Independent agency sale transactions are continuing at a strong pace in 2022. Organic growth rates and profitability are booming, according to Reagan Consulting. Those financial drivers continue to steer agency merger-and-acquisition prices upward. In this environment, some agency principals are …
XPT Hires Bewick as Senior Vice President in Massachusetts XPT, a national specialty insurance wholesale distribution company, hired industry veteran Gordon Bewick as senior vice president. He will be based in Boston, Massachusetts. Bewick’s experience combined with the support of …
Whenever agency principals get together, the topic of agency valuations is sure to come up. Someone will start talking about an agency that sold at an unbelievably high multiple. Pretty soon, everyone’s nodding their head and saying there’s a killing …
Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play when agents want …
The CEO and managing partner of Solon, Ohio-based Loan Protector Insurance Services has purchased the company from insurance brokerage Willis Towers Watson. The buyout by Dennis Swit was financed by InsurBanc. The 150-employee business was acquired by Willis Towers Watson …
InsurBanc — a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ago — has joined Connecticut Community Bank N.A., based in Westport, Conn., effective April 1. Under the …
