wholesale broker News

Brown & Brown to Acquire Wholesale Broker New England Excess Exchange

Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale insurance division of Brown & Brown with more than 25 …

One80 Intermediaries Acquires Pennsylvania Wholesale Broker Agentic

Boston-based specialty insurance broker One80 Intermediaries reports that it has acquired wholesaler broker Agentic Insurance of Radnor, Pennsylvania. Agentic is a privately owned specialty operation providing professional lines products including errors and omissions, management liability, cyber liability, media liability, allied …

Commercial Lines Sales Platform Sayata Raises $17M to Expand Beyond Cyber

Cyber insurance platform Sayata has raised $17 million in new venture capital and plans to expand to offer more specialty coverages. The startup’s platform automates the quote and bind process to help wholesale brokers and carriers quickly and easily offer …

Brown & Brown Brings Its Wholesale Units Under Bridge Specialty Brand

Global insurance broker Brown & Brown has consolidated its broad wholesale operations under one brand name, Bridge Specialty Group. As a group, the more than 25 wholesale units place more than $3 billion in premium. Wholesale brokerage total revenues for …

Kaufman, Burns & Wilcox Promote 16 Including Heckman to New Positions

H.W. Kaufman Group and its wholesale insurance broker subsidiary Burns & Wilcox announced promotions of 16 associates across nine locations in the United States and Canada during a virtual company event in November. One of the most prominent promotions was …

London’s EC3 Brokers Starts U.S. Property Wholesale Unit; 3 Jeffery Brothers to Head

London-based EC3 Brokers has launched a U.S. property wholesale division based in London, with the appointments of Matthew Jeffery as managing director and David and Daniel Jeffery as divisional directors. The brothers, who joined EC3 Brokers at the end of …

How Brokers Influence Specialty Insurance Product Innovation

In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a mustβ€”especially when it comes to the non-traditional coverage aspects of specialty insurance. Whether it’s reputational, cyber, gig economy …

Genstar Capital to Succeed Lovell Minnick as Investor in Worldwide Facilities

Los Angeles, Calif.-based national wholesale insurance broker Worldwide Facilities has signed an agreement with Genstar Capital, a San Francisco-based private equity firm, for an investment in Worldwide Facilities. The financial terms of the transaction were not disclosed. Private equity firm …

Arthur J. Gallagher Acquires Michigan’s Regency Group

Arthur J. Gallagher & Co. has acquired the Regency Group (Regency), a wholesale insurance broker and program administrator located in East Lansing, Michigan. Terms of the transaction were not disclosed. Established in 1981, Regency provides group and large firm self-insured, …

Burns & Wilcox Names CRC’s Fuhrman to Retail Agency National Relationship Post

H.W. Kaufman Financial Group and Burns & Wilcox announced that Marc Fuhrman will join the firm in a new role as national relationship manager. Fuhrman, based in Los Angeles, formerly served as senior vice president of National Agency Relations at …