2019 Mergers & Acquisitions News

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 …

Kaplansky Insurance Acquires Massachusetts’ KW Insurance

Kaplansky Insurance, an independent locally owned agency in the Northeastern U.S., has acquired KW Insurance, a full-service agency with locations in Dedham and Cambridge, Mass. Following the acquisition, the KW Dedham location will be merging with Kaplanky’s corporate headquarters in …

Hub International Buys Montreal-Headquartered Forum Risques et Assurance

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Forum Risques et Assurance Inc. Terms of the transaction were not disclosed. Based in Montreal, Quebec, Canada, Forum is a boutique insurance brokerage and risk management firm founded by …

The Hilb Group Acquires Maryland’s D’Camera Group

The Hilb Group LLC (THG) has acquired D’Camera Group (DG). The transaction became effective January 1, 2019. Located in Annapolis, Md., DG is a full-service insurance agency founded in 2006 and primarily provides property and casualty insurance in the Mid-Atlantic …

The Hilb Group Acquires Rhode Island’s Aloisio Insurance Associates

The Hilb Group LLC (THG) has acquired Rhode Island-based Aloisio Insurance Associates Inc. (AIA). AIA, a full-service insurance agency, primarily provides property and casualty insurance to individuals and businesses in the Rhode Island area. Located in North Providence, R.I., AIA …