Al Diamond has been deeply involved in all facets of insurance agency and company operations including merger, acquisition and divestiture, perpetuation and strategic planning, organizational development, compensation and salary administration programs, administrative and financial operations and marketing and automation planning, ESOP, and perpetuation issues. Mr. Diamond also helps agencies create and develop direct marketing programs to enhance agency production.
Mr. Diamond has spent over four decades in the insurance industry working for both stock and direct writing insurance companies and as an independent businessman. He has been Operations Manager of a major insurance company, Chief Operating Officer of three insurance agencies and has been President of Agency Consulting Group, Inc, a national consulting firm for insurance agencies since 1985.
Mr. Diamond is a past president and a current member of the American Association of Insurance Management Consultants (AAIMCO). He was a charter member of the Quality Insurance Congress. Mr. Diamond is Chairman for the Appraisal Standards and Guidelines Committee in the design of appraisal standards for the insurance agency industry for AAIMCO. Mr. Diamond acts as independent moderator for disputes arising from insurance agency operations, and as a facilitator for mergers, acquisitions, divestitures and internal perpetuation plans.
Mr. Diamond speaks to local, state and national insurance agency groups, trade associations and carriers in every part of the U.S. each year on a variety of topics critical to the growth, profitability and productivity of insurance agencies.
Mr. Diamond writes The PIPELINE, a national newsletter for insurance agency principals and insurance industry executives. THE PIPELINE has been published continuously on a monthly basis since 1985 and is distributed to agents, associations, and carriers.
Mr. Diamond's practice includes annual valuation and analyses of insurance agencies throughout the United States. Mr. Diamond and Agency Consulting Group, Inc. are one of the few consulting firms operating nationwide through the U.S. and Canada for agency valuation and consulting services from its Cherry Hill, NJ location. Since 1985 Agency Consulting Group, Inc. has collected financial data and published the averages of common revenue and expense categories for independent insurance agencies in various size groups. These averages have been published in the Pipeline and in various other trade publications annually and appears on-line at the organization’s website, www.agencyconsulting.com
Agency Consulting Group offers the following services:
• Agency Automation
• Agency Clusters
• Agency Valuations
• Crisis Management
• Expert Witness & Litigation Support
• Marketing & Sales Planning
• Mergers, Acquisitions & Divestitures
• Organizational Development
• Perpetuation Planning
• Producer Acquisition,
• Compensation & Management
• Strategic Planning
• Virtual Insurance Agency
Last updated: November 2020