Mergers and Acquisitions News

Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank

Cecil Y. Ray Jr., chairman of AFS/IBEX and former chairman of The Rigg Group, has announced the sale of substantially all of the loan portfolio and related assets of Dallas-based AFS/IBEX Financial Services Inc. – including AFS/IBEX Financial Services Inc. of California and …

Arthur J. Gallagher Acquires Illinois’ Bennett & Shade Co.

Arthur J. Gallagher & Co. has acquired retail insurance broker Bennett & Shade Co. in Decatur, Ill. Terms of the transaction were not disclosed. Founded in 1906, Bennett & Shade provides commercial property/casualty, employee benefits, risk management consulting and personal lines …

Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services

Aquiline Capital Partners LLC (Aquiline), a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services (Worley), headquartered in Hammond, La. Founded in 1976, Worley provides of claims adjustment and related services across the …

NSM Insurance Group Acquires Texas-Based Specialty Aviation Underwriters

NSM Insurance Group announced the acquisition of Specialty Aviation Underwriters (SAU), located in Addison, Texas. Founded over 20 years ago, SAU specializes in aviation products. NSM Insurance Group underwrites more than 20 admitted and non-admitted insurance programs nationally in very specific …

Wisconsin’s R&R Insurance Services, Snyder Insurance Agency Merge

R&R Insurance Services Inc. announced it the merger of  Snyder Insurance Agency, an independent insurance agency based in Oconomowoc, Wis. Both are well-established agencies in Waukesha County. R&R Insurance will be celebrating 40 years of service in southeastern Wisconsin next year …

Arthur J. Gallagher Risk Management Acquires Dezelan Insurance Agency

Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind. Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing property/casualty and risk management consulting services. The firm offers all lines …

NFP Acquires Cincinnati, Ohio-Based Benefit Resources

National Financial Partners Corp. (NFP), a provider of benefits, property/casualty and life insurance, and wealth management services, announced it has acquired Benefit Resources Inc., a Cincinnati-based insurance consulting and brokerage firm that has been a member of NFP’s Benefits Partners …

Chicago-Based Linden Group Joins Digital Benefit Advisors

Linden Group Health Services has joined Digital Benefit Advisors (DBA), a division of Digital Insurance. Digital acquired the Chicago firm, which specializes in group benefits solutions for small to mid-sized companies, and will open a second DBA office in Chicago, …

Arthur J. Gallagher Acquires Missouri-Based Travel Insurance Agency

Arthur J. Gallagher & Co. has acquired Trip Mate Inc., based in Kansas City, Mo. Established in 1989, Trip Mate is a full service travel insurance agency that provides a wide variety of travel protection plans and services for their travel …

Hilb Group Acquires Martin Agency of Kentucky, Florida

The Hilb Group  has acquired The Martin Agency Inc. (TMAI) with offices in Danville, Kentucky, and Celebration and Ormond Beach, Florida. TMAI will continue to operate at its current locations under the leadership of John Carrithers. TMAI represents THG’s continued …