Insurtech Insights’ Post

PCF Insurance Services, one of the top twenty US insurance brokers operating across 40 states, has announced the acquisition of four key agencies: Ignitist in Pennsylvania, The Brady Agency in North Carolina, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency in Iowa. Brooke King DeWyze, CPA, CIC, (pictured), Chief Development Officer, commented: “At PCF Insurance, we are committed to accelerated and strategic expansion through M&A—not to be confused with high-volume. Our approach to M&A enables us to grow our operations in key markets—based on our analysis for growth potential and alignment with our current footprint—while ensuring that each new business that we integrate aligns with our long-term vision and enhances our capabilities and specialisation in key industry verticals. Read the full story here 👉 https://lnkd.in/gf63cRBS #InsurtechInsights #InsuranceNews #Acquisitions

Inszone Insurance Services has successfully concluded the acquisition of LPL Insurance Consultants Agency, Inc. Clients of LPL Insurance can expect a smooth transition, as confirmed by reliable sources. The assurance extends to the continuation of the same high-quality service and support they have grown accustomed to, now reinforced by the extensive resources and capabilities of Inszone Insurance. Chris Walters, CEO of Inszone Insurance Services, commented, saying: “The rich history of LPL Insurance and the team’s dedication to their community aligns perfectly with our mission to provide exceptional insurance services.” Check the link in the comments for the full story 👇 #insurtechinsights #insurancenews #mergersandacquisitions

🤔 Is Market Consolidation good? 🤔 Insurance Brokerages are buying agencies left and right ... having been in the industry for nearing a decade I have mixed feeling about this. Insurance was once a great stepping stone into Entrepreneurship, with a low barrier of entry, and low overhead, many people were able to seek their American dream of building a book of business they could pass down to their children. Fast foward to now, Financiers have been losing money on the carrier side, so they've turned their focus to the brokerage. Brokerages: ✅️ run anywhere from 40-70% profit margins ✅️ inflation proof because premiums increase year over year meaning commissions follow ✅️ client retention is 90+% Is this a good thing? Depends, if you want to have an RFP and your interviewing any of the companies in orange, then truly you're interviewing Blackrock and Blackrock.... To me, it feels like a sick joke. executives are looking at agents like gladiators fighting for their lifes, while they sit back and view the balance sheets like the spectacle for entertainment purposes. 🔸️Marsh, NYSC: MMC | BR- 8.3% 🔸️Aon, NYSC: AON | BR- 6.4% 🔸️Willis, NYSC: WTW | BR- 10.1% 🔸️AJG, NYSC: AJG | BR- 8.1% 🔹️Hub, private equity 🔸️Brown & Brown, NYSC: BRO | BR: 5.82% 🔹️Lockton, private equity 🔹️USI, private equity 🔸️NFP, owned by AON ❓️What does competition actually mean? Why is the Sherman Anti-Trust legislation only 3 sentences long? ❓️ ➡️ Support local ➡️ Build with purpose not just IRR ➡️ Stakeholder theory > Shareholder ➡️ Community > Individualism Now we have a choice we either empower our countrymen, or we disenfranchise everyone. 👉 Help me, help you DM me Austin A. Setzer, CLCS RCIP 👉 Let's build this city, follow Contractors, Closers & Connections (CCC) of Washington DC 👉 Let's connect the dots and get projects done!

Reinsurance is an essential tool insurance companies use to manage risks and the amount of capital they must hold to support those risks. Berkley is a specialty Property & Casualty reinsurer that supports a wide range of U.S. and international insurance companies with personal and commercial business solutions. This allows other insurance companies to reduce their liability by transferring a portion of the risk to Berkley through treaty and facultative placements. Berkley can do more than just provide reinsurance capacity to our customers on a proportional or excess of loss basis—we can also assist our customers who enter into new classes of businesses or help develop products that are new to the market. Nine Berkley Businesses offer reinsurance on a variety of products. Head to the comments to hear from some of these Berkley Businesses ⬇️ and visit https://ow.ly/xI7V50ShUHn to learn more.

PCF Insurance Services, a leading U.S. insurance brokerage, announced today the acquisition of the insurance business of Top Insurance Services Associates, an all-lines insurance agency based in Snohomish, Washington. Brooke King DeWyze, Chief Development Officer of PCF Insurance, emphasised the strategic value of the acquisition, stating, “Our acquisition of the Top Insurance Associates team aligns with our strategy to grow within target markets and specific industries." Read the full story here: https://lnkd.in/exTznUTh #insurtechinsights #acquisition #insurance #insurancenews

Think cyber-liability insurance is something you should have but aren’t sure? Send us a message and we can help you find out! #quicktechtip #lifehack #businesstip #merIT #piedmontNC

In construction insurance, the power of building relationships is essential for partner agents, who create a bridge between the customer and the carrier, providing two-way support and safeguarding trust. https://ow.ly/WUgS50QsFUx

In construction insurance, the power of building relationships is essential for partner agents, who create a bridge between the customer and the carrier, providing two-way support and safeguarding trust. https://ow.ly/3SAU50SlFGI

Talanx, an insurance group, completed the acquisition of the Latin America business of Liberty Mutual Insurance, an insurance company, for $ 1.48bn. "The acquisition is a major milestone in our strategic success story in Latin America. We are delighted to have advanced into the top 2 P&C insurers as a result of all Liberty acquisitions. I'd like to extend a warm welcome to our new colleagues, distribution partners and customers in Chile, Colombia and Ecuador. I have no doubt that we shall combine our know-how and global resources with the skills and experience of Liberty Seguros and thereby enhance our power of scale, innovation and competitiveness for the benefit of our distribution partners and customers on the Latin American market," Wilm Langenbach, Talanx Member of Board. Talanx (led by Torsten Leue, Wilm Langenbach, Jan Wicke and Dr. Henning Kuschewitz) was advised by Rothschild & Co, Hogan Lovells (led by Prof. Dr. Michael Schlitt, Birgit Reese and Jasper Howard) and Machado, Meyer, Sendacz e Opice Advogados (led by Thomaz Kastrup and Fernando Tonanni). Liberty Mutual Insurance (led by Tim Sweeney, Chris Peirce, Vlad Barbalat and Damon Hart) was advised by J.P. Morgan and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Todd Freed). #MergersAcquisitionsDivestitures #Insurance #LatinAmerica

Jett Abramson, CPCU, EVP of Casualty and National Construction Practice Leader at Amwins Group, shares insights on the evolving construction insurance market. While the overall insurance industry may be shifting, growth in the E&S segment remains strong, especially as capacity in both standard and E&S lines changes. Learn how these trends are shaping the future of the industry. https://hubs.la/Q02PmX9s0