2015 mergers and acquisitions News

Vertafore Acquires Florida-Based Agency Technology Provider QQ Solutions

Insurance software provider Vertafore, has acquired QQ Solutions, Inc., a provider of agency management systems and a comparative rater offering. The move expands Vertafore’s portfolio of agency management systems and rating products and further expands Vertafore’s rating capabilities in Texas …

Florida-Based Triton Acquires Phoenix Insurance, Expands into Commercial Market

Triton Insurance Group, Inc., based in Margate, Fla., has entered the commercial insurance market with the acquisition of Phoenix Insurance Group, located in Coral Springs. Currently, Triton Insurance Group, Inc., offers personal lines insurance in the state of Florida and …

Crum & Forster Acquires Redwoods Group in North Carolina

The Redwoods Group, a provider of insurance to YMCAs, Jewish community centers and residential and day camps, has agreed to a merger with specialty insurer Crum & Forster, part of Fairfax Financial Holdings Ltd. Terms of the deal were not …

NFP Acquires North Carolina-Based Trinity Consulting

Insurance broker and consultant NFP has expanded its P&C capabilities and added to its employee benefits operation by acquiring Trinity Consulting. The transaction closed on March 3, 2015. A large risk management and regional employee benefits firm based in Charlotte, …

Patriot National Acquires Florida-based TriGen Insurance Solutions

Patriot National, Inc. has acquired TriGen Insurance Solutions, a specialty insurance brokerage based in Boca Raton, Fla., with offices in Orlando and Atlanta. The total purchase price, assuming all earn-out criteria are met, would be a maximum of $9.74 million, …

Hilb Group Acquires Florida-Based West Coast Insurance

The Hilb Group, LLC (THG) has acquired West Coast Insurance (WCI) of Tampa, Fla. The transaction became effective on March 1. WCI will continue to operate at its current location under the leadership of previous owner and president, George Lackey. …

USI Targets Southeast for Growth with Newly-Acquired Georgia Offices

Following USI Insurance Services’ acquisition of two insurance brokerage offices in Savannah, Ga., from Wells Fargo Insurance and Willis North America, the USI Southeast region has announced it plans to aggressively grow this market through ongoing investment and future expansion. …

Enstar Completes Acquisition of South Carolina-based Companion

A wholly owned subsidiariy of Enstar Group Ltd. has completed its acquisition of Companion Property and Casualty Insurance Co. from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and …

NFP Acquires Michelsen Benefits in North Carolina

New York-based insurance brokerage and consultant NFP has expanded its corporate benefits practice with the acquisition of Charlotte, N.C.-based Michelsen Benefits Group Inc., or The Michelsen Group (TMG). The transaction closed November 1, 2014. TMG specializes in consulting services to …

QBE Selling U.S. Agency Businesses to Alliant for $300M

QBE Insurance Group Ltd. of Australia is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The agencies being bought by Alliant include Community Association Underwriters (CAU), Deep South Insurance …