Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Licensing, Other Changes for Insurance Agents in Virginia to Take Effect Jan. 1
Dec 21 2020 // Changes in licensing, fees and continuing education due dates for insurance agents in Virginia will take effect January 1, 2021. These changes, as provided by Virginia law, have been in the works for more than two years...
UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC
Dec 21 2020 // Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has signed a definitive agreement to be acquired by middle-market private equity firm HGGC. SRG’s management team will invest...
Arthur J. Gallagher Acquires Texas Benefits Broker, PIATX
Dec 18 2020 // Arthur J. Gallagher & Co. has acquired San Antonio-based PIATX LLC. Terms of the transaction were not disclosed. Founded in 2009, PIATX is an employee benefits broker and consultant focused on delivering responsive and...
Cannabis Broker Spotlight: Balian with Wood Gutmann Focuses on the Long-Term
Dec 17 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Iowa Insurance Agent Fined $18K, Loses License Over Fraudulent, Dishonest Practices
Dec 15 2020 // An Iowa insurance agent has been ordered to pay $18,000 in civil penalties and relinquish her producer’s license over fraudulent and dishonest business practices, regulators say. The Iowa Insurance Division cited...
Arthur J. Gallagher & Co. Acquires Pennsylvania’s Premier Brokerage Services
Dec 15 2020 // Arthur J. Gallagher & Co. has acquired Jenkintown, Penn.-based Premier Brokerage Services Inc. Terms of the transaction were not disclosed. Founded in 1995, Premier is a high-net-worth focused life insurance wholesale...
Boston Insurance Brokerage Hires Gabriel to Healthcare Professional Team
Dec 15 2020 // Boston Insurance Brokerage LLC (BIB) has hired Alex Gabriel to its Healthcare Professional Team. He will be working to grow business out of Northern Virginia. Gabriel brings with him more than 15 years of experience...
Aon Acquires India’s Anviti Insurance Brokers
Dec 14 2020 // Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending regulatory approvals. Financial...
CRC Group Appoints Koehn and Tredway as Co-Presidents of Brokerage Division
Dec 11 2020 // Nationwide wholesale insurance broker CRC Group reported that Garrett Koehn and Brent Tredway will be appointed co-presidents of the company’s Brokerage Division effective January 1, 2021. The company said Koehn and...
How Young E&S Brokers Are Navigating Today’s Market and Their Careers
Dec 9 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
PointeNorth Insurance Group Acquires 3 Southeast Insurance Agencies
Dec 7 2020 // PointeNorth Insurance Group, LLC (PNIG), a locally owned and operated independent insurance agency in the Southeast, has increased its footprint with the merger and acquisition of three insurance agencies: The Stastka...
Arizona Insurance Agent Who Kept Premiums Gets 2.5 Years in Prison
Dec 7 2020 // A Buckeye, Ariz., woman who ran an insurance brokerage firm but kept premiums her clients intended to pay for their policies has been sentenced to 2 1/2 years in state prison. The Arizona Department of Insurance announced...
Cannabis Broker Spotlight: Cuaron with OG Cannabis Got in on City Planning Early
Dec 3 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Texas Warns Agents, Brokers Insurers Against Deceptive, Misleading Health Plan Marketing
Dec 3 2020 // The Texas Department of Insurance (TDI) has issued a reminder to insurance companies, agents, and marketers of discount healthcare programs that materially misrepresenting the terms and conditions of an insurance policy or...
BMS Purchases Spanish Specialist Insurance Broker Montymarq
Dec 3 2020 // BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Mediación Iberia Correduría de Seguros y Reaseguros, S.L.U. (BMS Iberia), has acquired Montymarq Asociados Consultores y...
Travelers to Acquire Plymouth Rock’s Digital Agency InsuraMatch
Dec 3 2020 // The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after...
Broker BMS Names Pope from Guy Carpenter as Executive Chairman in Latin America
Dec 3 2020 // BMS Group, the independent specialist re/insurance broker, announced the appointment of Aidan Pope as executive chairman of its Latin American and Caribbean business, effective on Jan. 1, 2021. Pope will focus on growing...
New Independent London Broker, Ballantyne Brokers Ltd., Opens for Business
Dec 2 2020 // Ballantyne Brokers Ltd., an independent London broker, announced it has started business. Founded by veteran London market brokers, Ross Ballantyne and Richard Spragg, the leadership team also includes David Ledger, former...
The Liberty Company Insurance Brokers Adds Borkowski, Caparo Insurance Team
Dec 2 2020 // The Liberty Company Insurance Brokers has announced that Steve Borkowski and Caparo Insurance of Conshohocken, Penn., have joined the firm, becoming Liberty’s first partnership in the northeast U.S. The Liberty...
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
