Insurance Journal

AUGUST 1, 2024

Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental European acquisition since 2022, Miller said, the transaction forms part of its continued …

Insurance Broker 261

Insurance Broker Broker Insurer Insured 261

Insurance Journal

JULY 18, 2024

Shares of Texas-based insurance broker TWFG, Inc. begin trading on the Nasdaq Global Select Market today under the symbol TWFG. TWFG said it expects to realize gross proceeds of $187 million and net proceeds of approximately $168.3 million from the …

Insurance Broker 263

Insurance Broker Broker Insurer Insured 263

Insurance Journal

OCTOBER 9, 2024

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 …

Insurance Broker 260

Insurance Broker Broker Policy Life Insurance 260

Insurance Journal

JULY 29, 2024

Inflexion is nearing a sale of its majority stake in David Roberts & Partners in a deal that values the UK insurance broker at about £450 million ($579 million), according to people familiar with the matter. The private equity firm …

Insurance Broker 255

Insurance Broker Broker Insurer Insured 255

Insurance Journal

NOVEMBER 20, 2024

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 …

Insurance Broker 246

Insurance Broker Broker Insurer Insured 246

Insurance Journal

JULY 19, 2024

Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery. IPOs in the U.S. are attempting to stage a …

Insurance Broker 202

Insurance Broker Broker Insurer Insured 202

Insurance Journal

AUGUST 13, 2024

NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The Orca team will join NFP’s employee benefits and …

Insurance Broker 290

Insurance Broker Broker Insurer Insured 290

Insurance Journal

OCTOBER 30, 2024

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.

Insurance Broker 147

Insurance Broker Broker Insurer Insured 147

Insurance Journal

JULY 29, 2024

a Netherlands-based insurance group. Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., Brown & Brown acquired Quintes from the private investment firm Aquiline Capital Partners (which purchased a majority stake in Quintes …

Insurance Broker 262

Insurance Broker Broker Insurer Insured 262

Insurance Journal

JULY 12, 2024

US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption trial that the car was a bribe.

Insurance Broker 263

Insurance Broker Broker Insurance Insurer 263

Solstice Insurance Broker

JUNE 4, 2024

Unlock success as an insurance broker with tailored phone scripts. Learn how clear communication, addressing objections, and personalized service can enhance client relationships and drive sales.

Insurance Broker 130

Insurance Broker Broker Insurer Insured 130

Insurance Journal

NOVEMBER 14, 2024

A federal judge on Wednesday sentenced a North Carolina insurance agent to five years in prison for his role in a decade-long scheme that created fraudulent tax shelters and cheated the U.S. government of more than $22 million in tax …

Insurance Broker 246

Insurance Broker Broker Insurance Agents Insurance Agent 246

Insurance Journal

NOVEMBER 5, 2024

dba Statewide Commercial Insurance Brokers. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail …

Commercial Insurance 130

Commercial Insurance Insurance Broker Commercial Broker 130

Insurance Journal

NOVEMBER 26, 2024

National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. NorthStar was founded in 1995 and is one of New England’s largest insurance … Terms of the transaction were not disclosed.

Insurance Broker 290

Insurance Broker Insurer Insured Insurance 290

Insurance Journal

NOVEMBER 27, 2024

Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), enhancing Aon’s risk and health capability offering in Japan. Financial details of the deal were not disclosed.

Insurance Agency 290

Insurance Agency Insurance Broker Broker Insurer 290

Insurance Journal

JULY 11, 2024

Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S. in obtaining coverage for corporate and pleasure …

Insurance Broker 278

Insurance Broker Broker Insurer Insured 278

Insurance Journal

OCTOBER 31, 2024

The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear said this latest deal is …

Broker 264

Broker Insurance Broker Commercial Insurance Commercial 264

Insurance Journal

NOVEMBER 27, 2024

Leavitt Inland Pacific is merging with Troy Insurance Agency in Idaho. Both agencies are locally owned and affiliates of Leavitt Group, a network of insurance brokers. This strategic partnership enables Leavitt Inland Pacific to offer service team support and use …

Insurance Agency 264

Insurance Agency Insurance Broker Broker Insurer 264

Insurance Journal

NOVEMBER 7, 2024

the Amsterdam-based, privately owned insurance broker, announced the sale of H.W. and HWI France to Steadfast Group, the largest general insurance broker network and underwriting agency group in Australasia and owner of one of the … International B.V.,

Insurance Broker 246

Insurance Broker Broker Underwriter Underwriting 246

Insurance Journal

AUGUST 19, 2024

Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Established in 1976, R.K. Henshall & …

Broker 290

Broker Insurance Broker Broker-Agent Insurer 290

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

Insurance Broker 93

Insurance Broker Cyber Broker Protection 93

Insurance Journal

AUGUST 14, 2024

This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operations Accredited Insurance … A summary of these new hires follows here.

