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Markets/Coverages: SiriusPoint, Broker Holmes Murphy Offer Umbrella Excess for Captives

Insurance Journal

the Bermuda-based specialty insurer and reinsurer, announced a new strategic partnership with the independent insurance broker Holmes Murphy. SiriusPoint has partnered with Holmes Murphy, headquartered in Waukee, Iowa, and its wholly owned subsidiary and managing general agent Innovative … SiriusPoint Ltd.,

Broker 214
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Lloyd’s Broker Charged Over Alleged Ecuador Bribes

Insurance Journal

UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador. The Serious Fraud Office accused United Insurance Brokers Ltd. of failing to prevent associates from bribing state …

Broker 147
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CITA Insurance Services and Ascot Insurance Company announce nationwide real estate agents and brokers errors & omissions program

Insurance Journal

ORANGE, CA, November 6, 2024 – CITA Insurance Services and Ascot Insurance Company (Ascot) have partnered to deliver a new real estate agents and brokers error & omissions (E&O) program nationwide. This admitted insurance product was designed to provide professional …

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Viewpoint: Innovation Enhances Brokers’ Growth and Profits

Insurance Journal

insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Boosting growth and profitability is a goal for all U.S. Booking organic growth is difficult, even for firms with strong sales cultures, and …

Broker 246
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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
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Ardonagh Advisory Acquires UK Broker Anderson & Co.

Insurance Journal

along with its wholly owned subsidiary Anderson & Co (Insurance Brokers) Ltd. Ardonagh Advisory, the Ardonagh Group’s SME broking platform, announced it has acquired Anderson & Co. Holdings) Ltd., Financial details of the transaction were not disclosed. Established over …

Broker 165
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Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 38% YTD

Insurance Journal

The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …

Broker 264