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Subscriber only, premium content. Thursday, July 2

Broker Buzz

by Mark A. Hofmann
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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


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


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


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


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

12:49 pm, Jun. 6

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

10:31 am, May. 19

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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