Mergers and Acquisitions News

JenCap Holdings Acquires Missouri-Based M.J. Kelly Co.

New York-based JenCap Holdings LLC has acquired privately held M. J. Kelly Co. (MJK), a managing general agency and wholesale insurance brokerage based in Springfield, Missouri, with offices in nine states throughout the Midwest and Southeast. Since 1986, MJK has …

Texas Nonsubscriber Specialist CPro Associates Buys Accident Insurance Services

Dallas-based general agency CPro Associates Inc. has acquired Accident Insurance Services Inc., also of Dallas. Both companies specialize in Texas nonsubscriber occupational injury benefit plans. The stock purchase transaction becomes effective Oct. 1. Alan Hardin, CEO and founding partner of CPro Associates, …

Global Risk Partners Acquires U.K.-based SLK General Insurance Services  

Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in Ely, Cambridgeshire in the U.K. SLK Insurance’s management team will …

California-Based Confie Acquires Illinois Insurance Agency

Confie, a national provider of personal and commercial lines insurance, has acquired the BMR Agency LLC dba First Stop Insurance in Washington Park, Ill. First Stop Insurance specializes in non-standard auto insurance. The acquisition is one of three recently announced …

Davis Insurance Agency Merges with Fort Worth-Based Higginbotham

Fort Worth, Texas-based Higginbotham and Davis Insurance Agency, headquartered in Lufkin, have merged. Davis Insurance is an independent broker with a workforce of 26 in its Lufkin home office and Amarillo branch. The union adds East Texas and Panhandle offices to Higginbotham and grows it to 800 …

SWBC Insurance Services Acquires Levy & Levy & Lefton in San Antonio

San Antonio-based SWBC Insurance Services, a division of SWBC, has acquired Levy & Levy & Lefton Insurance Agency, one of the oldest independent insurance agencies in San Antonio. David Lefton, principal of Levy & Levy & Lefton, will join the …

Triumph Insurance Acquires Southern Transportation Insurance Agency

Triumph Insurance Group has acquired Dallas-based Southern Transportation Insurance Agency Ltd. Triumph is a full service commercial insurance agency specializing in the transportation sector, and is a subsidiary of TBK Bank SSB. Triumph’s footprint and product offering for clients in the transportation industry expands …

Minnesota’s Kraus-Anderson Insurance Acquires Onyx Benefit Advisors

Minnesota-based Kraus-Anderson Insurance has acquired Onyx Benefit Advisors, based in Bloomington, Minn. Onyx was founded by Jenny Wiederholt-Pine, who built the company into a successful agency, offering services that include health risk management and wellness plans. Wiederholt-Pine will serve as …

Hiscox Sells Hong Kong Division of DirectAsia to Well Link Group Holdings

Hiscox, the specialist insurance group, has completed the sale of the Hong Kong division of its DirectAsia business to Well Link Group Holdings Ltd., having received regulatory approval from the Office of the Commissioner of Insurance (OCI) in Hong Kong. The business will …

UK’s Aviva to Hire JPMorgan’s Singh to Head Global M&A, Source Says

Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally as the British insurer scouts for deals outside its home market. Singh, who led dealmaking for financial institutions in Southeast …