“The BIC is such an amazing space with a great business community. You receive so much support from the team!" Insurance broker JM Glendinning (Insurance Brokers) Ltd moved to the BIC to accommodate their growing team after a successful 12 months of trading for the firm! Learn more about their expansion to the BIC below: https://loom.ly/gLYcqm8
North East BIC’s Post
More Relevant Posts
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Commercial Insurance Broker | Providing Customized Risk Management Solutions to Protect Your Business
With 2024 off to a hot start, some team members were discussing the roadmap for Valor Insurance Brokers in 2024. One topic that kept coming up was taking action. Taking action on goals, taking action on task management, taking action on data, and taking action to grow personally. You get the point. This is something we did well in 2023 as a team. We saw the results of our efforts in a big way by simply incorporating a plan of action and executing it. "Someday isn't a day of the week. You won't find it on the calendar." What is an action you're going to take in 2024?
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Tomorrow is National Family Business Day created by the global family business champions Family Business United 🎉 We can't wait to celebrate National Family Business Day! 🏢 At Plan Insurance Brokers, we're proud to be a family-owned and operated business, serving our clients with dedication and trust for over 30 years. #familybusiness #NationalFamilyBusinessDay #familybusinessday #commercialinsurance #insurancebroker #GBFAMILYBIZDAY
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🤔 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!
Gallagher is expanding its insurance brokerage services with the acquisition of Crawford Insurance, LLC, based in Pittsburgh, Pennsylvania. “Crawford Insurance has long-standing market expertise as a multi-generation family business and shares our commitment to client service,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am delighted to welcome Jim and his associates to Gallagher.” Read the full press release here: https://okt.to/MaGXuS #MergersAndAcquisitions
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Driving Innovation as a Technical Lead at Binariks Inc. | Solving Complex Challenges in Insurance and HealthTech | Where Code, Compassion, and Innovation Collide
💡 Hagerty Re Stays Steady as Parent Company Expands: Acquisition No Threat to Ratings 📍 Good news for Hagerty Re! Despite parent company Hagerty's purchase of Consolidated National Insurance Company, AM Best assures no impact on Hagerty Re's credit ratings. This strategic move, designed to widen Hagerty's insurance offerings, won't harm Hagerty Re's financial strength in the near term. However, AM Best will monitor the acquisition closely, prepared to adjust ratings if necessary. 📍 In short, Hagerty Re can navigate this expansion while maintaining its financial stability. #insurance #insurtechinsights #insuranceinnovation https://lnkd.in/ehbpQhH5
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Excellent information on underwriting transformation on the breakout session this afternoon at the LIMRA conference. Panel: Richard Buteau of LIBRA Insurance Partners, Jennifer Herz of EY, and Dennis Martin of OneAmerica
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Excellent information on underwriting transformation on the breakout session this afternoon at the LIMRA conference. Panel: Richard Buteau of LIBRA Insurance Partners, Jennifer Herz of EY, and Dennis Martin of OneAmerica
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For insurance carriers, getting quote requests is the easy part. But it's no secret that it’s much harder to turn those quotes into finalized policies. That’s why so many consumers fall into the “quoted not sold” segment — folks who raised their hands as potential policyholders but never took the next step. Read this post to see why this happens, and how Drips can help convert unsold records into committed policyholders. https://ow.ly/8Kpb30sF0yH
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Looking to maximize the FDIC insurance coverage on your funds? For some, insured cash sweep accounts can be a helpful strategy. Learn more about this unique product at the link.
What You Should Know about Insured Cash Sweep Accounts - Bankers Trust Education Center
https://education.bankerstrust.com
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Such a great post to start off the day! 😍 Your dedication and feedback drive us to excel every day. Let's continue this journey together, striving for even greater success. #BrokerAppreciation #FeedbackIsFuel #Fuschiapower #FORWARDinsurance
Just a quick Friday shoutout: Troy Moreira and his team at Forward Insurance Managers Ltd. are awesome! The growth my office is experiencing due to the ease of dealing with them, comprehensiveness of their products, and pricing makes previously challenging accounts a breeze to insure. If your brokerage isn't working with Forward....go poke your boss until they do. As of this morning they are only the 3rd MGA in the history of my brokerage that we have enough of volume with to justify assigning them their own company code in our BMS. They have moved from MISC to FORWR in under 12 months.
