2020 Mergers & Acquisitions News

World Insurance Associates Acquires New York’s Countywide Insurance Agency

World Insurance Associates LLC (WIA), acquired Countywide Insurance Agency of Jefferson Valley, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Countywide Insurance Agency provides insurance products for individuals and businesses in New York and Florida. WIA …

World Insurance Associates Acquires New Jersey’s Maximum Benefit Insurance Agency

World Insurance Associates LLC (WIA) acquired Maximum Benefit Insurance Agency Inc. of Saddle Brook, N.J., on August 1, 2020. Terms of the transaction were not disclosed. Founded in 1994, Maximum Benefit Insurance Agency Inc. is a property and casualty full-service …

Alera Group Acquires Maryland’s FNL Insurance Group

Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired FNL Insurance Group, effective August 1, 2020. For more than 40 years, FNL Insurance Group has been helping clients with their employee benefit …

Griffin Owens Insurance Specialists Affiliates with Leavitt Group

Griffin Owens Insurance Specialists has affiliated with Leavitt Group. Agents and staff will continue to work with their current clients from their current location following the affiliation. The affiliation will not affect current accounts, and clients will continue to work …

Brown & Brown of Massachusetts Acquires Assets of Amity Insurance Agency

Brown & Brown of Massachusetts Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Amity Insurance Agency. Amity Insurance was founded in 1978 and offers insurance products and services, specializing in risk management …

Risman Insurance Agencies Acquires Massachusetts’ Insurance Associates

Risman Insurance Agencies acquired Insurance Associates Inc. of Burlington, Mass., on August 3, 2020. Insurance Associates has been a family-owned and -operated business and a member of the community for more than eight decades. Risman Insurance Agencies, headquartered in Medford, …

World Insurance Associates Acquires Virginia’s Lindberg & Associates

World Insurance Associates LLC (WIA), acquired Lindberg & Associates of Poquoson, Va., on July 1, 2020. Terms of the transaction were not disclosed. Founded in 2011, Lindberg & Associates is an independent insurance agency that provides all forms of property …

Jackson Sumner & Associates Acquires Virginia’s Landers Underwriting

Jackson Sumner & Associates (JSA) has acquired Landers Underwriting of Charlottesville, Va., in a deal inked earlier this month. Terms of the transaction were not disclosed. JSA is an excess and surplus broker that began in 1981 in Boone, N.C. …

R&Q Acquires 35% Interest in New York-Based Tradesman Program Managers

Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to merge its wholly owned subsidiary, Sandell Re Ltd., with Tradesman Program Managers LLC in return for a 35% interest in the combined entity. The transaction is subject to …

Randall & Quilter Investment Holdings Acquires NationsBuilders Insurance Company

Following a previous announcement on June 5, 2020, Randall & Quilter Investment Holdings Ltd.’s (R&Q) wholly owned Vermont subsidiary, ICDC Ltd, has completed the acquisition of NationsBuilders Insurance Co. , a Washington D.C.-domiciled captive from NationsBuiders Insurance Services. This marks …