2019 Mergers & Acquisitions News

New Mexico Explains Role in Enabling Applied Underwriters Sale

The growing drama behind the $920 million sale of Berkshire Hathaway-owned Applied Underwriters to its founder Steven Menzies got another voice added to the story. The New Mexico Office of Superintendent of Insurance on Thursday said New Mexico facilitated the …

Plymouth Rock Assurance Finalizes Acquisition of New Jersey’s Rider Insurance

Plymouth Rock Assurance has finalized its acquisition of Rider Insurance Company. New Jersey-based Rider is the largest motorcycle insurance provider in the state and the only carrier serving the motorcycle community exclusively. Following the acquisition, Plymouth Rock is aiming to …

The Hilb Group Acquires New Jersey’s New Agency Partners

The Hilb Group LLC (THG) has acquired New Jersey-based New Agency Partners (NAP). The transaction became effective October 1, 2019. NAP is a full-service insurance brokerage in Parsippany, N.J., providing business insurance, employee benefits and personal insurance to clients throughout …

Ryan Specialty Group Acquires Assets, Operations of Pennsylvania’s The Suitelife

Ryan Specialty Group LLC has acquired the assets and operations of The Suitelife, a program manager specializing in boutique hotels, premier and full service hotels, hotel management companies, condo hotels and resorts from Venture Insurance Programs. Terms of the transaction …

The Hilb Group Acquires New Jersey’s LCIA

The Hilb Group LLC (THG) has acquired New Jersey-based LCIA Inc. DBA Campisano Insurance Agency (LCIA). The transaction became effective October 1, 2019. LCIA is a full-service property and casualty agency that has specialized in the commercial transportation and trucking …

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 …

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 …

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, …