2019 M&A News

World Insurance Associates Acquires Pennsylvania’s KPB Insurance Services

World Insurance Associates LLC (WIA) has acquired KPB Insurance Services Inc. of Warminster, Penn., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1982, KPB Insurance Services provides insurance and financial solutions to individuals, families and …

Risk Strategies Acquires New York’s Bedrick-Kaitz Agency

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Bedrick-Kaitz Agency Inc. (BKA), a New York City-based firm focused on helping high-net-worth individuals and businesses throughout the country protect their assets. Terms of the deal …

Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International

H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and technology-related insurance solutions. Financial details of the transaction were not …

Everest Insurance Buys Remaining Shares of Canadian IT Consulting Firm Salus Systems

Everest Insurance announced it has purchased all outstanding remaining shares of its joint venture partner, Victoria, Canada-based Salus Systems LLC. Financial details of the transaction were not disclosed. An IT consulting firm and business solutions provider, Salus was founded in …

World Insurance Associates Acquires Maryland’s American Insurance Marketing

World Insurance Associates LLC (WIA) acquired American Insurance Marketing Corp. (AIMC) of Prince Frederick, Md., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1976, AIMC provides quality protection for thousands of individuals, families, businesses and …

Risk Strategies Acquires New York’s Pro Safety Services

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Pro Safety Services LLC, a provider of safety and loss control services to construction companies, builders and a range of other industries. Terms of the deal …

Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials

Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount. Amsterdam-based The Financials enhances Clements Worldwide’s presence in the Netherlands and expands its reach …

Hub International Acquires Pennsylvania’s WhartonHill Advisors

Hub International Limited, a global insurance brokerage, has acquired certain assets of WhartonHill Retirement Services LLC, Strategic Planning Resources Inc. and Karen McCloskey, collectively doing business as WhartonHill Advisors. Terms of the transaction were not disclosed. Located in Ft. Washington, …

Arthur J. Gallagher & Co. Acquires Pennsylvania’s Allied Insurance Brokers

Arthur J. Gallagher & Co. has acquired Pittsburgh, Penn.-based Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. Terms of the transaction were not disclosed. Founded in 1982, Allied Insurance Brokers specializes in offering insurance and risk management services to …

Hub International Acquires New York’s EPIC Retirement Services Consulting

Hub International Limited, a global insurance brokerage, has acquired the assets of EPIC Retirement Services Consulting LLC. Terms of the transaction were not disclosed. Located in New York, N.Y., EPIC is an independent investment consulting firm specializing in 401(k), 403(b) …