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BNET Business Dictionary
- Insurance Broker
- a person or company that acts as an intermediary between companies providing insurance and individuals or companies who need insurance
- Insurance Broker definition on BNET »
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- Broking In a Hard Market
- Faced with a series of new challenges — and increased scrutiny of their decisions — risk managers and financial executives are now turning to their insurance brokers for guidance. As a consequence, many insurance brokers reduced their emphasis on broking, touting instead their "consulting" skills. Larger brokerage firms attempted to...
- White papers 2002-10-14
- Marsh & McLennan May Buy HSBC's Insurance Brokerage Unit
- Less than a month ago insurance broker Marsh & McLennan CEO Brian Duperreault announced that he was going on a buying spree for acquisitions that would be "relatively small" individually, but "mighty" collectively. Duperreault, the former boss of Ace Ltd., moves fast. The latest rumor in the London...
- Blog posts 2009-11-25
Additional Resources
- Briefly.(Meadowbrook Insurance Group Inc. has been ranked as the 20th-best insurance broker.)(Wayne State University launched a billboard campaign.)(Northwood University to boost the enrollment and prestige of its MBA programs.)
- Meadowbrook earns top-20 insurance broker rating Southfield-based Meadowbrook Insurance Group Inc. has been ranked as the 20th-best insurance broker in the world by the July issue of Best's Review magazine, based on revenue, business developments i Meadowbrook earns top-20 insurance broker rating ...
- Research articles 2006-07-17
- Madoff Was 'Smooth as Silk' Says His Insurance Broker
- Billion-dollar scam artist Bernie Madoff wasn't big on insurance. But when he did buy it, he was "smooth as silk," says his insurance broker. In this tell-all era, everyone from former vice presidential candidate Sarah Palin to lover-and-leaver of a vice presidential candidate's daughter Levi Johnston is...
- Blog posts 2009-11-18
- Wesfarmers buys NZ insurance broker.
- Byline: Cathy Bolt Dec 07, 2006 (The West Australian - ABIX via COMTEX) -- Western Australian conglomerate Wesfarmers has acquired Crombie Lockwood, the latest private insurance broker in New Zealand. Wesfarmers reportedly paid more than $A100m for the business. Wesfarmers recently acquired...
- Research articles 2006-12-07
- Experts differ on Year 2000 crisis for B-Ds.(insurance broker-dealers, Year 2000 transition problem for computers)
- Computer experts do not agree on the scope of the threat posed to insurance broker-dealers by the Year 2000 transition problem for computers. Techmate Pres Rod Lueck reports that insurance broker-dealers have been aggressive in eliminating the Year 2000 problem. He reports that 40% of his clients will have shifted...
- Research articles 1998-03-09
- What To Look For In An Insurance Broker
- Considering that purchasing insurance is a very important financial decision you want your broker to be experienced so that they can take care of your insurance needs. One of the first things you can look for in an experienced insurance broker is their education. There are many certificates and seminars...
- White papers 2007-01-17
- Marsh Selected as Best Insurance Broker by Readers of Business Insurance
- MINNEAPOLIS -- Marsh Inc., the world's leading risk and insurance services firm, has been selected by the readers of Business Insurance as the best overall commercial lines retail insurance broker. Business Insurance, which has a total qualified circulation to more than 46,000 subscribers in finance, risk management, insurance, employee...
- Research articles 2005-10-13
- Why Should You Use an Insurance Broker?
- Using an insurance broker can help tremendously if your business lacks benefiting personnel or you have limited resources for health benefits administration. A local broker knows the insurance carriers in your area and can help you find the best plan for your business.
- White papers 2003-01-01
- Gallagher buy gives it reinsurance entry; Acquires N.J.'s John P. Woods as `cornerstone'.(insurance broker Arthur J. Gallagher & Co. buys John P. Woods Co., a reinsurance intermediary)(Brief Article)(Statistical Data Included)
- Arthur J. Gallagher & Co.'s acquisition of reinsurance intermediary John P. Woods Co. gives the Itasca-based insurance broker a beachhead in a growing market. Woods will be Gallagher's ``cornerstone or the hub of building that particular niche,' Arthur J. Gallagher & Co.'s acquisition of reinsurance...