Insurance Broker 289

Insurance Broker Broker Insurer Insured 289

Insurance Journal

OCTOBER 8, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 290

Insurance Carrier Insurance Broker Broker Insurer 290

Insurance Journal

DECEMBER 10, 2024

Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offices across the state and in New …

Insurance Agency 246

Insurance Agency Insurance Broker Broker Insurer 246

Insurance Journal

AUGUST 18, 2024

After losing two bids to recover $15 million from its insurer for costs related to its failed legal defense of its admissions policy, Harvard University has now failed in a bid to hold its insurance broker Marsh responsible. A federal …

Insurance Broker 278

Insurance Broker Broker Insurer Insured 278

Insurance Journal

DECEMBER 12, 2024

BMS Group, the London-based specialist insurance and reinsurance broker, announced that it has entered into an agreement to acquire the leading insurance broker Rasher, subject to regulatory approvals. The Rasher business is based in Spain, with Latin American subsidiaries in …

Broker 237

Broker Insurance Broker Broker-Agent Insurer 237

Insurance Journal

JULY 18, 2024

Insurance broker Marsh McLennan reported second quarter net income of $1.125 billion, an 8.7% increase from $1.035 billion reported during Q2 2023. Operating income rose 13% to $1.6 Q2 earnings per share increased 10% to $2.27, while adjusted earnings …

Insurance Broker 278

Insurance Broker Broker Broker-Agent Insurer 278

Insurance Journal

AUGUST 20, 2024

Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port blockage insurance facility, covering shipping ports and terminals around the world. Created by Marsh following the collapse of the Francis …

Insurance Broker 277

Insurance Broker Broker Insurer Insured 277

Insurance Journal

AUGUST 21, 2024

Atlanta-based Titan Aerospace Insurance, one of the larger aviation insurance brokers, has acquired Plimsoll Specialty Markets, a boutique aviation and aerospace brokerage house also based in Atlanta. Michael Clark, president of Plimsoll, is now president of Titan Specialty Markets, the …

Insurance Broker 279

Insurance Broker Broker Insurer Insured 279

Insurance Journal

JULY 17, 2024

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment …

Broker-Agent 279

Broker-Agent Insurance Broker Broker Agents 279

Insurance Journal

JULY 26, 2024

Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on July 24 that …

Risk 277

Risk Broker Insurance Broker Broker-Agent 277

Insurance Journal

OCTOBER 3, 2024

Global insurance broker AssuredPartners announced it has acquired Halstead Insurance Agency, a Fitchburg, Massachusetts-based agency offering personal and commercial insurance. The Halstead team will remain under the operational leadership of agency president Anthony P. Trapasso, Jr. and agency vice president, …

Commercial Insurance 278

Commercial Insurance Insurance Broker Commercial Insurance Agency 278

Insurance Journal

OCTOBER 17, 2024

Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5% on an underlying (organic) basis. Q3 operating income was $1.1 billion, an 11% increase from $996 million reported in Q3 …

Insurance Broker 277

Insurance Broker Broker Broker-Agent Insurer 277

Insurance Journal

JULY 16, 2024

This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens. Insurance broker Aon plc appointed Ed Thomas as head of Lloyd’s Capital within its Reinsurance … A summary of these new hires follows here.

Insurance Broker 277

Insurance Broker Broker Claim Insurer 277

Insurance Journal

AUGUST 23, 2024

the global insurance broker, has named Tim Smith president and CEO of its operations in the Carolinas. Hub International Ltd., Smith was previously the chief sales officer at Hub International Carolinas and was a Charlotte-area market leader. Before that, he …

Insurance Broker 277

Insurance Broker Broker Insurer Insured 277

Insurance Journal

OCTOBER 30, 2024

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …

Risk 277

Risk Insurance Broker Insurance Agency Broker 277

Insurance Journal

OCTOBER 3, 2024

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

Broker 278

Broker Commercial Insurance Broker Insurer 278