Agents & Brokers News

Weak Predators, Demanding Prey Stymie Lloyd’s M&A

A bid for Lloyd’s of London insurer Brit is unlikely to trigger acquisitions in the battered sector because targets feel they can hold out against lowball private equity bids and trade buyers remain strapped for cash. Shares across the Lloyd’s …

Oregon Insurance Industry To Recognize Customer Service Reps

The Independent Insurance Agents and Brokers of Oregon (IIABO) is now accepting nominations for the 2010 Accredited Customer Service Representative of the Year award, which recognizes an employee for his or her contributions and commitment to the industry. The award …

Heffernan Insurance Names Parshall Manager of InsureMyEquipment.com

San Francisco-based Heffernan Insurance Brokers has named Allison Parshall the new manager of InsureMyEquipment.com. This online insurance product is designed to streamline the previously time-consuming, manual process of providing rental insurance to the production industry. Camera operators, lighting stage hands …

Big “I” Markets Introduces Pollution/Environmental Product

The Independent Insurance Agents & Brokers of America Big “I” Markets program has formed a partnership with the American Risk Management Resources Network (ARMR), LLC to provide Big “I” members access to the environmental insurance market place plus expertise in …

Drury Joins Miller for Multinational Business

The UK’s Miller Insurance, a specialist independent insurance and reinsurance broker, announced that Nick Drury has joined the company, as a specialist in the placement of corporate multinational accounts. Drury has more than 40 years’ insurance industry experience. He previously …

All Agents Welcome at Texas Session on Health Reform Law

Insurance Commissioner Mike Geeslin will join panelists for a discussion of the implementation of the new Patient Protection and Affordable Care Act at the Independent Insurance Agents of Texas 113th Annual Conference on June 15 at the Omni Hotel in …

Olympus Insurance Cleared by Florida Regulators

Home and condominium insurer Olympus Insurance Co., which in April came under scrutiny by Florida insurance regulators, has convinced the regulators that its financial contracts, accounting methods, reinsurance program and claims-paying ability are satisfactory. The state Office of Insurance Regulation …

Temores Named VP at Worldwide Facilities

Worldwide Facilities Inc. has hired Esmeralda Temores in the Los Angeles headquarters as vice president- broker, responsible for brokering business and underwriting for all lines. Temores began her insurance career in 2000 at Western Security Surplus in Pasadena, Calif. While …

Aon Helps Lenders With Foreclosed Property Through Risk Management

Property repossessed by a financial institution after foreclosure may stay vacant or unfinished for months or years, making it susceptible to various types of damage. According to RealtyTrac, the leading online marketplace of foreclosure properties, more than 932,000 properties received …

OnPoint Underwriting Adds Surety Bond Coverage for Tribal Clients

OnPoint Underwriting, a managing general agency, now has the ability to write tribal surety with a large carrier with more than 15 years of experience serving tribal nations. The carrier, rated “A” with A.M. Best, “A+” with Fitch and “A” …