The total number of independent agencies in the country remains stable at around 37,500 as start-ups have kept pace with agency mergers and closings, according to a new study of agencies. There are today as many agencies as there were …
Why Clients Need Errors and Omissions Coverage An attorney, family member or friend asked to serve as trustee faces a big responsibility as well as significant liability. Trustees are often called upon at a challenging juncture in the life of …
4,000 The number of independent agencies founded in 2008, 2009 or 2010, which represents approximately 11 percent of the more than 37,500 total independent agencies in the United States today, according to the 2010 Agency Universe Study by Future One, …
Ryan Specialty Group, Oakbridge R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on executive and professional liability exposures and insurance solutions. Terms were not …
One way that agency owners can keep their employees happy in today’s tough times is by making their compensation more accountable to agency growth. Al Diamond, president of the Agency Consulting Group, says in agencies where owners have decided to …
Independent insurance agents in Illinois are urging state lawmakers to pass workers’ compensation reforms in early January, before a new General Assembly will be sworn in. “The facts are alarming,” stated Todd Henricks, president of the Independent Insurance Agents of …
Illinois-based global insurance broker Arthur J. Gallagher & Co. reports it has acquired Herbruck, Alder & Co., an employee benefit brokerage located in Cleveland, Ohio. Terms of the transaction were not disclosed. Founded in 1962, Herbruck, Alder & Co. specializes …
Salt Lake City-based The Buckner Co.has hired Bradley K. Nielson as president of The Buckner Company of Idaho. In conjunction with his hiring, the agency also purchased Nielson’s book of business from his previous employer, HUB International. The Buckner Company …
London-based broker Cooper Gay announced the appointment of “professional indemnity specialist Frank Milton to develop business opportunities within the financial institutions sector.” He will be based in London and report to Dan Barton, Managing Director of Professional Risks. Milton has …
Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All Risk/CESI, LLC., located in New York City. Terms of …
