Maritime Program Group (MPG), Inc. of Westbrook, Conn., has merged with Atlanta-based Axiom Insurance Management, Ltd. MPG’s President, Christopher Pesce, said the merger with Axiom positions the company to trade on Axiom’s expertise in heavier commercial marine operations as well …
DTRT Insurance Group (Do The Right Thing) has acquired Setnor and Associates, a retail property and casualty insurance brokerage firm based in Miami. The acquisition will expand DTRT’s footprint into a new city and market where the company said it …
Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’ demands. Phoenix, Britain’s largest owner …
USI Insurance Services has entered into an agreement in principle to acquire Johnson & Bryan, a retail property-casualty and employee benefits insurance brokerage firm based in Atlanta. The acquisition will expand USI’s footprint into a new city and market where …
Confie, a national provider of personal and commercial lines insurance, has acquired Absolute Insurance Agency, Inc., in Miami. Absolute, established in 1989, focuses on providing non-standard auto insurance. Confie has completed 14 acquisitions thus far in 2016. According to CEO …
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Benefits Advisory Group, an Atlanta-based employee benefits consulting firm. Terms of the transaction were not disclosed. Created in 2003, Benefits Advisory Group offers employee benefit …
Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting management systems for property and casualty insurers. FirstBest’s product lines …
Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquiredRisk Partners Inc., a Medford, N.J., based commercial insurance brokerage and managing general underwriter. Following the acquisition, Risk Partners will continue to operate under …
United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American Coastal), to combine the companies in an …
Gateway-Acentria Insurance has formed a merged partnership with Insurance Center of South Florida, an established agency based out of Coral Springs, Fla. Insurance Center of Florida specializes in working with employers to design and service group benefit programs. Additionally, they …
