The M&A Frenzy

“I’m being bought out!”

“We’re merging with an agency five times our size that will take our revenue to a whole new level!”

While expressions of excitement like the ones above might be music to the ears of an owner considering selling an agency, beware!

When it comes to selling an insurance agency, I’ve heard my share of mixed results during 25-plus years working in the industry and underwriting specialty risk — often for insurance agents and brokers whose firms are in the process of merging or being acquired.

Some sellers happily sail into

It’s in part because of cases like this that a little-known corner of the insurance market has been growing, and fast. These days, almost half of large employers buy insurance coverage for claims of discrimination and harassment: it’s called Employment Practices Liability Insurance, and it was almost non-existent 25 years ago.

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John BiancoThe M&A Frenzy

Workplace sexual harassment has been in the news once again as several women have publicly alleged that they were sexually harassed by the former head of Fox News, Roger Ailes.

It’s in part because of cases like this that a little-known corner of the insurance market has been growing, and fast. These days, almost half of large employers buy insurance coverage for claims of discrimination and harassment: it’s called Employment Practices Liability Insurance, and it was almost non-existent 25 years ago.

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John BiancoA Salary Threshold Working Over Time

Workplace sexual harassment has been in the news once again as several women have publicly alleged that they were sexually harassed by the former head of Fox News, Roger Ailes.

It’s in part because of cases like this that a little-known corner of the insurance market has been growing, and fast. These days, almost half of large employers buy insurance coverage for claims of discrimination and harassment: it’s called Employment Practices Liability Insurance, and it was almost non-existent 25 years ago.

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John BiancoMore companies insure against employee harassment

BRP underwrites and administers professional liability insurance, also known as E&O (errors and omissions); management liability insurance for directors and officers, employment practices, fiduciary liability, crime and excess; cyber liability insurance; and similar products for banks and broker/dealers.

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John BiancoDoherty finds growing niche in Hartford’s insurance ecosystem

As anyone who’s involved in the professional liability arena knows, it’s a dynamic and constantly evolving market that is influenced strongly by trends in the economy, social norms, and a host of other factors. To get a sense of where the market has been and where it’s likely to go, Rough Notes spoke with Lisa Doherty, president and chief executive officer of Business Risk Partners (BRP) in Windsor, Connecticut, a managing general underwriter and program manager that specializes in professional liability, management liability, and data breach/ privacy insurance as well as hybridized specialty solutions.

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John BiancoProfessional Liability Trends: Turning Challenges Into Opportunities