MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger and Meyer Shields, said the insurer is looking at a …
Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group LLC (MAG). Both agencies will support High Street’s strategic goals by expanding …
State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has acquired an insurance company, the company said. …
OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage, Ltd., a privately held brokerage and risk management firm specializing in the international trade markets. IB&M will retain its brand and operate as a standalone brokerage, offering customs …
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Securitas Insurance Partners LLC, a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity backed portfolio companies. Terms …
Hub International Limited, a global insurance brokerage, has acquired the insurance brokerage assets of Charles R. (Rhett) Butler. Terms of the transaction were not disclosed. Rhett was part of Nationwide Mutual Insurance Company’s exclusive distribution model and is now joining …
Element Risk Management has acquired two new insurance agencies in Pennsylvania. Barrick & Associates of Hanover, Penn., and Danner’s Insurance, with locations in East Berlin and Biglerville, Penn., are now part of Element Risk Management. Family owned for more than …
Hub International Limited (Hub), a global insurance brokerage, has acquired the insurance brokerage assets of Rockville Insurance Agency Inc. and Jeffrey Preston Zepp. Terms of the transactions were not disclosed. Rockville Insurance Principal David Kushner and Zepp were each previously …
One80 Intermediaries, a national wholesale broker, program manager and insurance aggregator headquartered in Boston, Mass., has acquired the Equinox Management Group and its affiliates Meridian Management Group and Co-Ordinated Benefit Plans. Terms of the deal were not disclosed. Equinox Management …
U.S.-based global insurance broker Hub International Limited has acquired Elevate Insurance Brokers, a property/casualty independent insurance agency based in Grande Prairie, Alberta, Canada. Pierce Krol, president, and Otilja Majewski, partner, at Elevate Insurance, will join Hub International Insurance Brokers, a …
