Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
Oct 21 2021 // In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk...
Howden Acquires Bermuda-Based Insurance Broker Foram
Oct 21 2021 // Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in Hamilton, Bermuda. Financial terms of the transaction were not disclosed. Howden to...
UK’s BMS Acquires South Korean Broker VIB, Led by Former Aon Executive
Oct 21 2021 // BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As...
Acrisure Enters Brazilian Market with Purchase of Broker It’sSeg
Oct 21 2021 // Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The...
Broker Aston Lark Announces 40th Acquisition Since 2018 Launch
Oct 20 2021 // Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in 2018 and its 24th in 2021 alone. Financial terms of the deal were not disclosed....
Arthur J. Gallagher & Co. Buys New Zealand’s Matt Jensen Insurance Brokers
Oct 19 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance Brokers Ltd. Terms of the transaction were not disclosed. Founded in 2005,...
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers
Oct 18 2021 // Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Ltd. Financial details of the transaction, which...
Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.
Oct 18 2021 // Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in...
Agent Satisfaction
Oct 18 2021 // Despite independent agents having long driven the lion’s share of property/casualty (P&C) insurance industry revenue, many have been feeling neglected by carriers who have had their sights set on the...
Pay Compression Creates Challenges for Agencies Hiring Client Service Talent
Oct 18 2021 // Dear Mary: Our agency is a regional, independent, privately held broker in the Midwest that has been in business for decades. Every year we hire young, inexperienced people to come into the business as assistants and CSRs....
How Agents Can Help Clients with the State of the Insurance Market
Oct 18 2021 // One of Oak & Associates’ key clients in Oregon, Blake Schellenberg of RPIS wrote a newsletter to their clients outlining all of the rate increases they were seeing by line of business. RPIS’ management sent...
Agencies Made Progress With Technology During Pandemic but Data Issues Remain Obstacle to Digital Future
Oct 18 2021 // It’s difficult enough keeping up with the latest trends in agency technology let alone trying to do it during a global pandemic. But industry technology experts say independent agencies made progress, with many...
MGAs Can Build Broker Relationships – Even in a Hard Market: Aston Lark’s CEO
Oct 15 2021 // How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO of the Goldman...
Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies
Oct 14 2021 // A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In...
Lockton Creates Digital Asset Protection Team With Brokers, Attorneys
Oct 13 2021 // Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain and cryptocurrency industry and their digital assets. In addition to providing...
Howden to Acquire UK Broker Aston Lark From Goldman Sachs
Oct 13 2021 // Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. Aston Lark is one of the UK’s leading,...
Howden Acquires Norwegian Broker Aneco Forsikringsmegling AS
Oct 12 2021 // Howden, the London-based international insurance broker, announced the acquisition of Oslo-based retail broker Aneco Forsikringsmegling AS. Howden said the acquisition affirms its position as one of the leading non-marine...
MGA Occam Acquires Terrorism Specialist Beech Underwriting Agencies
Oct 11 2021 // Occam Underwriting, the London-based specialist lines focused managing general agency (MGA), announced it is acquiring Beech Underwriting Agencies Ltd., subject to UK regulatory approval. Beech Underwriting is an approved...
Howden Acquires Belgian Insurance Broker Sarton & Associés
Oct 11 2021 // Howden, the London-based re/insurance broker, announced the acquisition of Belgian insurance broker, Sarton & Associés. Financial terms of the deal were not disclosed. As Howden Belgium’s first acquisition, it...
J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts)
Oct 8 2021 // Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to results of the J.D. Power...
