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by Mark A. Hofmann
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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


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


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


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


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


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


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


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


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


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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