Business Insurance

Login  |  Register Subscribe



Agents & Brokers Subscribe to RSS feed for 'Agents & Brokers'

Aspen reports strong 2nd quarter earnings in shadow of takeover bid

By: Matthew Lerner

Published July 23, 2014 - 5:00pm CST

Aspen Insurance Holdings Ltd. saw second quarter net income more than triple to $130.8 million from $40.1 million in the same period last year on improved underwriting income and substantial investment gains.

Federal exchange premium subsidies still available while lawsuits proceed

By: Matt Dunning

Published July 23, 2014 - 2:32pm CST

The Obama administration has said it will continue providing premium subsidies for health care plans purchased through federally run public exchanges, pending a final resolution of two lawsuits seeking to limit their availability.

Sanford Saito named Hawaii's captive insurance administrator

By: Bill Kenealy

Published July 23, 2014 - 12:03pm CST

Sanford Saito has been appointed deputy commissioner and captive insurance administrator for the Hawaii Department of Commerce and Consumer Affairs Insurance Division.

Ace net income down 12.5% in 2nd quarter

By: Matthew Lerner

Published July 22, 2014 - 4:29pm CST

Net income declined 12.5% to $779.0 million at Zurich-based Ace Ltd. as the company's agriculture activities weighed upon results.

Cooper Gay launches underwriting management agency for health care industry

By: Kate Shepherd

Published July 22, 2014 - 2:24pm CST

Cooper Gay Swett & Crawford Ltd. has launched Pro-Praxis Insurance, an underwriting management agency specializing in the health care industry.

EPIC buys Leavitt Group's Jenkins Insurance unit

By: Kate Shepherd

Published July 22, 2014 - 12:41pm CST

Edgewood Partners Insurance Center Inc., which does business as EPIC, has purchased Concord, California-based Jenkins Insurance Services Inc., a unit of Leavitt Group Enterprises Inc.

IN FOCUS Video: Brokerage Industry Trends

Published July 22, 2014 - 12:24pm CST

In our latest video report, we speak with several insurance industry leaders to find out some of the latest trends and hot topics occurring in the commercial brokerage industry.

Acquisitions drive Brown & Brown’s 2nd-quarter revenue increase

By: Matthew Lerner

Published July 22, 2014 - 10:50am CST

Daytona Beach, Florida-based Brown & Brown Inc.’s second-quarter revenues rose 22.1% over those of the same period a year earlier to $397.8 million, bolstered by the closing of five acquisitions worth $157 million in revenue, Brown & Brown President and CEO J. Powell Brown said in a statement issued Monday.

Both House, Senate TRIA bills, place more liability on insurers: Report

By: Rodd Zolkos

Published July 21, 2014 - 3:13pm CST

While bills introduced in the U.S. Senate and House of Representatives to extend the federal terrorism backstop mark progress towards that goal, both would raise the insurance industry’s liability following a terrorist attack.

Zurich white paper focuses on solar panel fire, structural risks

By: Bill Kenealy

Published July 21, 2014 - 2:58pm CST

Risk managers need be aware of the variety of risks and challenges presented by the installation of photovoltaic solar panel systems on commercial buildings, Zurich North America said on Monday.

Cross acquires another Maine-based agency, Merchant, Needham & Associates

By: Kate Shepherd

Published July 21, 2014 - 2:10pm CST

Cross Insurance, a subsidiary of Cross Financial Corp., announced its acquisition of Northeast Harbor, Maine-based insurance agency Merchant, Needham & Associates Insurance.

USI acquires New Jersey specialty agency

By: Kate Shepherd

Published July 21, 2014 - 1:25pm CST

USI Insurance Services L.L.C. announced that it has acquired Toms River, New Jersey-based insurance agency BHB Insurance Services L.L.C.

