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Broker Buzz

by Mark A. Hofmann
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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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NFP acquisition of Schwartz Brothers targets Midwest growth

New York-based broker National Financial Partners Corp. has acquired Chicago-based Schwartz Brothers Cos., including Schwartz Brothers Insurance Agency, L.L.C., and the corporate benefits business of Schwartz Benefit Services, Inc., NFP announced Monday.The Schwartz Brothers Cos., located in ...MORE

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The Council grows by four

1:29 pm, Apr. 16

The Council grows by fourFour firms, among the leading commercial insurance and employee benefits brokerages in the world, have joined The Council of Insurance Agents & Brokers, the council announced this week.The four are Buck Consultants, Price Forbes, ProInsurance and Warner Pacific. Their ...MORE

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Personal lines rates still moving up

10:20 am, Apr. 8

Personal insurance rates continued to climb slightly in March, according to an analysis issued by Dallas-based electronic insurance exchange MarketScout late last week.Rates rose an average of 3% for homes in both the over $1 million in value category and those below, while personal auto also rose ...MORE

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Woodruff-Sawyer opens Denver office

12:50 pm, Apr. 4

Woodruff-Sawyer & Co. has opened a new office in Denver office, Woodruff-Sawyer Colorado, Woodruff-Sawyer said this week. The office will be headed by Gordon Zellers, Colorado practice leader, said Woodruff-Sawyer in its announcement. Also joining the office is Chris Kakel, corporate casualty ...MORE

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Gallagher acquires New York brokerage

Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency, Inc. of Burnt Hills, N.Y. Terms of the transaction were not disclosed.Spataro Insurance Agency, which was founded in 1932, is a retail insurance broker providing property/casualty, risk management and personal lines insurance products ...MORE

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Rep. McMorris Rodgers to address Big I event

Rep. Cathy McMorris Rodgers, R-Wash., will address the Independent Insurance Agents & Brokers of America's Large Agent/Broker and CEO dinner during the association's legislative conference on April 10, the group announced Wednesday. Rep. McMorris Rodgers delivered the Republican response to ...MORE

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Agent groups praise Senate flood insurance vote

Agent groups have little but praise for the U.S. Senate's Thursday vote in favor of a House bill that would roll back some of the changes to the National Flood Insurance Program by the Biggert-Waters Flood Insurance Reform Act of 2012.“This bill was a top priority for the Big 'I' as it will ...MORE

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Personal lines rates up slightly

10:23 am, Mar. 6

Personal lines insurance rates edged up an average 2% in February, according to Dallas-based electronic insurance exchange MarketScout.Personal automobile, personal items and homeowners policies for houses valued under $1 million all experienced 2% increases, MarketScout found. Rates for policies ...MORE

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Jeff Yates retires

2:30 pm, Feb. 28

The Alexandria, Va.-based Independent Insurance Agents & Brokers of America has announced that former CEO Jeff Yates is retiring after 39 years with the producer trade association. Mr. Yates, who most recently served as executive director of the Agents Council for Technology, retired as CEO in 2000 ...MORE

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