Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Zurich Launches Management Liability Offering for SMEs in Australia
Aug 13 2015 // Zurich is launching a new management liability offering, specifically designed to protect small to medium enterprises (SMEs) in Australia, with turnovers up to AUD$50 million. The new product will be provided via...
Survey: How Health Insurance Brokers, Navigators Perform Under Obamacare
Aug 12 2015 // Insurance brokers play an important role in helping people obtain non-group health insurance from the health insurance marketplaces established under the Affordable Care Act (ACA) and tend to serve different people than...
File-Share Firm Citrix Joins Independent Agents’ Technology Council
Aug 11 2015 // Citrix is the newest company partner of the Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT). Raleigh, North Carolina-based Citrix offers ShareFile, a file storage, sync and...
‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report
Aug 11 2015 // A new report from UK-based financial marketing and consulting firm Finaccord concludes that “affinity schemes for commercial lines insurance in the UK are on the rise as brokers and underwriters strive to grow market...
Organically Speaking, Independent Agencies Are Very Profitable
Aug 11 2015 // Independent agencies are enjoying a period of high profitability boosted by healthy organic growth despite continued soft pricing in commercial lines. Independent insurance agents/brokers posted median organic growth of...
R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority
Aug 11 2015 // R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent...
California Law Agencies Get $34.9M to Fight Workers’ Comp Fraud
Aug 10 2015 // Insurance Commissioner Dave Jones has awarded $34.9 million in grants to 37 district attorney offices representing 42 counties in California to combat workers’ compensation insurance fraud. The grants are funded...
Howden UK Acquires Perkins Slade, Independent Broker
Aug 10 2015 // Howden UK, part of the Hyperion Insurance Group, is delighted to announce the acquisition of Perkins Slade Forrest Holdings Ltd., subject to shareholder and regulatory approval. Perkins Slade is a leading independent...
Worldwide Facilities, LLC Establishes Binding Authority Hub in Orlando
Aug 10 2015 // Orlando, FL, August 10, 2015 — Worldwide Facilities, LLC announced today that its Orlando office has recently been designated the company’s binding authority hub serving all states east of the Rocky...
Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza
Aug 7 2015 // Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros,...
Green Joins M.D. Jensvold as Senior Broker
Aug 6 2015 // Pat Green has joined Texas-based insurance wholesaler M.D. Jensvold as a senior broker. Green has more than 15 years of sales experience. Most recently, he was vice president/casualty broker with Oxford Insurance Services...
Payroll Firm ADP to Compete with Brokers in Offering Health Exchange
Aug 6 2015 // Automatic Data Processing Inc., the payroll- processing giant, will offer companies a new way for their employees to select health benefits, challenging firms like Towers Watson & Co. and Marsh & McLennan Cos. ADP...
Burns & Wilcox Brokerage Hires Moskie as VP in New York
Aug 5 2015 // Burns & Wilcox Brokerage hired Philip Moskie as vice president of Property Brokerage for its New York City office. Moskie brings nearly two decades of wholesale brokerage experience to the role. He most recently...
Private Equity Firm Odyssey Buys Broker Integro
Aug 5 2015 // New York and Los Angeles private equity firm Odyssey Investment Partners, LLC has agreed to acquire Integro Ltd., a specialty insurance brokerage and risk management firm. Financial details of the investment were not...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
Aug 5 2015 // Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55...
Texas Professional Insurance Agents Partners with EFG Cos.
Aug 4 2015 // With the aim of helping member agents boost their revenues, Texas Professional Insurance Agents (PIA) is partnering with EFG Cos. to offer ancillary consumer protection products. Texas PIA selected the Simplicity Division...
Arthur J. Gallagher Completes Acquisition of William Gallagher in Boston
Aug 3 2015 // Arthur J. Gallagher & Co. announced today that it has completed its previously disclosed acquisition of William Gallagher Associates Insurance Brokers Inc. in Boston. Arthur J. Gallagher & Co. previously...
AmWINS Group Acquires The III Group in Pennsylvania
Aug 3 2015 // Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in...
Florida Agent Arrested for Selling Fraudulent Policies with Suspended License
Aug 3 2015 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of insurance agent Julia Shurdom, 67, for allegedly transacting insurance related business with a suspended...
Cal Fire Captain, Insurance Agent Brother Arrested for Insurance Fraud
Aug 3 2015 // A California Fire captain and his insurance agent brother have been arrested for insurance fraud. Neal Moriarty, 38, a Cal Fire captain, and Ross Moriarty, 42, a licensed insurance agent, were arrested in late July on...
