Mergers & Acquisitions
These charts present the second set of results from Business Insurances annual survey of agents and brokers; the first was published in July.
These charts present the second set of results from Business Insurances annual survey of agents and brokers; the first was published in July.
Arthur J. Gallagher & Co. has agreed to buy M&T Insurance Agency Inc., a nearly $40 million agency that is a subsidiary of M&T Bank Corp.
Arthur J. Gallagher & Co. has agreed to buy M&T Insurance Agency Inc., a nearly $40 million agency that is a subsidiary of M&T Bank Corp.
Boston-based One80 Intermediaries Inc. said Tuesday it has acquired wholesaler C&M First Services Inc.
Boston-based One80 Intermediaries Inc. said Tuesday it has acquired wholesaler C&M First Services Inc.
Acrisure Inc. said Monday it has acquired B2Z Insurance, a digital platform that places coverage for small businesses.
RB Jones, a unit of H.W. Kaufman Group, said Monday it has acquired Corvus Insurances Smart Cargo Insurance business.
Twitter Inc. Thursday dismissed Elon Musks claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying it was implausible and contrary to fact.
PCF Insurance Services said Thursday it has bought Professional Warranty Service Corp., a Chantilly, Virginia-based managing general agent specializing in construction warranty coverage.
IMA Financial Group Inc. said Thursday it has bought Harrison, New York-based York International Agency LLC, expanding its operations in the New York metropolitan area.
IMA Financial Group Inc. said Thursday it has bought Harrison, New York-based York International Agency LLC, expanding its operations in the New York metropolitan area.
AssuredPartners Inc. announced Tuesday it has bought Madison, Wisconsin-based brokerage Avid Risk Solutions Inc.
AssuredPartners Inc. announced Tuesday it has bought Madison, Wisconsin-based brokerage Avid Risk Solutions Inc.
PCF Insurance Services Inc. on Wednesday said it has acquired Solon, Ohio-based Z Inc., dba Zinc Insurance Agency.
Brokerages Virtus LLC in Overland Park, Kansas, and Kemmons Wilson Insurance Group LLC in Memphis, Tennessee, have merged, creating a company with about $20 million in revenue, the companies said in a statement Thursday.
Relation Insurance Inc. said Tuesday it has acquired Owings, Maryland-based Insurance Inc.
Alera Group Inc. said Monday it has acquired Noyle Johnson Group, a Montpelier, Vermont-based agency.
Mergers and acquisitions involving insurance agents and brokers rose to 427 in the first half of 2022, a 16% increase over the same period last year and 13% above the first-half five-year average, as brokers looked beyond traditional M&A targets, according to a report by Optis Partners LLC.
Acquisitive broker PCF Insurance Services said Wednesday it has bought Andreini & Co., a San Mateo, California-based brokerage with about $25 million in annual revenue.
Many insurance agents and brokers reported rapid growth in 2021 as rates continued to rise, economic activity recovered from the lockdowns of the prior year, and mergers and acquisitions activity hit record levels.
Patriot Growth Insurance Services LLC said Tuesday it has acquired Philadelphia-based BMT Insurance Advisors.
Mergers and acquisitions activity among insurance agents and brokers remains as strong as ever, despite increased general economic concerns.