There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest six-month total, trailing only the first half of 2017 when 333 transactions were reported, according to OPTIS Partners’ M&A database. …
AssuredPartners Inc. has acquired Birmingham, England-based Hettle Andrews & Associates Ltd. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been disclosed. Hettle Andrews is an integrated risk management and insurance …
Plymouth Rock Assurance has agreed to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance carrier with $21 million in annual premiums, Rider Insurance was …
The Hilb Group LLC (THG) has acquired Pennsylvania-based Greenwald Berk Agency LLC (GBA). The transaction became effective July 1, 2019. GBA offers a full spectrum of business insurance, personal insurance and life/health products and services. This acquisition will establish THG’s …
Brown & Brown Metro LLC has acquired substantially all of the assets of Innovative Risk Solutions Inc. Innovative Risk Solutions was founded in 2004 by sole shareholder Sean Gormley with the goal of providing employee benefits for Innovative’s customers. Following …
USI Insurance Services (USI) has acquired Wexford, Penn.-based employee benefits services firm, JRG Advisors LLC. The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits wholesale brokerage division. USI is a Valhalla, N.Y.-headquartered insurance brokerage and consulting …
Alera Group, a national insurance firm, has acquired Austin & Co. Inc., effective July 1, 2019. The firm expands Alera Group’s employee benefits and property and casualty expertise. Austin & Co., located in Albany, N.Y., has served clients throughout the …
New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based in Toronto, Ontario, with offices in Markham …
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Cosaint Insurance Partners LLC. Terms of the transaction were not disclosed. The principal owners of Cosaint Insurance Partners were part of Nationwide Mutual Insurance Company’s exclusive distribution …
Sedgwick Group announced this week that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which must be approved by federal regulators — would mark Sedgwick’s …
