Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Survey: Carrier Connectivity Top of Mind for Agents
Jan 16 2024 // Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly released survey by...
First MainStreet Adds Seven Iowa Agencies
Jan 11 2024 // First MainStreet Insurance L.C.announced the addition of seven new Iowa agencies to its platform to close out 2023. In late November 2023, Pfantz Insurance Services and the insurance operations of Eckhardt Enterprises,...
Part II: Don’t Go Bare: 4 Creative Options for Brokers in Gulf Coast States
Jan 11 2024 // This post is part of a series sponsored by IAT Insurance Group. It’s not news that property owners along the Gulf Coast are experiencing sticker shock when it comes their insurance renewal. The challenge is, rate...
P&C People: XS Brokers Expands with Geiss, Kentucky Agents Name New EVP
Jan 10 2024 // The underwriting and wholesale brokerage group known as XS Brokers is expanding into the Southeast and has named Adam Geiss as vice president, based in Charlotte, North Carolina. “Charlotte, a vibrant and growing...
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services
Jan 8 2024 // TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a memorandum of understanding (MoU) to acquire Hong Kong insurance broker Peak...
Gallagher Acquires German Specialty Broker Köberich Financial Lines
Jan 8 2024 // Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance, plus other financial lines products including cyber, warranties &...
Navigating the Hard Market: 4 Strategies for Brokers to Contend with Constraints in Gulf Coast States Property Insurance
Jan 8 2024 // This post is part of a series sponsored by IAT Insurance Group. U.S. coastal areas, particularly Gulf Coast states like Florida, Louisiana and Texas, have been hit hard in the past decade by climate change-related natural...
Howden Acquires Norwegian Broker Arctic Insurance AS
Jan 4 2024 // Howden, the London-based insurance group, announced the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker. Financial details of the deal were not disclosed. This acquisition reflects...
A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
Jan 3 2024 // This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased...
Brokerslink Adds Peruvian Broker to Global Network
Dec 28 2023 // Global brokerage business, Brokerslink, has added Consejeros y Corredores de Seguros (CONSEJEROS), a leading broker in Peru, to its growing network. Founded over 34 years ago, CONSEJEROS is a highly respected broker with a...
Risk Strategies Buys Florida-based Setnor Byer Brokerage
Dec 22 2023 // Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the...
Ryan Specialty Signs Agreement to Buy Castel Underwriting Agencies From Arch
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority...
UK Signs Swiss Financial Services Deal, Easing Post-Brexit Access for Insurers, Brokers
Dec 22 2023 // The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market access for firms including banks, insurers and asset managers. Chancellor of...
Howden Acquires Dutch Broker VLC & Partners
Dec 20 2023 // Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands. Financial details of the transaction were...
How Industry and Conventional Lenders Look at Independent Agencies
Dec 20 2023 // This post is part of a series sponsored by InsurBanc. Independent agency principals seek loans for a variety of reasons, such as: Perpetuation or acquisition. Partner buyout. Producer development. Technology or...
Aon to Buy Middle-Market Broker NFP for $13.4 Billion
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment. The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
People Moves: XPT Specialty Adds Swift to Brokerage Team; Alliant Names Davis Employee Benefits VP in Kansas City
Dec 14 2023 // Swift Joins XPT Specialty Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift...
TWIA Board Votes to Maintain Agent Commissions at 16% After Hearing Testimony on Impact
Dec 14 2023 // The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of directors voted to approve the association’s budget for 2024. The board also voted to keep...
North Carolina Insurance Agent Can’t Appeal Sentence in $700,000 Fraud
Dec 13 2023 // A former North Carolina insurance agent who pleaded guilty to defrauding trucking company clients and a premium finance company of hundreds of thousands of dollars cannot challenge her sentence and restitution order, a...
Former Georgia Insurance Agent Wanted on Charges of Pocketing Premium Payment
Dec 13 2023 // A former Georgia insurance agent was missing Wednesday after he was charged with diverting a premium payment to his own bank account. Michael Durrell Preston Jr., 42, of Woodstock and Canton, was charged with insurance...
