2019 M&A News

Relation Enters Agreement to Acquire New York’s J. Deutsch Associates

Relation Insurance Services, an insurance brokerage that offers risk management benefits and third party administrator (TPA) consulting services through its family of brands across the U.S., has entered into a definitive agreement acquiring J. Deutsch Associates Inc., a New York …

USI Insurance Services Acquires New York’s GFI Insurance Brokerage

USI Insurance Services (USI), a provider of insurance brokerage and risk management, has acquired New York-based GFI Insurance Brokerage Inc. Terms of the transaction were not disclosed. Founded in 2003, GFI provides commercial property and casualty, employee benefit and personal …

Ryan Specialty Group Acquires Assets, Operations of Boston Insurance Specialists

Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not disclosed. BIS’ team is …

BGC Partners Completes Acquisition of UK’s Ed Broking Group

BGC Partners, Inc., a global brokerage and financial technology company, announced it has completed the acquisition of Ed Broking Group Ltd., the London-based independent Lloyd’s broker. BGC acquired 100 percent of Ed, which includes broking operations under the Ed brand …

Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone

Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership …

Wilkinson Insurance Services Acquires Commercial Insurance Services of Virginia

Wilkinson Insurance Services Inc., an insurance premium audit services company based in Huntsville, Ala., is expanding to Virginia with its acquisition of Commercial Insurance Services of Virginia. The acquisition is expected to increase the company’s footprint in the Southeast and …

Ryan Specialty Group Reaches Agreement to Acquire Boston Insurance Specialists

Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not …

Washington D.C.’s Ensurise Merges with Maryland’s Reese, Yeatman & Associates

Independent insurance agency Ensurise LLC has merged with the property and casualty insurance brokerage operations of Reese, Yeatman & Associates Inc. Founded more than 40 years ago by Michael G. Reese Sr., Reese Yeatman is in its second generation of …

XPT Group Acquires New York City’s SVA Underwriting Services

XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite, issue policies and endorsements and arrange for engineering and …

Legacy Acquirer DARAG Buys Italian Motor Business from DONAU Versicherung

Legacy Acquirer DARAG Group Ltd. announced it has agreed to purchase a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung AG. Financial details of the transaction, which is subject to approval by the …