Business Moves

National

Confie, Acceptance Insurance

Confie has added Acceptance Insurance’s retail division to its family of brands.

Confie said its latest acquisition expands its footprint to 26 states across the U.S. with the retail store additions in Ohio, Pennsylvania and Mississippi.

Acceptance Insurance operates more than 288 retail locations in 13 states where it sells and services primarily non-standard insurance. Acceptance’s product portfolio primarily includes auto, motorcycle, renters and home insurance products. It will continue to operate under its current brand.

East

Risk Strategies, Prince Associates

Boston-based Risk Strategies has acquired Prince Associates Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New York.

Led by Leith Baren and Craig Sherman, Prince Associates serves clients across 41 states in various industries including waste disposal, manufacturing, animal shelters, hospitality and real estate. It offers risk management reviews, loss control analysis, claims handling overviews, flexible financing and alternative risk transfer options. Prince Associates also provides personal lines coverages including homeowners, property, renters, auto, flood and identity theft.

Bailey Place Insurance, Tanner Ibbotson

Bailey Place Insurance has agreed to acquire Tanner Ibbotson in a merger of two historic Cortland, New York-based independent insurance agencies.

Effective April 1, Tanner Ibbotson’s office on West Road will close. No layoffs are planned and most of the expanded 30-plus person Bailey Place workforce will operate from the company’s North Main Street offices in downtown Cortland. Bailey Place also has offices in Dryden and Ithaca.

Bailey Place’s roots in Cortland go back to 1858. Tanner Ibbotson was founded in 1928.

Midwest

Specialty Program Group, Insurance Allies

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, acquired the assets of Insurance Allies LLC, which specializes in the axe throwing and sports and entertainment industry, operating the website AxeThrowingInsurance.com.

Chicago-based Insurance Allies services approximately 700 entertainment venues including numerous mobile-only venues across the U.S. In addition, Insurance Allies has expanded coverages and services to numerous other sports and recreational industries, including pickleball, haunted houses, smash rooms, go-kart venues, escape rooms, laser tag and many others.

Specialty Program Group is a specialty platform headquartered in Chicago.

Arthur J. Gallagher, Coverys Insurance

Arthur J. Gallagher & Co. has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services.

Coverys Insurance Services is a full-service insurance broker specializing in medical malpractice and professional liability for healthcare clients throughout Michigan. The Coverys Insurance Services team will remain in their current location under the direction of Ryan Isaacs, head of Gallagher’s Midwest region retail property/casualty brokerage operations.

South Central

Inszone, Max Breisse Insurance Agency

Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, has acquired Max Breisse Insurance Agency.

Based in Katy, Texas, the acquired agency was founded by Max Briesse in September of 2007. The physical office in Katy will remain open.

Higginbotham, Marshall Young Insurance

Higginbotham announced a strategic alliance with Marshall Young Insurance of Cleburne, Texas.

Founded in 1965 by Marshall Young as a construction, real estate, and insurance firm, Marshall Young Insurance now brings insurance solutions to a wide range of personal and commercial clients. At the firm, focused teams share specialized expertise with niche industry clients such as restaurants, propane and fuel dealers, pest control, childcare centers, churches, golf courses, convenience stores, contractors, warehouses, and logistics operations.

Higginbotham is headquartered in Fort Worth, Texas.

Southeast

Higginbotham, WRM Group

WRM Group, formed just over a year ago with the merger of two of Alabama’s oldest insurance agencies, has now joined Higginbotham.

WRM, which stands for Where Relationships Matter, was founded in 2022 when Byars/Wright Insurance, in Birmingham, and Pritchett-Moore Insurance of Tuscaloosa merged. Both firms were more than 75 years old and have offices around the state.

Choice Financial Group, Jeff D. Hackmeier and Associates

Virginia-based Choice Financial Group acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net worth clients.

Hackmeier, based in Bay Harbor Islands, near Miami, has been in business since 1978. It provides employee benefits, life, disability, long-term care and health insurance products.

The acquisition is Choice Financial’s eighth this year and expands the firm’s presence on the East Coast. Insurance industry veteran Bob Hilb is CEO of Choice.

West

IMA, LTC Performance Strategies

LTC Performance Strategies Inc. in Southern California has been acquired by IMA Financial Group.

Following the acquisition, LTC’s leadership will join IMA. LTC will become LTC, an IMA company and will maintain its headquarters in Valencia, California. LTC will complement IMA’s employee benefits services.

IMA is an independent broker and a majority employee-owned and managed company with 2,300-plus associates in offices across the country. It specializes in risk management, insurance, wholesale brokerage and wealth management.

Inszone, Letherer Insurance Consultants

Inszone Insurance Services acquired Letherer Insurance Consultants, based in New Mexico.

Letherer Insurance Consultants specializes in professional liability coverage for attorneys, dentists, doctors and accountants.

Sacramento, California-based Inszone is an insurance brokerage that provides property/casualty insurance and employee benefits.

Brown & Brown, Automotive Business Solutions

Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions.

The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado.

ABS is an administrator of warranty products in the automotive aftermarket, providing nationwide parts and labor repair warranties, national road hazard programs and component-specific warranties.

Brown & Brown Inc. is a brokerage firm with roughly 500 locations worldwide.

Topics California Texas