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Inszone Acquires Nugent Insurance Brokers in California

Insurance Journal

Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Nugent Insurance will also expand into personal lines by gaining access to Inszone Insurance’s markets … Valerie and Tom Nugent Jr., and Tom Jr.’s ’s daughter, Marissa, will remain with Inszone.

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Aon to Acquire UK Insurance Broker Griffiths & Armour

Insurance Journal

Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed. Upon completion of the transaction, Griffiths & Armour will become wholly owned by Aon UK …

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PCF Insurance Services Acquires DLD Insurance Brokers in California

Insurance Journal

PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors.

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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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New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme

Insurance Journal

Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that Joseph Schwartz, of Suffern, New …

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InterWest Acquires McDermott-Costa Insurance Brokers in California

Insurance Journal

InterWest Insurance Services acquired McDermott-Costa Insurance Brokers in San Leandro, California. McDermott-Costa Insurance Brokers is an employee owned, regional independent insurance brokerage firm. John Johnson and Mike McDermott will remain in leadership roles.

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Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications

Insurance Journal

An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …