk Management, in Memphis. Correll said in a...
Women Leaders in Agencies
Mar 20 2023 // At first glance, examining gender equality within independent agencies seems to show a near equal balance. After all, gender representation in insurance agencies showed significant improvement over the last few years....
Biden’s Antitrust Push Across Agencies Is Working to Block Deals
Mar 17 2023 // The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department to challenge in court is working. In the past month alone, telecom and airline...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S....
Arthur J. Gallagher & Co. Buys UK Broker FE Protect
Mar 15 2023 // Arthur J. Gallagher & Co. announced the acquisition of UK-based AT Squared Holdings Ltd., operating as FE Protect. Terms of the transaction were not disclosed. FE Protect is an insurance broker specializing in the UK...
Howden Acquires Liechtenstein-Based Broker
Mar 15 2023 // Howden, the London-based insurance broker, announced the acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein. BWV is a market-leading independent broker with a portfolio of corporate and private clients, and...
Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance
Mar 14 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory approval. Financial details of the deal were not...
Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore
Mar 10 2023 // Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore. With the Asian market presenting extensive opportunities,...
New Reinsurance Brokerage, ReFlex Solutions, Launches in Bermuda
Mar 8 2023 // ReFlex Solutions Ltd., a new independent reinsurance brokerage, has launched in Bermuda with near-term plans for expansion into London and the U.S. The new business is led by Neville Ching, an industry veteran with 40...
A.J. Gallagher Buys Nashville Brokerage
Mar 6 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, has acquired Nashville-based Anderson Benson, a retail insurance brokerage and risk management firm. Anderson Benson, founded in 2012, has...
Spying, AI and Hacking, Oh My… 7 Agent Technology Trends to Watch in 2023
Mar 6 2023 // Technology is a double-edged sword that can drive fear as much as excitement for the future. Game-changing tech, though, allows us to make our imaginations a reality. Let’s take a spin down Future Lane to see what...
From Cyber to Lease Protection, Many Small Businesses and Agencies Are Woefully Unprepared
Mar 6 2023 // Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a...
