Size matters, according to a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic recession.
“Large brokers enjoy certain advantages of scope and scale,” said John Molka III, the author of the report. “At [...]
ProspX, Inc., the leader in on-demand collaboration and automation solutions for the commercial insurance industry, announced that it has teamed with Assurex Global, which represents $28 billion in annual premium volume, to deliver Assurex Global XpertConnect™. Assurex Global is using the ProspX platform to connect brokers, agencies and carriers in over 80 countries around the [...]
As a result of the development of a new long-range plan for 15-year-old Intercare Holdings Insurance Services, the firm’s senior management team has announced a series of strategic moves that have focused the Roseville-based company on its core competencies.
CEO George “Mac” McCleary detailed the plan, highlighting the divesture of an insurance brokerage operation and other [...]
enkins Insurance Group, a Leavitt Group affiliated agency, is pleased to announce the hiring of Scott W. Reynolds as a Vice President. Scott will lead Jenkins’ new Energy Practice with a focus on the Renewable Energy industry.
Reynolds has been in the insurance industry for 28 years with extensive experience in the Energy field. He was [...]
After thorough review of multiple agency management platforms, AgencyWorks receives a formal endorsement from National Brokerage Consortium (NBC) as the common platform of choice for all NBC members.
According to NBC Secretary Pete Caneer, “In world, insurance companies are looking for efficiencies from the national marketing organizations (NMOs) they deal with. If an NMO adopts a [...]
ET Solar Group Corp. a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic (”PV”) products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.
Arranged by Aon, world’s top insurance brokerage firm headquartered in New York, the cover is provided [...]
Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best’s Review’s annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with [...]
Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced a significant organizational change that strengthens the company’s leadership team while maintaining Alliant’s commitment to a flat management structure. Effective immediately, Ralph Hurst now directs the company’s retail operations as President, National Brokerage Group, while Sean McConlogue, President, Alliant Specialty Insurance Services, directs [...]
IHI provides an explanation on how those hit hardest with the downturn in the economy can access affordable options in healthcare coverage.
Rising unemployment, decreasing coverage from employers, and the high cost of COBRA insurance has more and more people turning to the individual health insurance market. Meant for both individuals, families, and the self-employed, this [...]
Aon Corporation announced that Greg Case, President and CEO, will present at the Annual Merrill Lynch Insurance Investor Conference in New York on Wednesday, February 25, 2009 at 11:45 a.m. Eastern Time. Interested parties may access an audio webcast of the presentation at www.aon.com. A replay of the webcast will be available within 24 hours [...]
