Insurance Journal

DECEMBER 4, 2024

Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. Financial details of the deal were not disclosed. Verlingue said this …

Insurance Broker 250

Insurance Broker Broker Insurer Insurance 250

Insurance Journal

AUGUST 1, 2024

Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental European acquisition since 2022, Miller said, the transaction forms part of its continued …

Insurance Broker 264

Insurance Broker Broker Insurer Insurance 264

Insurance Journal

JULY 18, 2024

Shares of Texas-based insurance broker TWFG, Inc. begin trading on the Nasdaq Global Select Market today under the symbol TWFG. TWFG said it expects to realize gross proceeds of $187 million and net proceeds of approximately $168.3 million from the …

Insurance Broker 264

Insurance Broker Broker Insurer Insurance 264

Insurance Journal

OCTOBER 9, 2024

An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …

Insurance Broker 260

Insurance Broker Broker Policy Life Insurance 260

Insurance Journal

JANUARY 31, 2025

Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter. The talks to acquire Risk Strategies, which is ultimately backed by private equity firm Kelso …

Insurance Broker 249

Insurance Broker Broker Risk Insurer 249

Insurance Journal

JULY 29, 2024

Inflexion is nearing a sale of its majority stake in David Roberts & Partners in a deal that values the UK insurance broker at about £450 million ($579 million), according to people familiar with the matter. The private equity firm …

Insurance Broker 258

Insurance Broker Broker Insurer Insurance 258

Insurance Journal

MARCH 27, 2025

A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing, then using the loans …

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Insurance Broker Premium Broker Insurer 251

Insurance Journal

APRIL 21, 2025

A south Florida insurance broker is awaiting sentencing after pleading guilty last week to a $134 million scheme that fraudulently enrolled thousands of people in Affordable Care Act health insurance plans. Dafud Iza, 54, of Pembroke Pines, signed a plea …

Insurance Broker 240

Insurance Broker Broker Insurer Insurance 240

Splash: Finance and Insurance

FEBRUARY 18, 2025

Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.

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Insurance Broker Broker Marine License 81

Insurance Journal

NOVEMBER 20, 2024

Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that Joseph Schwartz, of Suffern, New …

Insurance Broker 246

Insurance Broker Broker Insurer Insurance 246

Insurance Journal

AUGUST 13, 2024

NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The Orca team will join NFP’s employee benefits and …

Insurance Broker 290

Insurance Broker Broker Insurer Insurance 290

Insurance Journal

MAY 2, 2025

Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC. Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative risk business within Ryan Specialty. The …

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Insurance Broker Underwriting Underwriter Broker 211

Insurance Journal

JULY 19, 2024

Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery. IPOs in the U.S. are attempting to stage a …

Insurance Broker 202

Insurance Broker Broker Insurer Insurance 202

Solstice Insurance Broker

FEBRUARY 10, 2025

As an insurance broker, you have a special opportunity to let your clients know how much their loyalty and business mean to you. Valentines Day is just one of many opportunities to show gratitude to those you care about. By showing appreciation, you not only strengthen your current relationships but also attract new ones.

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Broker Insurance Broker Insurer Insurance 147

Insurance Journal

JULY 29, 2024

a Netherlands-based insurance group. Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., Brown & Brown acquired Quintes from the private investment firm Aquiline Capital Partners (which purchased a majority stake in Quintes …

Insurance Broker 262

Insurance Broker Broker Insurer Insurance 262

Insurance Journal

APRIL 17, 2025

UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador. The Serious Fraud Office accused United Insurance Brokers Ltd. of failing to prevent associates from bribing state …

Broker 147

Broker Insurance Broker Broker-Agent Insurer 147

Insurance Journal

OCTOBER 30, 2024

InterWest Insurance Services acquired McDermott-Costa Insurance Brokers in San Leandro, California. McDermott-Costa Insurance Brokers is an employee owned, regional independent insurance brokerage firm. John Johnson and Mike McDermott will remain in leadership roles.

Insurance Broker 147

Insurance Broker Broker Insurer Insurance 147

Insurance Journal

NOVEMBER 14, 2024

A federal judge on Wednesday sentenced a North Carolina insurance agent to five years in prison for his role in a decade-long scheme that created fraudulent tax shelters and cheated the U.S. government of more than $22 million in tax …

Insurance Broker 246

Insurance Broker Broker Insurance Agent Insurance Agents 246

Insurance Journal

NOVEMBER 26, 2024

National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. NorthStar was founded in 1995 and is one of New England’s largest insurance … Terms of the transaction were not disclosed.

Insurance Broker 290

Insurance Broker Insurer Insurance Insured 290

Insurance Journal

MARCH 23, 2025

the Bermuda-based specialty insurer and reinsurer, announced a new strategic partnership with the independent insurance broker Holmes Murphy. SiriusPoint Ltd., SiriusPoint has partnered with Holmes Murphy, headquartered in Waukee, Iowa, and its wholly owned subsidiary and managing general agent Innovative …

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Broker Broker-Agent Insurance Broker Agents 214

Insurance Journal

MAY 6, 2025

Established in 2022, Aspera is a boutique insurance and reinsurance broker specializing in industrial property, power & energy, plus construction. Gallagher announced it has acquired Turkey-based Aspera Sigorta ve Reasrans Brokerlii A.. Terms of the transaction were not disclosed.

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Broker Insurance Broker Insurer Insurance 194

Insurance Journal

JULY 12, 2024

US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption trial that the car was a bribe.

Insurance Broker 263

Insurance Broker Broker Insurer Insurance 263

Tosten Marketing

JANUARY 27, 2025

Insurance broker lead generation is a critical aspect of growing a successful brokerage. At Tosten Marketing, we’ve seen firsthand how effective strategies can transform a broker’s business. How Digital Marketing Boosts Insurance Lead Generation Digital marketing has transformed lead generation for insurance brokers.

Insurance Broker 52

Insurance Broker Broker Broker-Agent Insurer 52

Prof. Allan Manning

MARCH 4, 2025

We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in a very populus part of Australia, both organisations are set to provide the best possible response to those affected and their insurers and general insurance brokers.

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Insurance Broker Broker Claim Business Interruption 235

Solstice Insurance Broker

MARCH 4, 2025

As an insurance broker, you want to offer your clients solutions that are comprehensive in terms of coverage and appealing when it comes to cost. Bundling dental and vision insurance is a fantastic way to boost the value of what you offer.

Insurance Broker 113

Insurance Broker Broker Insurer Insurance 113

Insurance Journal

JULY 11, 2024

Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S. in obtaining coverage for corporate and pleasure …

Insurance Broker 278

Insurance Broker Broker Insurer Insurance 278

Insurance Journal

JULY 16, 2024

Insurance broker World Insurance Associates announced that it recently acquired the business of Affiliated Insurance Managers (AIM) of Warwick, Rhode Island. Today the agency is primarily focused on commercial lines, while also providing insurance to … AIM was founded in 1937.

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Insurance Broker Insurer Insurance Insured 275

Insurance Journal

SEPTEMBER 27, 2024

Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not disclosed. This strategic move strengthens Axis’ presence in the region and enhances …

Broker 278

Broker Insurance Broker Insurer Insurance 278

Insurance Journal

MAY 13, 2025

The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5 million loss …

Insurance Broker 264

Insurance Broker Agents Broker Claim 264

Insurance Journal

OCTOBER 31, 2024

The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear said this latest deal is …

Broker 264

Broker Insurance Broker Commercial Insurance Commercial 264

Insurance Journal

OCTOBER 30, 2024

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …

Risk 277

Risk Insurance Broker Insurance Agency Insurer 277

Insurance Journal

NOVEMBER 5, 2024

dba Statewide Commercial Insurance Brokers. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail …

Commercial Insurance 130

Commercial Insurance Insurance Broker Commercial Broker 130

Insurance Journal

APRIL 17, 2025

A former Friendswood, Texas insurance agent turned himself into authorities last week over charges that he fraudulently brokered insurance policies, the Friendswood Police Department announced. Edgar Peralta of Edgar Peralta with Peralta Insurance Brokerage LLC, is charged with theft, a …

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Broker Insurance Broker Broker-Agent Theft 179

Insurance Journal

AUGUST 21, 2024

Atlanta-based Titan Aerospace Insurance, one of the larger aviation insurance brokers, has acquired Plimsoll Specialty Markets, a boutique aviation and aerospace brokerage house also based in Atlanta. Michael Clark, president of Plimsoll, is now president of Titan Specialty Markets, the …

Insurance Broker 279

Insurance Broker Broker Insurer Insurance 279

Insurance Journal

OCTOBER 3, 2024

Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As part of the acquisition, a new entity will be created called …

Broker 278

Broker Commercial Insurance Broker Insurer 278

Insurance Journal

AUGUST 20, 2024

Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port blockage insurance facility, covering shipping ports and terminals around the world. Created by Marsh following the collapse of the Francis …

Insurance Broker 277

Insurance Broker Broker Insurer Insurance 277

Insurance Journal

OCTOBER 8, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 290

Insurance Carrier Insurance Broker Broker Insurer 290