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Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents

Insurance Journal

Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. the Big “I”) to support independent insurance agents in selecting, implementing and optimizing the right technologies for their agencies.

Agents 264
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Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

Insurance Journal

Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …

Broker 246
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Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon

Insurance Journal

Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …

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UK Broker Kingfisher Insurance Acquires MIS Motorsport’s Commercial Business

Insurance Journal

the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Kingfisher Insurance Services Ltd., Financial details of the transaction were not disclosed. As part of the acquisition, a new entity will be created called …

Broker 278
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Markets/Coverages: Hub Int’l Forms Partnership With Largest Trucking Broker in Mexico

Insurance Journal

HUB), the Chicago-based insurance broker, announced an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance broker in Mexico. Hub International Ltd. The partnership is a response to Mexico’s growing …

Broker 264
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Canada’s Axis Insurance Acquires P/C Broker Baker Insurance

Insurance Journal

the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Axis Insurance Managers Inc., Financial details of the deal were not disclosed. This strategic move strengthens Axis’ presence in the region and enhances …

Broker 278
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Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024

Insurance Journal

The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …

Broker 288