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The Council of Insurance Agents & Brokers

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The Council of Insurance Agents & Brokers

History:

The Council of Insurance Agents & Brokers has a long history rich in tradition. The backbone of The Council was established in 1913, when the National Association of Casualty & Surety Agents formed and held its first convention in Cincinnati to discuss state regulation. The association, which later became The Council following a name change in October 1993, held its first formal meeting at The Greenbrier in West Virginia in 1914. With the exception of a few years in the 1920’s and during World War II, industry leaders have been meeting in a unique setting on an annual basis ever since.

The annual Insurance Leadership Forum was a place where leading agents, brokers and companies came together in a powerful setting to discuss issues that had an impact on the industry and consider what it would take to protect commercial enterprise from risks. In time, the meeting took on a life of its own and the aura surrounding it remains to this day.

As the commercial insurance industry evolved, so too did the associations that represented it. The National Association of Insurance Brokers (NAIB) was established in 1933 to promote the interests of commercial insurance brokers. For decades, the NAIB represented the largest brokerages in the world, but an onslaught of mergers and acquisitions in the 1980s and 1990s eliminated the need for multiple associations.

Following this period of major consolidation in the commercial insurance industry, the NAIB was merged into The Council in 1998. The transition was a smooth one, thanks to the strategic foresight by The Council’s leadership to gradually rearrange the operating structure of the association over the next decade.

In recent years, The Council has become the leading advocate for commercial insurance brokers on both property/casualty and employee benefits issues. The Council keeps brokers’ interests at center stage as legislation is proposed on Capitol Hill, as policies are developed at the White House and as federal agencies address important industry issues in the regulatory process. To this day, The Council continues to advocate for the easing of burdensome state-by-state insurance regulatory barriers on issues such as uniform producer licensing and surplus lines compliance.

With nearly 20% of its membership now headquartered outside of the United States, The Council is proud to be the premier association for the top national, regional and international commercial brokerage firms and agencies in the United States and around the world. Based in Washington, D.C., The Council represents member firms that annually place more than $200 billion in commercial property/casualty and employee benefits premium worldwide.

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