wholesale broker News

Jatczak Joins Maximum Independent Brokerage in Chicago

Maximum Independent Brokerage LLC has added Mark Jatczak to its sales team in Chicago. Jatczak handles all areas of commercial and specialty lines of business and works with retail agents throughout the country. Chicago-based Maximum is a wholesale broker specializing …

Brown & Riding in California Merges with Travis-Pedersen

Los Angeles, Calif.-based Brown & Riding and Chicago, Ill.-based Travis-Pedersen have inked a deal that creates a large property/casualty wholesaler. The companies began discussions about combining their complementary organizations in 2009 and reached a definitive agreement to merge effective Dec. …

R-T to Acquire Workers’ Comp Wholesaler IFIS in California

R-T Specialty LLC entered into a definitive agreement to acquire West Coast workers’ compensation specialist International Facilities Insurance Services. Chicago, Ill.-based R-T is the brokerage arm of Ryan Specialty Group LLC. Los Angeles, Calif.-based IFIS will become part of RT …

Hull & Co. Opens Marine Department, Names Schmit Marine Broker In California

Hull & Company has now opened a new marine department at its Stockton, Calif. office and named marine risk specialist Quincy M. Schmit as commercial lines marine broker. The department will offer a variety of commercial marine exposures, as well …

Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain

Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other terms of the transaction were not disclosed. “This …

Arthur J. Gallagher Buys Louisiana MGA, First Premium

Global insurance broker Arthur J. Gallagher & Co. has acquired First Premium Insurance Group, Inc. in Covington, Louisiana. Terms of the transaction were not disclosed. Established in 1973, First Premium is a managing general agent and wholesale insurance broker throughout …

U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB

U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients and markets in the U.K. and internationally via its …

R-T Specialty Acquires Texas Insurance Wholesaler Maclean, Oddy & Associates

R-T Specialty LLC, the wholesale broker of Ryan Specialty Group LLC, has acquired Texas-based insurance wholesale firm Maclean, Oddy & Associates Inc. (MOA). MOA is a specialist broker for unusual property and casualty risks with a focus on environmental coverages. …

North Carolina’s Strickland Acquires Carolina Insurance Services

Strickland Insurance Brokers said it has acquired Carolina Insurance Service Inc. Carolina Insurance is a managing general agent that serves agents in North Carolina, South Carolina and Virginia. The company is based in Winston-Salem, North Carolina. The Goldsboro, North Carolina-based …

Burns & Wilcox Acquires South Carolina Wholesale Broker

Wholesale broker Burns & Wilcox has purchased Kimbrell Insurance Group Inc., a wholesale broker and underwriting manager in South Carolina. Kimbrell was founded in 1986 and is located in the Myrtle Beach, S.C. area. Burns & Wilcox acquired Kimbrell from …