2019 Mergers & Acquisitions News

Insurity Acquires Geospatial Analytics Firm SpatialKey

Acquisition further strengthens Insurity’s industry-leading data and analytics solutions, and will help insurers better select and manage risk, and respond to catastrophes Cloud services and data analytics firm Insurity, Inc., has acquired SpatialKey, Inc., which offers geospatial analytics, data enrichment …

The Hilb Group Acquires Rhode Island’s Wickford Insurance Agency

The Hilb Group LLC (THG) has acquired Rhode Island-based Wickford Insurance Agency Inc. (WIA). The transaction became effective December 1, 2019. WIA is a full-service property and casualty insurance agency for businesses and individuals throughout Rhode Island. WIA’s associates will …

The Hilb Group Acquires Virginia’s Kerr-Boswell

The Hilb Group LLC (THG) has acquired Virginia-based Kerr-Boswell Inc. (KB). The transaction became effective December 1, 2019. For more than 60 years, KB has provided employee benefits, property and casualty, life, health and financial services to businesses and individuals …

Risk Strategies Acquires New England-Based Subsidiaries of Gowrie Holdings

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired the two subsidiaries of Gowrie Holdings Inc. (GHI). The acquisitions include both Gowrie Group, a full-service national specialty retail insurance brokerage with an established leadership reputation …

World Insurance Associates Acquires New York’s J & S Risk Planning Group

World Insurance Associates LLC (WIA) acquired J & S Risk Planning Group LLC of Wantagh, N.Y., on November 1, 2019. Terms of the transaction were not disclosed. Founded in 2009, J & S Risk Planning Group LLC provides insurance services …

MetLife to Enter Pet Insurance Market with Acquisition of PetFirst Program

MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels and employers. MetLife says the acquisition will enable it to offer a new benefit that …

Verisk Signs Agreement to Acquire New Jersey’s FAST

Verisk, a Jersey City, N.J.-headquartered data analytics provider, has signed a definitive agreement to acquire FAST, a privately held software company for the life insurance and annuity industry based in Iselin, N.J. FAST offers a flexible policy administration system that …

The Hilb Group Acquires North Carolina’s Employee Benefit Advisors of the Carolinas

The Hilb Group LLC (THG) has acquired North Carolina-based Employee Benefit Advisors of the Carolinas LLC (EBA). The transaction became effective November 1, 2019. Located in Charlotte, N.C., EBA is a full-service employee benefits agency for small to mid-market businesses …

Hub International Acquires Assets Of New York-Based JW Retirement Group

Hub International Limited, a global insurance brokerage, has acquired a brokerage services and investment advisory book of business from William Peragine III and John Biondo, previously dba together as The JW Retirement Group. Terms of the transaction were not disclosed. …

Federal Reserve Approves BB&T and SunTrust Banks Merger

The Federal Reserve Board on Tuesday approved the application by BB&T Corp. of Winston-Salem, North Carolina, to merge with SunTrust Banks, Inc. of Atlanta, Georgia. The merged entity will be called Truist Financial Corp. Upon completion of the merger, Truist …