Business Insurance

Login  |  Register Subscribe



Broker Buzz

by Mark A. Hofmann
Subscribe to this RSS feed Subscribe to this RSS feed

Gallagher acquires New York broker

Arthur J. Gallagher & Co. has acquired New York-based Hagedorn & Co.Terms of the transaction were not disclosed.Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group benefits and personal lines insurance products and services for commercial and ...MORE

Permalink

Gallagher expands in Connecticut

Arthur J. Gallagher & Co. has acquired Everett James, Inc. located in Ridgefield, Connecticut, Itasca, Illinois-based Gallagher announced this week. Terms of the transaction were not disclosed.Everett James offers employee benefits consulting and brokerage services primarily for large and middle- ...MORE

Permalink

Personal lines rates rise, but only slightly

1:29 pm, Sep. 5

A slowly of rate increases seen in the commercial lines insurance sector is beginning to show up in personal lines as well.A report issued Friday by Dallas-based electronic insurance exchange MarketScout found that U.S. personal lines insurance rates rose an average of only 2% in August. For homes ...MORE

Permalink

NFP acquires two New England brokerages

National Financial Partners Corp. has expanded its business in New England with a pair of brokerage acquisitions.NFP closed the acquisition of Poulos Insurance Inc.,which has 19 offices in Massachusetts, New Hampshire and Vermont on Aug. 4. Four days later, NFP closed the acquisition of Boston- ...MORE

Permalink

USI devotes month to community service

USI Insurance Services is in the midst of celebrating its 20th anniversary with “20 for 20: USI Gives Back,” which the Valhalla, New York-based brokerage describes as “a nationwide event where each of the more than 140 USI offices across the United States invests their time, ...MORE

Permalink

Integro acquires specialist London broker

Integro Ltd. has acquired London-based Stonehouse Conseillers Ltd., a specialist insurance broker serviing the needs of commercial film production companies and international advertising agencies. Financial details of the transaction were not disclosed. “Entertainment is a key niche area for ...MORE

Permalink

Agency and brokerage organic growth slows

Independent insurance agents and brokers reported median organic growth of 5.8% for the second quarter of 2014, a weakening from 6.2% for the first quarter of 2014 and 6.9% for the second quarter of 2013, according to Atlanta-based Reagan Consulting's Organic Growth and Profitability survey. ...MORE

Permalink

Personal lines rates rise in July

Personal lines insurance rates rose an average of 3% in July, according to a report issued by Dallas-based electronic insurance exchange MarketScout on Tuesday.Homeowners insurance rates regardless of the value of the home rose an average of 3%, as did personal automobile rates. Rates for personal ...MORE

Permalink

Hub acquires Florida agency

Hub International Ltd. has acquired the assets of Ballard Insurance Agency, a Melbourne, Florida-based insurance brokerage. Terms of the acquisition were not disclosed.Hub said in a statement that Ballard will become part of the Hub International Florida operations.“The acquisition will ...MORE

Permalink

IIABA names new federal government affairs director

8:44 am, Jul. 23

The Independent Insurance Agents & Brokers of America has named Wyatt Stewart as director of federal government affairs. “Wyatt brings a wealth of congressional and political experience to the Big ‘I’,” says Charles E. Symington, Jr., senior vice president for external and ...MORE

Permalink

Older posts