Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Maryland Governor Requires All State Agencies to Submit Climate Change Plans
Jun 7 2024 // State agencies in Maryland will be required to submit a plan to help address climate change and reduce greenhouse gas emissions, under an executive order signed by Gov. Wes Moore on Tuesday. The plan calls for all state...
Fort Myers Life Insurance Broker Charged With Policy Fraud, Misusing ID Info
Jun 4 2024 // Florida financial regulators have charged a Fort Myers insurance broker with taking out a life insurance policy on a person without their knowledge and misusing the person’s identification information. Bryce Corey...
Broker Verlingue Launches Dedicated Construction Practice in UK
Jun 4 2024 // Chartered insurance broker Verlingue Ltd. has established a new dedicated construction practice to serve the UK’s fast-growing construction industry. The practice, led by Harvey Monk, sales director South, brings...
National Alliance for Insurance Education & Research Partners with BrokerTech Ventures to Launch a Foundational Insurance for Insurtech Professionals Course
Jun 3 2024 // Austin, TX., June 3, 2024 – In an innovative move to bridge the knowledge gap in the rapidly evolving insurance/insurtech landscape, The National Alliance for Insurance Education & Research has partnered with...
Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents
Jun 3 2024 // I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date breaking my glasses when she screamed and threw her arms open during a...
A New Approach: Florida Agents’ Association Makes Big Investment in Startup Insurer
Jun 3 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, this spring took the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and...
Marsh McLennan Acquires Texas’ Perkins Insurance Agencies
May 31 2024 // Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of Perkins Insurance Agencies, an Abilene, Texas-based independent agency. Terms of the acquisition were not disclosed. Founded in 1977, Perkins...
Miller Acquires Spanish Specialty Re/Insurance Broker Bruzon
May 30 2024 // Miller, the London-based specialist re/insurance broker, announced the acquisition of Madrid-based commercial insurance and reinsurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and its subsidiary Bruzon...
US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent
May 28 2024 // Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl trafficking made a compelling case for its embrace by U.S. intelligence...
People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President
May 24 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights. BHSI Names Riley to Lead Casualty Business in Canada as DeSouza...
Virginia Insurance Agent Sentenced for Writing Policies Without Clients’ Consent
May 24 2024 // A Virginia insurance and annuities agent was sentenced to one year and three months years in prison for mail fraud after swindling his employer and clients in multiple schemes. According to court documents, from August...
Axis Insurance Managers Acquires Canadian Broker Magnes Group
May 23 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc. Axis Insurance said it made its initial investment in Magnes in 2015. Financial details of the...
Florida Agents Will Soon Need Three Appointments Before Selling Citizens
May 23 2024 // Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies for the state-created Citizens Property Insurance Corp. That’s the mandate laid...
Smart Choice Signs a Record Number of Independent Insurance Agencies
May 20 2024 // In 1Q24, 444 agencies partnered with the fastest growing insurance network. GREENSBORO, NC., May 14, 2024— Smart Choice® has signed a record number of independent insurance agencies in the first quarter of 2024 with 444...
Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria
May 17 2024 // MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede...
People Moves: BenefitMall Appoints Montes Broker Sales Executive for California
May 16 2024 // XavierMontes BenefitMall appointed Xavier Montes to its individual and senior division (ISD) as the new broker sales executive for California. Montes is based in Whittier, California. Montes has over 25 years of experience...
Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’
May 14 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the...
People Moves: CREST in Arizona Adds Anguis as Commercial Lines Broker
May 14 2024 // Andy Anguis Andy Anguis joined Crest Insurance Group as a commercial lines broker in the company’s Chandler, Arizona, office. Anguis’ 25 years of experience includes commercial lines, sales/service leadership,...
PoloWorks Launches Managing General Agent Incubator
May 13 2024 // PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established...
Georgia Regulations Would Cut Agents’ Licensing Course Load from 20 Hours to 8
May 8 2024 // The Georgia insurance commissioner is accepting comments on proposed rule changes that would cut the pre-licensing course load by almost two-thirds for personal lines agents. “The primary purpose of the proposed...
