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Broker Buzz

by Mark A. Hofmann
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Personal lines rates up again

Personal lines insurance rates rose by an average of 4% in June, according to Dallas-based electronic insurance exchange MarketScout.MarketScout said Monday that homeowners insurance rates for houses of all values rose an average 4%, as did personal automobile insurance rates. Personal articles ...MORE

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Personal lines rates up 3% in May: MarketScout

On average, U.S personal lines insurance rates rose 3% in May, according to a report released this week by Dallas-based MarketScout.There was some variation within lines. Rates for homeowners policies for homes valued at under $1 million rose 4%, while rates for more expensive dwellings rose 3%. ...MORE

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Guy Carpenter collecting A.M. Best alums

11:26 am, May. 29

Jack Snyder, a former A.M. Best Co. Inc. executive and now a managing director at Guy Carpenter & Co. L.L.C., will be working with some other former Best analysts who have also joined the reinsurance brokerage.New York-based Guy Carpenter announced Thursday that Eric Simpson and Mark Murray will be ...MORE

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Ernesta Procope recognized with lifetime achievement award

Ernesta G. Procope, chairman of New York-based insurance broker E.G. Bowman Co., has received the 2014 A.G. Gaston Lifetime Achievement Award from Black Enterprise magazine.The award “recognizes the entrepreneurial spirit and the guiding light of an individual who has established an extended ...MORE

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Personal lines rates up in April

Personal lines rates rose an average of 3% in April, according to Dallas-based electronic insurance exchange MarketScout.That's in contrast to the commercial property/casualty market, which MarketScout said in a statement “appears to be sliding back into a more aggressive pricing mode,” ...MORE

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USI closes Wells Fargo deal

USI Insurance Services of Valhalla, New York, closed on the acquisition of 40 insurance brokerage and consulting locations Wells Fargo Insurance, part of Wells Fargo & Co., USI said in a statement early Monday.Terms of the transaction were not disclosed.USI said the acquisition further strengthens ...MORE

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Gallagher expands U.K. presence

Arthur J. Gallagher & Co. has acquired Shilling Ltd., located in Liss, Hampshire, England, Itasca, Ill.-based Gallagher announced Thursday.Terms of the transaction were not disclosed. Shilling is an employee benefits communication consultant that provides various related services for multinational ...MORE

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CIAB Leadership Circle gains three sponsors

9:38 am, Apr. 29

Three new sponsors have joined the Council of Insurance Agents & Brokers' Leadership Circle corporate sponsorship platform in the first quarter of 2014, the Washington-based producers' group announced this week.They are Voya Financia, formerly ING U.S., ReSource Pro and Consortium Health Plans, Inc. ...MORE

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Markham McKnight is new chairman of WBN

Markham McKnight, president of Baton Rouge, La.-based BancorpSouth Insurance Services Inc., is the new chairman of Worldwide Broker Network, WBN announced this week.Mr. McKnight, who served as chairman of the Council of Insurance Agents and Brokers in 2008, succeeds Florian Karle, managing partner ...MORE

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Cross becomes official broker for Portland Sea Dogs

1:55 pm, Apr. 24

Cross Insurance, a subsidiary of Bangor, Maine-based Cross Financial Corp., has entered into a comprehensive partnership with the Portland Sea Dogs that recognizes Cross as the team's official insurance broker, Cross announced this week.The Portland Sea Dogs are the Double-A affiliate of the Boston ...MORE

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