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Broker Buzz

by Mark A. Hofmann
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Personal lines rates up 3%

11:27 am, Mar. 6

Personal lines property/casualty insurance rates rose an average of 3% in February, compared to those of the same month in 2012, Dallas-based electronic insurance exchange MarketScout reported Tuesday.Traditional homeowners, personal articles, and automobile coverages were up 3%, according to ...MORE

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Sen. Blunt to address agent group

Sen. Roy Blunt, R-Mo., will address the Independent Insurance Agents & Brokers of America's Large Agent/Broker and CEO dinner on April 18 during the producer group's legislative conference. The Large Agent/Broker and CEO dinner is sponsored by the IIABA's Large Agent and Broker Roundtable, a group ...MORE

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Marsh creates single risk management practice group

Marsh Inc. has brought its largest account platform, known as G5, and its multinational practice, into a single risk management practice group. The brokerage said that the group would be led by Tim Gardner, previously sales leader for Marsh's large corporate business. Mr. Gardner will continue to ...MORE

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Personal lines up again

2:59 pm, Feb. 7

Personal lines rates rose 4% during January compared to those of January 2012, according to an analysis issued this week by Dallas-based electronic insurance exchange MarketScout.Homeowners insurance for houses valued at more than $1 million rose 4%, while those valued below $1 million climbed 3%. ...MORE

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Hyperion partners with Hong Kong broker

London-based brokerage and underwriter Hyperion Insurance Group Ltd. and a Hong-Kong-based marine insurance brokerage have entered into a partnership.Hyperion announced Monday that it had taken a 55% stake in FP Group, which was the first Asian-headquartered broker to be licensed as a Lloyd's of ...MORE

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Council launches new consulting venture

12:14 pm, Jan. 16

The Council of Insurance Agents & Brokers has launched a new venture—Council Select Consultants.The CSC is a partnership between the Washington-based council and nine select independent consultants who have both industry experience and expertise in leadership development, sales and sales ...MORE

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MarketScout: Personal lines rates continue climb

12:45 pm, Jan. 8

Personal lines rates increased 4% in December from those of the same month a year earlier, acccording to Dallas-based electronic insurance exchange MarketScout.In a report issued Tuesday, MarketScout said that personal articles coverage rates increased the most at 5%, followed by homeowners at 4% ...MORE

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CIPC names founding board of directors

The new Council for Insuring Private Clients has named four executives to its board of directors, the CIPC announced Wednesday.The CIPC was founded by Dallas-based electronic insurance exchange MarketScout last year with the strategic support of Ace Group, American International Group and Fireman's ...MORE

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Integro expands in California

Insurance brokerage and risk management firm Integro has acquired the Rule Group of Pasadena, Calif., New York-based Integro announced Monday. The Rule Group, which was founded in 1907, consists of three divisions: the Rule Co., which providers insurance and risk management services; TRG Insurance ...MORE

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Gallagher acquires marine insurance specialist

Arthur J. Gallagher & Co. has acquired Grand Rapids, Mich.-based Charter Lakes Marine Insurance Agency, Itasca, Ill.-based Gallagher announced Tuesday.Charter Lakes is a retail property/casualty insurance broker, program administrator and managing general agency specializing exclusively in ...MORE

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