2019 Mergers & Acquisitions News

Hub Continues Canadian Employee Benefits Expansion with Purchase of TRG

Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the assets of TRG Group Benefits and Pensions Inc. (TRG) in Canada. Terms of the transaction were not disclosed. The acquisition continues Hub’s strategy to offer clients a …

Hub International Limited Acquires Assets of New York’s The Rubin Group

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of The Rubin Group Inc. Terms of the transaction were not disclosed. The Rubin Group President Michael Rubin, along with his team, will join Hub International Northeast following …

Arthur J. Gallagher & Co. Acquires Canadian Broker Jones Brown

Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown Inc. and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997 and headquartered in Toronto, Jones Brown is a retail property/casualty insurance broker …

Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk

Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a managing general underwriter (MGU), specializing in accident …

New Jersey’s Solutions Insurance & Financial Services Joins Gloron Agency

Solutions Insurance & Financial Services of Fairfield, N.J., has joined Gloron Agency Inc. of New York, N.Y., effective January 1, 2019. The headquarters for the newly combined firm will remain in Manhattan, and the Fairfield, N.J., office will continue to …

Gallagher Signs Agreement to Buy UK Specialist Broker Stackhouse Poland

Arthur J. Gallagher & Co. announced it has signed a definitive agreement to acquire 100 percent of specialist UK insurance broker Stackhouse Poland Group Ltd. The transaction is subject to regulatory approval and is expected to close in the first …

GMG Insurance Agency Acquires Pennsylvania’s Superior Benefits Plans

GMG Insurance Agency (GMG), an independent insurance and risk management agency offering nationwide coverage and services, has acquired Superior Benefits Plans LLC, an independent employee benefits insurance brokerage firm. The acquisition expands upon GMG’s technological capabilities and capital management strategy …