The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. “This acquisition is a significant milestone for our company and accelerates the achievement of key strategic objectives. We …
Tangram Insurance Services Inc., a managing general underwriter and program manager, has purchased the assets of Langhorne, Penn.-based managing general agent, GMG Underwriters (GMGU). The transaction became effective May 1, 2019. Matt Smerkanich, former owner and president of GMGU, has …
San Diego-based K2 Insurance Services, a specialty insurance services holding company, has found a new equity partner. Lee Equity Partners, a middle market private equity firm, has agreed to acquire a majority ownership interest in K2. K2 said that its …
Alera Group, a national independent insurance agency, has acquired ARMS Insurance Group, effective May 1, 2019. ARMS, a general agency headquartered in Bethel Park, Penn., has served insurance brokers throughout western Pennsylvania and the surrounding states for more than 25 …
W.N. Tuscano Agency Inc. has signed an agreement to acquire Clarks Summit, Penn.-based Insurance Markets Inc. Founded in 1960, Insurance Markets Inc. is a managing general agency (MGA) and surplus lines broker serving clients primarily in Pennsylvania. The Insurance Markets …
The Hilb Group LLC (THG) has acquired Summit Insurance Services LLC (SIS), the insurance operations of Summit Financial Group Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019. SIS is an insurance agency that primarily provides employee …
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of RIMS Insurance Brokerage Corporation. Located in Providence, R.I., RIMS Insurance Brokerage Corporation has offered medical professional liability insurance as well as life, health, disability, workers’ compensation, business …
World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired the Joseph A. Britton Agency Inc. of Mountainside, N.J., on April 1, 2019. The Joseph A. Britton Agency is a healthcare and professional liability insurance agency …
Paquin Insurance Agency has joined OceanPoint Insurance Agency’s organization in Rhode Island. Paquin Agency Principal Rick Paquin has accepted a position as vice president for OceanPoint, and he and his brother, Greg, will continue to serve the local community from …
World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., completed its 40th acquisition with Lampe-Batkin Associates LLC of Greenwich, Conn., on April 1, 2019. Lampe-Batkin Associates LLC is a family-run insurance agency that serves the communities …
