2019 Mergers & Acquisitions News

Ryan Specialty Group Reaches Agreement to Acquire Pennsylvania’s Suitelife

Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire 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 …

The Hilb Group Acquires Tennessee’s Mackie Financial Group

The Hilb Group LLC (THG) has acquired Tennessee-based Mackie Financial Group LLC (MFG). The transaction became effective August 1, 2019. MFG is a full-service agency primarily providing insurance for employee benefits, Medicare Supplemental/Advantage, individual life and annuities. As part of …

Brown & Brown of Massachusetts Acquires Assets of Yozell

Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its customers with value in group employee and executive benefits products and services. Following …

Hub International Limited Acquires Assets of Insurance Center of New England

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Insurance Center of New England Inc. (ICNE). Terms of the transaction were not disclosed. With locations in Agawam and Gardner, Mass., ICNE is a locally owned, independent …

Brown & Brown of Florida Acquires CKP

Brown & Brown of Florida Inc. has acquired substantially all of the assets of CKP. CKP provides brokerage services for customers throughout the U.S. operating in agricultural industry. In addition, CKP provides property and casualty insurance products and services to …

Specialty Program Group Acquires Assets of New York’s The Mechanic Group

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of The Mechanic Group Inc. (TMG), a Pearl River, N.Y.-based specialty insurance program manager. Terms of the acquisition were not disclosed. Established …

GI Partners Completes Acquisition of Connecticut’s Insurity

GI Partners, a middle-market alternative asset manager, has completed the previously announced acquisition of Insurity Inc., a software platform for the property and casualty insurance industry. Headquartered in Hartford, Conn., Insurity provides policy administration, claims, billing and data analytics software …

The Doctors Company Purchases New York’s HIC, FOJP Service Corporation

The Doctors Company has completed the purchase of Hospitals Insurance Company (HIC), a New York State admitted and licensed insurance company, and FOJP Service Corporation, a New York service organization that provides third-party comprehensive insurance and risk management advisory services …

Risk Strategies Acquires New York City’s Reiff & Associates

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Reiff & Associates, a full service brokerage firm focused on risk and insurance for companies in the entertainment industry. Founded in 1983 and based in New …

The Hilb Group Acquires Massachusetts’ Handy-Apple Valley

The Hilb Group LLC (THG) has acquired Massachusetts-based Handy-Apple Valley LLC (HAV). The transaction became effective July 1, 2019. Located in Worcester, Mass., HAV provides personal and commercial insurance. As a part of the transaction, HAV will join THG’s New …