2020 Mergers & Acquisitions News

PHLY Acquires Staffing Insurance Business from World Wide Specialty Programs

Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y. World Wide will operate as a division of PHLY and assume responsibility for its book of staffing business with …

World Insurance Associates Acquires R.S. Gilmore Insurance Agency

World Insurance Associates LLC (WIA) has acquired R.S. Gilmore Insurance Agency Inc. of North Attleboro, Mass., on December 1, 2020. Terms of the transaction were not disclosed. The R.S. Gilmore Insurance Agency Inc. was established in 1938 and has grown …

CBIZ Acquires New Jersey’s Borden Perlman Insurance Agency

CBIZ Inc., a provider of financial, insurance and advisory services, has acquired Borden Perlman Insurance Agency Inc. (BP) of Ewing, N.J., effective December 31, 2020. Founded more than 100 years ago, BP is a fourth generation, family owned property/casualty insurance …

The Hilb Group Acquires New York’s Hiram Cohen & Son Inc.

The Hilb Group LLC (THG) has acquired New York-based Hiram Cohen & Son Inc. (HCS). The transaction became effective on December 1, 2020. HCS, founded in 1919, is still operated by descendants of Founder Hiram Cohen, celebrating four generations in …

DealerPolicy Purchases Insurance Business from Granite State Independent Insurance

DealerPolicy Insurance Agency of Williston, Vt., has purchased the insurance business associated with Granite State Independent Insurance of Tilton, N.H. Granite State Independent Insurance will cease to operate effective with this transaction. Its personal and commercial insurance customers will now …

The Hilb Group Acquires New Jersey’s William H. Connolly & Co.

The Hilb Group LLC (THG) has acquired New Jersey-based William H. Connolly & Co. LLC (WHC). The transaction became effective on December 1, 2020. Founded in 1950 by William H. Connolly Sr., WHC is currently owned and run by his …

Risk Strategies Acquires New York’s FBA National

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in developing employee benefits solutions that align with an organization’s goals and workforce needs. FBA National was represented by MidCap Advisors in …

The Hilb Group Acquires New York’s Moran, Moran, & Dauphin Inc.

The Hilb Group LLC (THG) has acquired New York-based Moran, Moran, & Dauphin Inc. (MMDI). The transaction became effective on November 1, 2020. Founded in 2006, MMDI operates as a full-service agency primarily providing property/casualty insurance products mostly for personal …

Marshall & Sterling Insurance to Acquire New York’s Jaeger & Flynn Associates

Marshall & Sterling Insurance, a 100% employee-owned company, has entered into an agreement to acquire Jaeger & Flynn Associates Inc. (JFA), an employee benefits broker and third-party administrative services (TPA) provider in New York’s greater capital region. This acquisition will …

Curley Associates Acquires Maine’s Robert L. Haley Agency

Curley Associates, an insurance agency based in Sanford, Maine, has acquired Robert L. Haley Agency Inc. of Gray, Maine. The acquisition was effective October 16, 2020. According to Curley, the Gray location will remain open at this time with key …