Top U.S. P/C Agency and Brokerage Acquirers in 2013

March 24, 2014
MarshBerry-sponsored

Insurance Journal‘s review of property/casualty agency and brokerage mergers and acquisitions occurring in 2013 found that Arthur J. Gallagher was the most active agency acquirer – as was the case in 2012.

Hub International, which was quiet in 2012, swung back into action in 2013 after being bought out in 2013 by fund manager Hillman & Friedman in a deal valued at $4.4 billion. Investment funds managed by Hellman & Friedman now hold a majority interest in the company, but members of Hub’s senior management also continue to have a significant equity position.

Except for public broker Gallagher, buyers backed by private equity led the 2013 parade. Among the leaders, those owned by private equity include Hub, Assured Partners, Confie Seguros, USI Holdings, AmWINS and Higginbotham.

Florida-based AssuredPartners went on a tear in 2013 – and looks to be at least as active in 2014. Already this year through the end of February it had announced eight acquisitions.

Confie Seguros was acquired by Boston-based private equity firm ABRY Partners from Genstar Capital in late 2012. The firm had been focusing on the Hispanic auto insurance brokerage market but in 2013 Confie Seguros expanded into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused. It now has operations in 17 states and says it expects 2014 to be its busiest year yet.

If the first two months of the year are any indication, 2014 looks to be a very busy year for agency and broker M&A activity.

Arthur J. Gallagher-25

Jenkins and Associates
Cleaveland Insurance Group
McIntyre Risk Management
Barmore Insurance Agency
Longfellow Financial
Bergvall Marine
Giles Group
Employee Benefits Analysis Corp.
The Parks Johnson Agency
G.S. Levine Insurance Services
RJ Dutton Inc.
Fine Arts Broker Team
Belmont International
R.W. Scobie
Dickinson & Associates
Bollinger
Garza Long Group
Property & Commercial Limited
Benefit Advisors
Metzler Brothers Insurance
Insurance Risk Managers of Missouri
Gardner & White Corp.
Argus Benefits
Corporate Benefits Advisors
Hardman & Howell Benefits

Hub International-19

Daystar Financial
Bixler & Associates
Maxwell Health
Pallister Insurance Brokers
Hellman & Friedman
Manuel Lujan Insurance
Vicencia & Buckley
The Unity Group
The Dorsey Group
Southeastern Insurance Services
Ger-Win Enterprises
St. Andrews Insurance
Nunavut Insurance Brokers
Lottie Chan
Beartooth Insurance
Advantage Insurance Services
Complete Brokerage Services
AFBS
Strata Benefits Consulting

AssuredPartners-17

Alliance Marine Risk Managers
Evans Insurance Agency
Stoutamire-Pavlik & Associates
MGA Property & Casualty Insurance Agency.
AHM Financial Group LLC Insurance Business
Lee F. Murphy
Eastern Insurance Group
Preferred Advantage
Anderson-Jackson-Metts
Dwyer Franchise Insurance International
Golseth & Gregson Insurance Services/GBP Risk Solutions
AxisPointe
Donald F. LaPenna Associates
Buckley & Company Insurance Agency
Alan James Insurance
Tobias Insurance Group Inc.
Wade & Egbert Insurance Partners

Confie Seguros-14

DeFranco Insurance Agency
James S. Sullivan Agency
Advanced Auto Insurance in New York
Family Insurance
Insurance Group of American
Affirmative Insurance Holdings of
Texas (retail unit)
Economy Insurance Mart
CW Baker
Lewiston Insurance Agency
Texas State Low Cost Insurance
Capital Insurance Agency
Jayla Insurance
Cannello Agency
Moose Insurance

USI Holdings-9

Wick Pilcher Insurance
Pediatrics Insurance Consultants
Welsch Flatness and Lutz
Construction Insurance Partners
Cohen-Seltzer
Alliance Benefit Solutions
Richard J. Princinsky & Associates
Van Gilder Insurance Corp.
Molton, Allen & Williams

Marsh McLennan Agencies-6

Liscomb Hood Mason
McGraw Wentworth
Franco & Acra Tecniseguros (Dominican Republic)
Rehder y Asociados (Peru)
Cambridge (Michigan) Property & Casualty
Elsey & Associates

Insurica-5

The JRJ Agency
Biltmore Benefits
Rosemary Spring
Kenderdine Agency
Partners in Benefit Planning

Brown & Brown-4

O’Neil Financial Services Agency
Agency Services Consolidated
Beecher Carlson Holdings
The Rollins Agency

Higginbotham-4

Chapman Schewe Benefits
Consulting
Capital Benefits Group
Sawyer Insurance Agency
Safe Harbor Benefits

AmWINS-3

Gresham & Associates
Bliss & Glennon
eReinsure

Integro-3

iTrade Unit
Broker Doodson (UK)
Multimedia Risk (Canada)

CBIZ-2

Knight Field Fabry
Associated Insurance Agents

Ryan Specialty-2

Westrope
S.H. Smith & Co.

Leavitt Group-2

United Valley Insurance Services
Golf Insurance Services

From This Issue

Insurance Journal West March 24, 2014
March 24, 2014
Insurance Journal West Magazine

Hot New Markets; High Risk Property; Corporate Profiles – Spring Edition; 2013 Mergers & Acquisitions Summary Report

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