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6
11, 2015
Independent Agency Profitability, Organic Growth Dipped in Q3: Reagan Consulting
Independent insurance agents and brokers posted median organic growth of 4.4 percent for the third quarter of 2015, compared with 6.0 percent in the third quarter of 2014, as measured by the Reagan Consulting Organic Growth and Profitability (OGP) quarterly …
5
11, 2015
Dual Commercial Hires Broomfield for Environmental Program in New York
Dual Commercial LLC, a specialty program administrator based in Naples, Florida, has hired John Broomfield as senior underwriter for the firm’s the Environmental Division. He is based in New York City. Broomfield has more than 15 years of insurance experience …
9
11, 2015
All Web Leads to Acquire Bankrate’s Insurance Division
Austin, Texas-based All Web Leads (AWL), a Genstar Capital portfolio company, announced an agreement to acquire insuranceQuotes.com, Bankrate Inc.’s insurance division. The total transaction purchase price is $165 million and the transaction is expected to close by the end of …
4
11, 2015
AIG CEO Hancock Rejects Icahn’s Breakup Plan
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets. The stock declined …
6
11, 2015
Best Agency to Work For – West: Der Manouel, Where Improvement Is Key
FRESNO, CALIFORNIA Der Manouel Best Agency to Work For – West Building a great agency starts with building great people. That should be the slogan for Der Manouel Insurance Group in Fresno, Calif. Employees think highly of the agency, and …
5
11, 2015
A.M. Best Upgrades Issuer Credit Rating of Auto Club Insurance Company of Florida
A.M. Best has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” of Auto Club Insurance Company of Florida (ACICF) in Tampa. Concurrently, A.M. Best has affirmed ACICF’s financial strength rating of B++ (Good). The outlook for both ratings …
9
11, 2015
Accident Fund Insurance Promotes Seling to VP
Accident Fund Insurance Company of America has promoted Mike Seling to vice president of Business Development/Regional Operations. Seling, a 13-year veteran of Accident Fund, began his career in the Finance department and has spent the past eight years in business …
4
11, 2015
Best Agency to Work For – South Central: Hotchkiss Insurance Agency
CARROLLTON, TEXAS Hotchkiss Insurance Agency Best Agency to Work For – South Central Customer-Centric, Employee-Focused, Community-Oriented Customer service, customer service, customer service. Employees repeated those words over and over again in their comments about Hotchkiss Insurance Agency, Insurance Journal’s 2015 …
6
11, 2015
Alliant in California Names Sampiere Chief Information Officer
Newport Beach, Calif.-based Alliant Insurance Services has named Steve Sampiere chief information officer. Sampiere will direct a breadth of initiatives focusing on innovation, security and facilities. He takes the reins of CIO from Ilene Anders, who became chief financial officer …
5
11, 2015
Best Agency to Work For – Midwest: Powers Insurance & Benefits
CLAYTON, MISSOURI Powers Insurance & Benefits Best Agency to Work For – Midwest Powers Insurance & Benefits: Growth, Profitability, Perpetuation Employees at Powers Insurance & Benefits in Clayton, Mo., are enthused about the agency’s family atmosphere, its team …