Aspen keeps pressure on shareholders to reject Endurance takeover bid

By: Matthew Lerner

Published July 21, 2014 - 11:15am CST

Aspen Insurance Holdings Ltd. Monday sent a letter to shareholders again urging them to reject the unsolicited $3.2 billion offer made for the company by Pembroke, Bermuda-based Endurance Specialty Holdings Ltd.

Brokers’ 2014 mergers and acquisitions activity is highest since 2008

By: Timothy J. Cunningham And Daniel P. Menzer

Published July 20, 2014 - 6:00am CST

U.S. and Canadian buyers and sellers announced 165 mergers and acquisitions of insurance agents and brokers in the first half of 2014, with a significant number involving private equity-backed firms.

More brokers sharing critical big data insight with mid-market clients

By: Joanne Wojcik

Published July 20, 2014 - 6:00am CST

After decades of gathering and warehousing data on insurance purchases, exposures and claims from their commercial clients, more insurance brokers are offering to share the power of their “big data” sets with their middle-market clients.

Integro uses data analytics to give mid-market client key insurance tip

By: Joanne Wojcik

Published July 20, 2014 - 6:00am CST

Integro Ltd. recently used data analytics to help a middle-market client with Midwest energy distribution operations hedge the risk of an unseasonably warm winter on its business income, said Patrick Gallagher, managing principal and chief actuary in the broker's New York headquarters.

Brokers need to do a better job of selling the industry to talented recruits

By: Stephanie Goldberg

Published July 20, 2014 - 6:00am CST

While many brokerages see retaining employees as a priority, some say they could put more effort into attracting talented workers.

Universe of smaller brokers deploying an array of strategies to grow business

By: Douglas McLeod

Published July 20, 2014 - 6:00am CST

There's no shortage of commercial brokerage business in the U.S., and regional and smaller brokers are deploying an array of strategies to win bigger shares.

Brokers capitalize on stronger economy, deals and specialty business in 2013

By: Mark A. Hofmann

Published July 20, 2014 - 6:00am CST

Increasing property/casualty rates, more demand for benefits consulting, a slowly improving economy plus healthy merger and acquisition activity helped drive revenue in 2013 in the commercial insurance brokerage sector.

Deal activity expected to pick up in the commercial brokerage space in 2014

By: Matthew Lerner

Published July 20, 2014 - 6:00am CST

Abundant seller-side supply coupled with equally plentiful capital on the buyers' side should make for an active consolidation environment in the commercial insurance brokerage space in 2014.

Top insurance brokers: Hub International Ltd.

By: Stephanie Goldberg

Published July 20, 2014 - 6:00am CST

For the third year in a row, Hub International Ltd. reported organic growth in its insurance brokerage operations in 2013, and it continued its growth-by-acquisition strategy with new private equity owners.

Top insurance brokers: Wells Fargo Insurance Services USA Inc.

By: Sheena Harrison

Published July 20, 2014 - 6:00am CST

The sale of several smaller offices and restructuring efforts by Wells Fargo Insurance Services USA Inc. likely signal a company effort to focus on core pieces of its commercial insurance brokerage, such as placing cyber liability insurance and assisting midsize clients.

Top insurance brokers: Brown & Brown Inc.

By: Judy Greenwald

Published July 20, 2014 - 6:00am CST

Brown & Brown Inc. continues its journey on the acquisition trail, with no planned stop in sight.

Top insurance brokers: BB&T Insurance Holdings Inc.

By: Matthew Lerner

Published July 20, 2014 - 6:00am CST

Organic growth and strategic acquisitions in 2013 helped BB&T Insurance Holdings Inc. retain its position as the sixth-largest insurance brokerage in the world in Business Insurance's 2014 ranking.

Top insurance brokers: Jardine Lloyd Thompson Group P.L.C.

By: Sarah Veysey

Published July 20, 2014 - 6:00am CST

A focus on being a specialist in insurance, reinsurance and em-ployee benefits helped London-based insurance brokerage Jardine Lloyd Thompson Group P.L.C. increase its brokerage revenue in 2013.

More »