Business Moves

National

PCF Insurance Services, The Brady Agency, Ignitist, Roseberry Insurance Agency, Sinnot Agency

Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi and Iowa.

Lehi, Utah-based PCF acquired The Brady Agency, based in North Carolina with service to Virginia; Ignitist, a Medicare and senior benefits specialist in Pennsylvania; Roseberry Insurance Agency, a P/C coverage specialist in Mississippi; and Sinnot Agency of Iowa.

PCF said Brady will unite with Insurance Associates of Triad, a PCF business in Asheboro, North Carolina.

The brokerage operates in 40 states. In May, PCF acquired All Star Insurance in Texas and Encore Advisors in Georgia. In April, PCF acquired Alabama’s MK Insurance Group.

Zurich, AIG Travel Guard

Zurich announced it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million.

The deal, according to Zurich, may include an additional payment if specific targets are met after the sale, which is expected to close by the end of 2024.

Zurich called travel insurance a “priority” and said AIG’s Travel Guard business will expand its U.S. footprint as a part of Zurich’s travel insurance provider, Cover-More Group, making it a leader in the line.

The deal also includes AIG’s global service centers but AIG said the transaction excludes travel coverages offered through AIG’s A&H business.

South Central

Sunstar Insurance Group, First Arkansas Insurance

Sunstar Insurance Group LLC announced a merger with First Arkansas Insurance in Pine Bluff, elevating Sunstar’s statewide presence to now include 14 independent insurance locations and over 120 employees generating almost $19 million in combined revenue.

First Arkansas will continue to operate with the same leadership team and employees, as a division of Sunstar.

Sunstar Insurance Group, based in Memphis, was founded in 2012 by Chairman and CEO David “Casey” Bowlin and has grown to become the 32nd largest property/casualty insurance agency in the U.S. as ranked by Insurance Journal.

Artemis Risk Solutions

Artemis Risk Solutions, a recently formed insurance brokerage specializing in employee benefit solutions, property/casualty and personal lines, formally announced its launch.

Co-founded by industry veterans Clint Anderson, chief revenue officer, and David Lamb, president, P&C, Artemis is headquartered in Dallas with representatives throughout the U.S.

The organization is led by Chris Burns, CEO, who has over 40 years of leadership experience in the insurance brokerage, insurance, and insurtech industries. Burns previously served as CEO of the employee benefits practice at Willis Group in New York City and London.

Chris Cordes serves as the Nashville-based president and leads with a career spanning 35 years and extensive expertise in sales leadership, organizational development, and growth strategies.

Artemis also named Dr. Charles Van Duyne as chief medical advisor to proactively work with clients and recommend paths toward improved employee health and engagement.

Artemis Risk Solutions’ suite of services encompasses employee benefits, property/casualty and personal lines.

Southeast

PointeNorth Insurance Group, McCrary-Daniels Insurance

PointeNorth Insurance Group has acquired McCrary-Daniels Insurance, based in Douglas, Georgia.

McCrary-Daniels has been in business for 100 years, offering personal and commercial insurance products. Johnathan Day is an owner and Henry (Randy) Stallings Jr., is owner/managing member.

PointeNorth is headquartered in Atlanta.

West

Emerald Bay Risk Solutions, Lightspeed Specialty Insurance Solutions

Emerald Bay Risk Solutions is partnering with Lightspeed Specialty Insurance Solutions to launch an insurance facility in California that delivers coverage for homeowners and landlords.

The facility will primarily target owner- or tenant-occupied dwellings across the state, providing property and liability insurance in low wildfire risk areas.

Emerald Bay is a specialty insurance firm that provides admitted and surplus lines insurance products and services.

Lightspeed is a California homeowners property specialist. Lightspeed is a subsidiary of Volnay Insurance Holdings, a Lloyds cover holder.