Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
People Moves: BHSI Names Humble as Head of Customer & Broker Engagement for South Central
Apr 24 2024 // Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Hart Humble to the newly created role of Head of Customer & Broker Engagement (C&BE) for the South Central U.S. Humble has spent...
UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co.
Apr 24 2024 // Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard & Co. The deal, which is subject to regulatory approval, will introduce a dedicated team of 19...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge
Apr 17 2024 // Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told...
CRC Moves InsureTrust Cyber Broker to Wholesale Division
Apr 16 2024 // Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit, moving InsureTrust, a cyber coverage broker, from Starwind Specialty. Starwind was formed...
UK’s Jensten to Invest Up to £1M to Help Individuals Launch Their Own Brokerages
Apr 16 2024 // Jensten Group, the London-based independent insurance broking group, announced it will invest up to £1 million (US$1.3 million) this year to help 15 individuals start their own independent brokerages. The investments will...
What Young Agents Want
Apr 15 2024 // This issue of Insurance Journal features exclusive results from the 2024 Young Agents Survey where young agents nationwide shared their views on the insurance industry and their experiences as agents. Optimism overall...
Former California Insurance Agent Found Guilty of Taking $1.2M from Victims
Apr 15 2024 // Former licensed insurance agent Brett E. Lovett, 53, of Camarillo, California, was found guilty of 29 felony counts including grand theft, elder abuse, money laundering, and burglary after a 15-month California Department...
Tech Update: Sayata Risk Engine Flags High-Risk Accounts With AI; Canopy Connect and Hawksoft Launch Integration to Eliminate Data Entry for Agents
Apr 11 2024 // Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up...
Former Florida Insurance Commissioner, Agent and FAIA Chair Gunter Dies
Apr 9 2024 // Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89. “He was a strong, thoughtful public servant and pioneer in insurance regulation as...
Former Maryland Insurance Agent Pleads Guilty to Stealing $369K
Apr 8 2024 // A former Maryland title insurance agent recently pleaded guilty to carrying out a multi-year theft scheme netting her more than $369,000, according to the state attorney general. Cheryl Leigh Gray was a licensed insurance...
Revolutionizing Customer Experience: How Insurance Agencies Leverage Technology for Streamlined Services
Apr 5 2024 // This post is part of a series sponsored by Dyad. In an era where technology is rapidly transforming every aspect of our lives, industries across the board are embracing digital innovations to enhance customer experience....
A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer
Apr 4 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring...
UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers
Apr 3 2024 // Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were...
Howden to Acquire French Broker OFRACAR
Apr 3 2024 // Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and...
PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group
Apr 3 2024 // Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the...
