2019 M&A News

W.N. Tuscano Agency Agrees to Acquire Pennsylvania’s Insurance Markets Inc.

W.N. Tuscano Agency Inc. has signed an agreement to acquire Clarks Summit, Penn.-based Insurance Markets Inc. Founded in 1960, Insurance Markets Inc. is a managing general agency (MGA) and surplus lines broker serving clients primarily in Pennsylvania. The Insurance Markets …

Hub International Acquires Saskatchewan-Based Kelliher Agencies

Hub International Ltd., the Chicago-based global insurance broker, announced it has acquired the assets of Kelliher Agencies, headquartered in Kelliher, Saskatchewan, Canada. Terms of the transaction were not disclosed. Kelliher Agencies is a full service, independent insurance brokerage that provides …

The Hilb Group Acquires Summit Insurance Services

The Hilb Group LLC (THG) has acquired Summit Insurance Services LLC (SIS), the insurance operations of Summit Financial Group Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019. SIS is an insurance agency that primarily provides employee …

Hub International Limited Acquires Assets of RIMS Insurance Brokerage Corporation

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of RIMS Insurance Brokerage Corporation. Located in Providence, R.I., RIMS Insurance Brokerage Corporation has offered medical professional liability insurance as well as life, health, disability, workers’ compensation, business …

Hub International Acquires Canada’s Clarity Benefits Group

Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired the assets of Clarity Benefits Group Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada, Clarity is an independent, boutique-style firm providing employee benefit …

Legacy Acquirer DARAG Completes Purchase of DONAU Versicherung’s Italian Portfolio

DARAG Group Ltd., the Malta-based legacy acquirer, announced it has completed the acquisition of the Italian non-life portfolio of DONAU Versicherung AG after receiving approval from Austrian and Italian regulators. Financial details of the transaction were not disclosed.The deal was …

Talanx Acquires P/C Insurer in Turkey from Munich Re Subsidiary

The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary. Financial details of the transaction where not disclosed. Talanx purchased ERGO Sigorta from ERGO International, which is a unit of ERGO, the primary …

Arthur J. Gallagher Acquires Australian Insurance Broker AgriRisk Services

Arthur J. Gallagher & Co. announced the acquisition of Australian insurance broker AgriRisk Services Pty Ltd. Terms of the transaction were not disclosed. Headquartered in North Sydney, New South Wales with offices in Tamworth, NSW and Toowoomba, Queensland, AgriRisk Services …

World Insurance Associates Acquires New Jersey’s Joseph A. Britton Agency

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired the Joseph A. Britton Agency Inc. of Mountainside, N.J., on April 1, 2019. The Joseph A. Britton Agency is a healthcare and professional liability insurance agency …

Pro Global to Buy UK MGA Incubator, Vibe MGA Management

Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK Holdings, the owners of Lloyd’s managing agent Vibe Syndicate …