agency startups News

New Falcon Risk MGA Targets Financial, Cyber With Argo Pro Ex-President Landi as CEO

Falcon Risk Holdings is the name of a new managing general agency formed by Griffin Highline Capital, HDI Global Specialty SE and Craig Landi, former Argo Pro president who will lead the new entity. Summit, New Jersey-based Falcon will be …

Odie Pet Insurance Agency Raises $3 Million

Odie Pet Insurance has closed on more than $3 million in new funding to accelerate its growth and invest in technology. California-based Odie Pet Insurance Marketing sells pet insurance plans underwritten by PrimeOne Insurance Co. Inc. and ClearBlue Insurance Group. …

Beat Capital Launches Tegron Specialty for D&O; Names Navigators’ Shore CEO

LONDON – Beat Capital Partners Ltd. and industry veteran Paul Shore have opened a new underwriting vehicle Tegron Specialty that will focus on directors and officers insurance for publicly traded companies, specializing in excess of loss placements. As CEO, Shore …

London’s NuVenture to Support MGAs with Funding,Technology

A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology. NuVenture International Ltd., formed by industry veteran Andy Colbran in a strategic partnership …

Before Starting an Independent Agency, There Are Many Questions to Weigh

In the most recent Closing Quote in Insurance Journal, I wrote about why I believe this is the best time in history for entrepreneurial agents to create a new independent insurance agency. My reasons include lower costs, the increased need …

Why Now May Be the Best Time to Start an Insurance Agency: Viewpoint

Starting an independent insurance agency, or any business, is a risky proposition. You’re moving from a secure position with a regular income and foreseeable future to a place where uncertainty is the new normal. Some may think that’s truer than …

Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents

Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing only nine underwriting questions. The new product allows …

Newly-Launched CAC Specialty Combines Insurance Brokerage with Investment Banking

Alabama-based specialty insurance broker Cobbs Allen is forming CAC Specialty, a combined specialty insurance brokerage and investment banking platform to offer customized insurance and risk transfer services to large corporates, small and medium sized businesses, private equity, and other alternative …

As Agents’ Needs Change and Startups Emerge, Big ‘I’ Looks to Remain Relevant

Spencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run Ericson Insurance Advisors, an 80-year old agency serving the greater New …

Brightway Adds 5 Women-Owned Insurance Agencies

Insurance agency franchise operator Brightway is opening five new personal lines insurance agencies that are owned by women, two of which are the first Brightway agencies to open in California. In addition to California, Oklahoma, South Carolina and Florida are …