Tag: Mercury

25
Apr

Mercury Insurance Awarded by Forbes

Once again, Mercury Insurance has been named one of America’s most trustworthy companies’ by Forbes Magazine. As a former Mercury Agent and Vendor that currently services many Mercury Agents, we’re extremely happy for them and the timing couldn’t be better as they’re celebrating their 50th anniversary. You can read the full article here. Congrats!

1
Dec

SOLD: Small Mercury, Safeco Book of Business For Sale

Location: Sacramento, Ca. Agency Description: 100% Personal Lines Carriers include: Mercury, Safeco, Unitrin, Travelers, Commerce West, Progressive Perfect Fold In to Existing Agency Revenue: $88,000 (50% Mercury, SafeCo) Book is mostly monoline business. Full of Cross Sell Opportunities. Must be Existing Mercury Agent to Purchase Click here for a Non-Disclosure Agreement to receive additional information

11
Oct

Preferred Personal and Commercial Lines Insurance Agencies in High Demand

If you own an agency with a heavy carrier concentration in Mercury, Safeco, Travelers, Hartford, Allied or other preferred market and are considering selling in the next year, you can fetch top dollar for your agency. Even though the economy is sour and banks aren’t lending money, there’s a lot of money on the sidelines from  buyers looking to grow

Read more

4
May

Mercury General Reports Implements Salary Freeze, 7% Workforce Reduction

Mercury General reported net income in the first quarter 2009 was $96.7 million compared with net loss of $4 million for the same period in 2008. Included in net income are net realized investment gains, net of tax, of $50.7 million in the first quarter of 2009 compared with net realized investment losses, net of tax, of $59.9 million for

Read more

17
Apr

Mercury Insurance Named One of America’s Most Trustworthy Companies

Los Angeles-based Mercury Insurance has been named as one of America’s 100 Most Trustworthy Companies in an annual survey commissioned by Forbes.com. Mercury is only one of 10 companies to appear on the list three years in a row, and the company achieved the highest score awarded for the second consecutive year.

6
Feb

Mercury Chairman George Joseph: Independent Agents Always Have a Future

George Joseph of Mercury Insurance recently spoke to the IBA West and had this to say about the independent agency system. You can read the full article here – compliments of the Insurance Journal.

7
Jan

Aon Completes Sale of Auto Insurance Specialists to Mercury General

Aon reported they’ve completed the sale of Auto Insurance Specialists to Mercury General Corp. Chicago-based insurance broker Aon Corp. has completed the sale of AIS Management, LLC, which is the parent company of Auto Insurance Specialists, LLC, to Mercury General Corp. Aon said it received $120 million in cash at the closing on Jan. 2, and may receive potential earn

Read more

21
Nov

Mercury, Safeco and other Preferred Insurance Agencies

If you own a preferred book of business and are considering selling it in the next six months, we have buyers ready, willing and able to buy your agency. The demand for insurance agencies hasn’t waned in spite of the economic turmoil we’re in. It’s harder to borrow money to buy an agency, but many of our buyers are capitalized

Read more

27
Oct

Mercury General Corporation Announces Agreement to Acquire Auto Insurance Specialists

I’m sure many of you have heard that Mercury Insurance Company acquired The Auto Insurance Specialists. This came as quite a shock to many people in the insurance industry. You can read the full article here.

27
Aug

NO LONGER AVAILABLE: Small Mercury Agency for Sale in Los Angeles

Location: Los Angeles, Ca. Annual Revenue: $145,000 Asking Price: $250,000 Agency Description: