Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
People Moves: Chaucer Taps AXA XL’s Tuggey to Lead Cyber; LSM Appoints Chubb’s Vince for Broker Mgmt; QBE Int’l Names Stokoe, Fuller to Exec Board, Expanding Roles
Nov 2 2022 // This edition of International People Moves details appointments at Chaucer, Liberty Specialty Markets, and QBE International. A summary of these new hires follows here. Chaucer Names AXA XL’s Tuggey as Head of...
Jensten Group Completes Acquisition of UK Broker J Bennett & Son
Nov 1 2022 // The Jensten Group, the London-based independent insurance broking group, has completed the acquisiton of J Bennett & Son Insurance Brokers and its subsidiary, Mathews Comfort & Co., following final regulatory...
The Top 3 Questions Agents Ask about Builders Risk
Oct 27 2022 // Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers...
New York’s High Court Upholds Insurance Regulation Opposed by Agents
Oct 26 2022 // New York insurance agents have lost their bid to overturn a state consumer regulation governing the sale of life insurance and annuity products that they believe is vague and exceeds the state insurance regulator’s...
AgentSync: We Know Insurance Because We Come From Insurance
Oct 26 2022 // This post is part of a series sponsored by AgentSync. AgentSync’s roots are in the insurance industry’s pain points: The premise started from insurance professionals looking at manual and repetitive producer...
Renaissance Alliance Adds 3 New York Agencies to Its Network
Oct 25 2022 // Independent insurance agency network Renaissance Alliance reports that it has expanded its presence in New York by adding three agencies to its membership. The newest members are Fraleigh and Rakow, with office locations...
Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines
Oct 24 2022 // United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement comes after UIB restructured its Specialty Lines Division this...
Agents Want End to California Auto Insurance Rate Moratorium
Oct 18 2022 // An insurance agent group in California is opining on the impact of California Insurance Commissioner Lara’s recent auto insurance rate decisions on California consumers. They do not like Lara’s auto insurance...
NFP Buys UK Broker Bentley Insurance Services
Oct 18 2022 // NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Mason James Insurance Services Ltd. (doing business as Bentley Insurance Services), one of the largest brokers in...
North Carolina Drops Broker Licensing
Oct 17 2022 // This post is part of a series sponsored by AgentSync. Broker licensing, long a complicated subject, has been thrust into the spotlight here on the AgentSync blog once more as North Carolina drops its broker-specific...
Auto-Owners, Erie, Cincinnati, Hartford, Hanover Tops in Agents’ Satisfaction: J.D. Power
Oct 17 2022 // Despite near constant disruption from the twin forces of digital transformation and economic uncertainty, independent insurance agents have never been more satisfied with their carrier partners. According to the J.D. Power...
Insurance-Related Cyberattacks on the Rise: Are Agencies Prepared?
Oct 17 2022 // Insurance has become one of the top industries targeted by cybercriminals. In fact, a recent ranking by the cybersecurity vendor Ekran included finance and insurance as one of the five industries “most at risk of...
Digital Marketing and the Rise of the Independent Agent
Oct 17 2022 // Independent agents are taking over the scene — 62% of property and casualty premiums in the U.S. were written by independent agents in 2021 — so competition is fiercer than ever. Independent agents who want to...
The Unprepared Face Many Surprises When Selling Their Agencies
Oct 17 2022 // What is being sold when an owner decides to sell their agency? Expirations (generically). What are expirations? Data. Why is data valuable? Because the data enables one to create a revenue stream. The revenue stream is...
Broker Marsh Says it Has Optimism for Continued Cyber Market Stabilization
Oct 14 2022 // In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of stead decline. Marsh said rate increases for cyber insurance have decelerated...
Thousands of New Independent Agencies Opened During the Pandemic: Study
Oct 13 2022 // The number of independent insurance agencies has increased and business conditions for agencies remain favorable, according to the 2022 Agency Universe Study. While the majority of agencies experienced increased revenue,...
People Moves: PEMCO Adds Sipes in Washington; Fernandez Named to Professional Independent Insurance Agents of Colorado Board
Oct 13 2022 // PEMCO Mutual Insurance has welcomed Heather Sipes to the Seattle, Washington-based insurer’s marketing communications as a communications manager. Sipes has more than11 years of experience in marketing...
World Insurance Acquires 3 Agencies in Northeast
Oct 6 2022 // Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New...
After Ian Swamped His Office and Home, Florida Insurance Agent Picking Up the Pieces
Oct 6 2022 // John Gardner this week found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no internet, but with hundreds of policyholders clamoring to file claims. And...
Howden Acquires French Marine Insurance Broker Seasecure Group
Oct 5 2022 // Howden, the London-based insurance broker, announced it has acquired Seasecure Group, the last remaining independent marine broker in France. Seasecure Group is one of France’s largest marine and cargo insurance...
