Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine
Aug 8 2022 // The MarshBerry Platform announced it has merged with First Choice Agents Alliance (FCAA). The merger will position the combined firms as one of the insurance brokerage industry’s top agency partnerships. MarshBerry...
Brown & Brown Completes Acquisition of Specialist Wholesale Broker BdB
Aug 3 2022 // Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced the completion of the previously announced acquisition of the general insurance operating companies of BdB Limited. Financial details of the...
Massachusetts Agent Pleads Guilty to Embezzlement; Agency Barred From Business
Aug 2 2022 // The chief executive officer and president of a Taunton, Massachusetts insurance agency has pleaded guilty in connection with an embezzlement scheme that left client companies uninsured, according to state...
Kentucky Agents Report Few Properties Have Flood Insurance in Widespread Devastation
Aug 1 2022 // Insurance agents in flooded parts of Kentucky reported Monday that their towns had been inundated with river water and mud – but few residents have flood insurance. “From what I know, almost no one has flood...
Ardonagh’s Arachas Corporate Brokers to Acquire Glennon Insurances in Ireland
Aug 1 2022 // Arachas Corporate Brokers Ltd., a Dublin-based subsidiary of The Ardonagh Group, announced it has reached an agreement to acquire Ireland’s Frank Glennon Ltd., Frank Glennon (Life & Pensions) Ltd., and...
Top 100 Independent Property/Casualty Agencies
Aug 1 2022 // Welcome to the 18th annual Insurance Journal Top 100 Independent P/C Agencies report. The Top 100 list is ranked by total property/casualty agency revenue for 2021 and comprises only those agencies whose business is...
Congratulations Top 100 Agencies
Aug 1 2022 // This year marks the 18th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. This year’s Top 100 welcomes eight newcomers to the list: BXS Insurance; York International...
The Evolution of Insurance Agencies
Aug 1 2022 // To paraphrase Mark Twain — reports of the demise of insurance agencies have been greatly exaggerated. The local agency has been the backbone of the industry and the target of outside forces that have been trying to...
The Independent Agent’s Role in the Surety ‘Trust Triangle’
Jul 29 2022 // This post is part of a series sponsored by Old Republic Surety. Large surety accounts aren’t handled as mere transactions. They require a relationship based on mutual trust in which the independent agent plays a...
Freight Broker Sues Liberty Mutual for ‘Excessive’ Work Comp Premiums
Jul 29 2022 // An Illinois freight broker has filed a lawsuit accusing Liberty Mutual of overcharging it by demanding payment of workers’ compensation premiums for independent contractors who are ineligible for benefits. Virnich...
Hub Acquires Stop Loss Brokers in Massachusetts
Jul 27 2022 // Global insurance broker HUB International Limited (Hub) reported that it has acquired the assets of Stop Loss Insurance Brokers, Inc. and Berkeley Insurance Brokers, Inc. Terms of the transaction were not...
Brown & Brown’s GRP Acquires Insurance Portfolio of WM Brokers Ltd.
Jul 27 2022 // Global Risk Partners (GRP), part of Brown & Brown, announced it has acquired the general insurance portfolio of Woodward Markwell Insurance Brokers Ltd. (WM Brokers Ltd). The deal marks GRP’s 100th acquisition...
Medicare Open Enrollment Season: Best Practices for Carriers, Agencies, and MGAs/MGUs
Jul 27 2022 // This post is part of a series sponsored by AgentSync. With pumpkin spice lattes nigh, we can nearly smell the coming of a very busy time of year for carriers, agencies, MGAs/MGUs. Yes, you guessed it, we’re talking...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey
Jul 25 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
BMS Re Acquires Mexican Surety Reinsurance Broker Calomex
Jul 25 2022 // BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established...
Two 100+ Years Old New Hampshire Agencies Merge
Jul 22 2022 // Two long-time New Hampshire insurance agencies— The Insurance Center based in Claremont and McCrillis & Eldredge in Newport— announced that their companies are joining forces. The combined organization will...
WIAA, PIIB Join Forces to Create Large California P/C Agents Group
Jul 21 2022 // The Western Insurance Agents Association and the Pacific Interstate Insurance Brokers have joined forces. The board of directors of PIIB, based on El Dorado Hills, California, voted to affiliate all its agency-cluster...
UK Jensten Group Acquires UK Broker Ravenhall Risk Solutions
Jul 19 2022 // The Jensten Group has acquired UK broker Ravenhall Risk Solutions for an undisclosed sum. The deal, which is subject to approval by the FCA, bolsters Jensten’s regional presence in Yorkshire and is the Group’s...
People: Georgia Agents Elect Iverson President
Jul 18 2022 // The Independent Insurance Association of Georgia has installed longtime member Michael Iverson as president of the organization. Iverson is CEO of the M.D. Iverson Group, an insurance agency in Fairburn, Georgia. He has...
The Path to Growth for Smaller Agencies: Hire Producers Or Acquire Agencies?
Jul 18 2022 // I know a thing or two about helping agencies grow. In fact, I’ve helped hundreds of entrepreneurs create independent insurance agencies. From this experience, I’ve learned growth is a fairly straightforward...