- Research articles 2000-09-25
- Wachovia Buys Upscale Insurance Broker.(Brief Article)
- Wachovia Corp. in Winston-Salem, N.C. has agreed to buy a Charlotte-based insurance broker, Barry, Evans, Josephs & Snipes, which specializes in sales to affluent families and corporate executive benefit programs. Wachovia Corp. in Winston-Salem, N.C. has agreed to buy a Charlotte-based insurance broker,...
- Research articles 1999-07-26
- Former California Insurance Broker Is Convicted in Texas.(Originated from The Orange County Register, Calif.)
- May 7--A Brea insurance broker who left California after repeated run-ins with state regulators has been convicted of federal mail-fraud charges in Texas. May 7--A Brea insurance broker who left California after repeated run-ins with state regulators has been convicted of federal mail-fraud charges in...
- Research articles 1996-05-07
- New York attorney general sues California insurance broker for alleged payoffs.
- By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News Nov. 13--New York Attorney General Eliot Spitzer sued a California insurance broker Friday for allegedly taking payoffs to steer clients to certain insurers while shutting out other companies, such as Aetna,...
- Research articles 2004-11-13
- Willis Completes Coyle Hamilton Acquisition - Creates Ireland's Premier Insurance Broker
- LONDON & NEW YORK -- Willis Group Holdings (NYSE:WSH), the global insurance broker, today announces that following the granting of regulatory approval, it has completed the acquisition of a 56% shareholding in Coyle Hamilton, the Republic of Ireland's largest privately owned insurance broker. It will acquire the remaining interests in...
- Research articles 2004-10-01
- Alexander Forbes International Risk Services Completes Transaction to Create Largest Private Insurance Broker
- LONDON -- Alexander Forbes International Risk Services AFIRS, the international insurance and risk management arm of Alexander Forbes Limited, today announced that they would be acquired by Lockton, Inc., creating the largest independent and privately owned global insurance broker with revenues in excess of $600m. When combined with AFIRS' position...
- Research articles 2006-08-21
- Finding an Insurance Broker
- All construction businesses need to have some commercial insurance in place to cover their business risks such as property damage due fire, flood, theft and liabilities arising from employees and the public. It might be difficult to obtain cover directly from insurance companies and other sources but a competent independent...
- White papers 2003-11-06
- New York attorney general sues another insurance broker in payoff probe.
- By Pradnya Joshi, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News Nov. 13--New York Attorney General Eliot Spitzer sued a second insurance broker Friday as part of his investigation into the insurance industry, saying Universal Life Resources Inc. received much of its ...
- Research articles 2004-11-13
- Willis Group Acquires Link Forsikringsmegling AS, a Leading Norwegian Insurance Broker
- NEW YORK -- Willis Group Holdings Limited (NYSE: WSH), the global insurance broker, announced today that it has entered into a contract to purchase Link Forsikringsmegling AS Link, the leading insurance broking and employee benefit business in Oslo. Terms were not disclosed; annualized revenues for 2005 were approximately $5 million....
- Research articles 2006-07-06
- Ten Things to Look for in an Insurance Broker
- This paper uses the letterman model and briefly reviews the top ten reasons to do business with an insurance broker. Unlike letterman the paper begins with the number one single most important quality that looks for in a broker, specifically the account manager and that is a through knowledge of...
- White papers
- Despite record sales, many broker-dealers apprehensive. (1997 meeting of insurance broker-dealers, International Association for Financial Planning)
- Independent insurance broker-dealers report a 52% increase in sales in 1996, compared with the previous year. However, they fear increased regulatory oversight, difficulty in finding appropriate investments for their clients, and inability to stretch processing capacity. Brokers attending the Jan 1997 meeting of the International Association for Financial Planning also...
- Research articles 1997-01-20
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