2019 M&A News

Hub International Buys Canada Employee Benefit Consultant, W.R. Carey Corp.

Hub International Ltd., a Chicago-based insurance broker, announced it has acquired the assets of W.R. Carey Corp. Terms of the transaction were not disclosed. Located in Winnipeg, Manitoba, Canada, Carey Corp. is an independent employee benefits consulting firm providing a …

Element Risk Management Acquires Three Insurance Agencies in Virginia, Pennsylvania

Element Risk Management has acquired three new insurance agencies in Virginia and Pennsylvania. Barnes & Phillips Insurance & Financial Services of Woodstock, Va., Crawford Insurance Company of Strasburg, Va., and Brenner Insurance in Hollidaysburg, Penn., are now part of the …

Alera Group Acquires Business Assets of Pennsylvania’s HR inTune

Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired the business assets of HR inTune, effective October 1, 2019. HR inTune, located in Berwyn, Penn., is a human resource consulting firm that …

Legacy Specialist Compre Buys 2nd Portfolio from Belgium’s AG Insurance

Compre, the London-based independent re/insurance legacy specialist, announced it has signed agreements to transfer an inwards reinsurance portfolio from AG Insurance SA for an undisclosed sum. The Belgian insurer’s portfolio comprises business in run-off across a range of lines and …

Relation Insurance Services Acquires Delaware’s S.T. Good Insurance

Relation Insurance Services, a privately owned insurance brokerage that offers property and casualty, risk management, employee benefits and TPA-consulting services through its family of brands across the U.S., has acquired S.T. Good Insurance Inc., an insurance brokerage in Delaware and …

HUB International Acquires Canada’s RBI Advisory Group

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired R Bruce Inc., which does business as RBI Advisory Group. Terms of the transaction were not disclosed. Located in Okotoks, Alberta, Canada, RBI Advisory Group has provided strategic group …

NI Holdings Agrees to Purchase Maryland’s Westminster American Insurance Company

NI Holdings Inc. has signed a definitive agreement to purchase 100 percent of the issued and outstanding stock of Westminster American Insurance Company from private shareholders. Westminster American is headquartered in Owings Mills, Md., and underwrites commercial multi-peril insurance in …

The Hilb Group Acquires New York’s Avanti Associates

The Hilb Group LLC (THG) has acquired New York-based Avanti Associates Ltd., comprised of Associated Insurance Agency of Westchester Inc., Comprehensive Insurance Brokerage Inc. and Bruce Farnham Associates Ltd. The transaction became effective October 1, 2019. Avanti is a full-service …

London Run-off Specialist RiverStone Acquires 2 Cayman-Based Captives

Run-off specialist RiverStone Group, the London-based subsidiary of Fairfax Financial Holdings, announced the acquisition of two Cayman-based captives: GMPCI Insurance Co. Ltd. (GMPCI) and Seaside Indemnity Alliance Company Ltd. Seaside was formed in 2013 for the purpose of assuming hospital …

Seeman Holtz Acquires New Jersey’s Geisenheimer Agency

Seeman Holtz Property & Casualty has announced the acquisition of GIA Insurance Agency (Geisenheimer Insurance Agency), headquartered in Saddle Brook, N.J. Geisenheimer Insurance Agency is a provider of personal and commercial insurance throughout the U.S., Canada, Asia, South America, Caribbean, …