Mergers News

Survey: Insurers Say Mergers Yield Stronger Competitive Position

More than 60 percent of insurers say that their most recent merger accomplished the desired objective of competitive position strengthening— double the success rate reported by non-insurers involved in mergers. While strengthening competitive position is mentioned most frequently as a …

Brown & Brown Acquires Two Massachusetts Agencies

Brown & Brown has acquired United Benefit Services and Beverly T. Gottlieb & Associates, two metro-Boston agencies specializing in employee benefits and related insurance products. Terms of the deal were not disclosed. The two agencies — headquartered in Newton and …

Bollinger Acquires Charles G. Treloar Agency

New Jersey-based broker Bollinger has acquired Charles G. Treloar Agency Inc. of Kenvil, New Jersey. Terms of the deal were not disclosed. The agency’s employees will be relocated to Bollinger’s corporate headquarters in Short Hills, New Jersey. The 50-year-old agency …

Paramount Capital Insurance Group Joins ISU Network

Paramount Capital Insurance Group of Reynoldsburg, Ohio, has joined the ISU Network. ISU PCIG was founded by Eric Schwab. Schwab is a third generation insurance agent following in the footsteps of his grandfather, uncle and father who each owned agencies. …