2019 M&A News

Paquin Insurance Agency Joins OceanPoint Insurance Agency in Rhode Island

Paquin Insurance Agency has joined OceanPoint Insurance Agency’s organization in Rhode Island. Paquin Agency Principal Rick Paquin has accepted a position as vice president for OceanPoint, and he and his brother, Greg, will continue to serve the local community from …

World Insurance Associates Acquires Connecticut’s Lampe-Batkin Associates

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., completed its 40th acquisition with Lampe-Batkin Associates LLC of Greenwich, Conn., on April 1, 2019. Lampe-Batkin Associates LLC is a family-run insurance agency that serves the communities …

Canopius Signs Agreement to Purchase AmTrust at Lloyd’s

Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3 2019, the deal will result in the …

Starkweather & Shepley Insurance Brokerage Acquires Connecticut’s Wilson Agency

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired The Wilson Agency Inc. of Shelton, Conn. The Wilson Agency is a third generation, family owned and operated agency serving Fairfield County and the Naugatuck Valley for more than 65 years. …

World Insurance Associates Merges with New Jersey’s Professional Insurance Associates

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., merged with Professional Insurance Associates Inc. (PIA) of Carlstadt, N.J., on March 1, 2019. Professional Insurance Associates has been meeting the insurance needs of both commercial and …

Insurance Agency Merger Count Held Steady in Q1: Optis

There were 151 announced insurance agency mergers and acquisitions during the first quarter of 2019, according to Optis Partners. That was one more deal than was announced in the first quarter of 2018. The data tracked by the Chicago-based agency …

Baldwin Krystyn Sherman Partners Acquires Florida’s Lykes Insurance

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has acquired Florida-based, independent firm Lykes Insurance Inc. BKS-Partners currently operates in multiple locations throughout the Southeast with a team of more than 300 …

The Hilb Group Acquires Connecticut’s eBenefits Group Northeast

The Hilb Group LLC (THG) has acquired Unionville, Conn.-based eBenefits Group Northeast LLC. The transaction became effective April 1, 2019. eBenefits is a full-service employee benefits firm providing services to businesses, non-profits and municipalities throughout the Northeast. Following the acquisition, …

Arthur J. Gallagher Completes Acquisition of UK Specialist Broker Stackhouse Poland

Arthur J. Gallagher & Co. announced it has completed its acquisition of UK specialist insurance broker Stackhouse Poland Group Ltd., which was first announced in January 2019. Financial details of the deal were not released. Guildford, England-based Stackhouse Poland was …

Arthur J. Gallagher Acquires Canada’s Keyser Benefits Corp.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Canadian broker Keyser Benefits Corp. Terms of the transaction were not disclosed. With roots dating back more than 45 years, Calgary, Alberta-based Keyser is a full-service …