Agents & Brokers News

Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect

H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA that specializes in commercial property, casualty, financial lines and marine across the United Kingdom, joins the Kaufman family of companies …

Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams

TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and Retro teams in Bermuda. Conway will report to Alex Bridges, partner and head …

Cannabis Power Brokers Tackle Five Pressing Insurance Questions

The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key questions may include: What insurance coverage is most …

Broker Investor Group Selects 12 Insurtechs for First Cohort

BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week curriculum. BrokerTech Ventures offers the cohort insights into …

Aon Names Andersen President, While Former Co-President O’Connor Exits

Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm’s CEO. Since May 2018, Andersen and Michael O’Connor had served as Aon co-presidents. Aon said O’Connor is departing Aon to pursue new opportunities after 12 …

NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt

NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details of the transaction, which closed on Dec. 10, 2019, were not disclosed. Indemnis, headquartered in Toronto, Ontario, Canada, with operations …

Hub International Buys Quebec-Based Azur Consulting Services

Hub International Ltd. (Hub), the Chicago-based insurance broker, announced it has acquired the assets of Azur Consulting Services Inc. Terms of the transaction were not disclosed. Located in Longueuil, Quebec, Canada, Azur Consulting Services provides employee benefits consulting, including group …

Integro Announces Beard Is Stepping Down as CEO of Specialist Broker RFIB

Integro Insurance Brokers Holdings Ltd., the parent of UK-based firm Risk Transfer Group (RTG), which trades under the RFIB brand, announced that Steven Beard, CEO of RFIB will be stepping down, effective immediately. On Jan. 1, 2020, Integro completed its …

2020 Agency Salary Survey: Tell Us What You Think

Total compensation and salary adjustments on average fell slightly in agencies responding to the 2019 Agency Salary Survey – but that trend didn’t impact employee satisfaction. On average, employee satisfaction with compensation overall rose again in 2018. How will satisfaction …

How Broker Specialization Will Revolutionize Customer Experience: Viewpoint

In today’s landscape, forward-thinking agencies and brokers should avoid taking a one-size-fits-all approach by only targeting the general insurance market. The market is heading toward specialization, and the next step to insurance industry success is identifying a niche. It may …