Towne Insurance, a wholly-owned subsidiary of TowneBank, has acquired Straus, Itzkowitz & LeCompte Insurance, a full-service, independent agency located in Richmond, Va. Straus, Itzkowitz & LeCompte is led by agency president Fred Itzkowitz and executive vice president Pettus LeCompte. They …
Hub International Limited has acquired The Insurance Exchange Inc. Based in Rockville, Md., The Insurance Exchange is an independent insurance agency that provides employee benefits consulting, commercial property and casualty, loss control, bonding, risk management, personal umbrella, home and auto …
Arthur J. Gallagher & Co. has acquired Shelton, Conn.-based Merit Insurance Inc. Founded in 1950, Merit Insurance is a retail property and casualty broker and employee benefits consultant offering a range of coverages and services to clients across the Northeast …
H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk solutions for truck and taxi commercial fleets. TRU will become …
Tribal First, a division of Alliant Underwriting Solutions, has acquired Ottawa, Canada-based AFN Insurance Brokerage. Financial details of the transaction were not disclosed. The acquisition pairs AFN Insurance Brokerage, which is Canada’s First Nations’ insurance leader, with Tribal First, the …
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Employee Benefits Group Inc. (EBG), a Bethesda, Md.-based independent insurance agency specializing in employee benefits and retirement consulting. Founded in 1987, EBG provides employee health …
Chubb Ltd. announced it has received Chinese regulatory approval to increase the company’s ownership in Huatai Insurance Group Co. Ltd. to 26.2 percent from 20 percent, effective Feb. 27, 2019. Financial terms of the deal were not released. Huatai Insurance …
Marsh & McLennan Cos. (MMC) and Jardine Lloyd Thompson (JLT) have entered into an agreement to sell JLT’s aerospace business to Arthur J. Gallagher. The agreement provides for the acquisition of all assets within JLT’s global aerospace retail and wholesale …
Randall & Quilter Investment Holdings Ltd. announced it has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering SE (NNIS) from its owners NN Group. NNIS was transferred from the Netherlands to the UK in …
C&S Insurance has acquired Dedham, Mass.-based Francis M. Walley Insurance Agency. Since assuming ownership in 2012, C&S Insurance second-generation owners Ben Cavallo and Keith Signoriello have completed seven agency acquisitions. Altogether, C&S Insurance – headquartered in Mansfield, Mass. – now …
