2020 Mergers & Acquisitions News

World Insurance Associates Acquires New Jersey’s JF Murray Co.

World Insurance Associates LLC (WIA) has acquired JF Murray Co. Inc. of Point Pleasant, N.J., on July 1, 2020. Terms of the transaction were not disclosed. JF Murray Co. provides clients with complete insurance solutions for their personal and business …

World Insurance Associates Acquires New York’s Loveman, Kornreich & Steers

World Insurance Associates LLC (WIA) acquired Loveman, Kornreich & Steers Inc. of White Plains, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Loveman, Kornreich & Steers specializes in a multitude of insurance programs for businesses and …

NFP Acquires New York’s Rose & Kiernan

NFP, an insurance broker and consultant that provides property and casualty, corporate benefits, retirement and individual solutions, has acquired Rose & Kiernan Inc. in a transaction that closed effective August 1, 2020. Rose & Kiernan, based in Albany, N.Y., is …

PSA Insurance and Financial Services Acquires Maryland’s H.U. Dove & Company

PSA Insurance and Financial Services (PSA), an independent insurance brokerage firm, has acquired H.U. Dove & Company, a 175 year old Baltimore-based company. The acquisition was final as of April 1, 2020. To better assist its partners during these unpredictable …

World Insurance Associates Acquires Airways International Insurance Services

World Insurance Associates LLC (WIA) acquired Airways International Insurance Services LLC (AIIS) of Mickelton, N.J., on May 1, 2020. Terms of the transaction were not disclosed. Alex Morris founded Airways International Insurance Services in 2006 after more than 30 years …

First American Insurance Agency Acquires Massachusetts’ Morin & Foy

First American Insurance Agency, an independent insurance firm, has acquired Morin & Foy, a property and casualty firm situated in Brimfield, Mass. First American Insurance Agency is only acquiring the Brimfield, Mass., location. Morin & Foy serves its surrounding communities …

Duffy Insurance Agencies Acquires N. Pingree Agency

The N. Pingree Insurance Agency and its Georgetown and Haverhill, Mass., offices have joined the Duffy Family of Insurance Agencies. N. Pingree Insurance Agency was established in 1938 by H. Nelson Pingree. Brothers Robert and Calvin Pingree took over for …

Sapiens International Corporation Enters Agreement to Acquire Delphi Technology

Sapiens International Corporation, a global provider of software solutions for the insurance industry, has entered into a definitive agreement to acquire Delphi Technology Inc. (Delphi), a Boston, Mass.-headquartered vendor of software solutions for property and casualty carriers with a focus …

The Hilb Group Acquires Massachusetts’ Eldredge & Lumpkin Insurance Agency

The Hilb Group LLC (THG) has acquired Massachusetts-based Eldredge & Lumpkin Insurance Agency Inc. (E&L). The transaction became effective on July 1, 2020. Located in Chatham, Mass., E&L is a full–service agency primarily providing property and casualty insurance for personal …

Global Risk Solutions Acquires Connecticut’s William Kramer & Associates

Global Risk Solutions Inc. (GRS), a provider of claims adjusting and environmental risk management solutions, has acquired William Kramer & Associates (WKA). Terms of the acquisition were not disclosed. GRS Complex Claims Solutions (CCS) specializes in large and complex claims, …