Bailey Place Insurance has agreed to acquire Tanner Ibbotson in a merger of two historic Cortland, New York-based independent insurance agencies. Effective April 1, 2024, Tanner Ibbotson’s office on West Road will close. No layoffs are planned and most of …
Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates as a managing general agent (MGA), is a provider of …
Arthur J. Gallagher & Co. announced the acquisition of Queensbury, New York-based independent insurance agency, Hughes Insurance Agency, Inc. From it headquarters in Queensbury and an office in Albany, Hughes serves the Glens Falls, Lake George Saratoga Springs corridor, as …
Insurance Claims management service Alacrity Solutions Group, has acquired Cross Country Adjusting of Pageland, South Carolina. CCA, founded in 2005, provides residential and commercial property claims adjusting through a national network of adjusters. The transaction with CCA is Alacrity’s fifteenth …
Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’ flood program servicing arm. The wholesale brokerages – …
American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for Interboro Insurance Co. in New York. According to the company, the unnamed buyer will acquire 100% of the issued and …
The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964, Peter Hoare specializes in commercial, motor and liability risks. …
Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and services in Australia with a client focus of rural and farm, …
National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New …
