Mergers and Acquisitions News

4 CAA Agencies Expand Through M&As

Austin, Texas-based Combined Agents of America LLC (CAA) announced that member agencies have expanded their books of business and locations through mergers and acquisitions (M&A) over the last nine months. Together, four CAA members have grown their agencies by an …

Associated Banc-Corp to Acquire Ahmann & Martin in Minnesota

Associated Banc-Corp (Associated) announced it has entered into an agreement to acquire Ahmann & Martin Co., a risk and benefits consulting firm in Minnesota, through Associated’s subsidiary, Associated Financial Group. The transaction is expected to close in February. Associated Financial Group …

Ohio’s Smith Insurance Services Partners with the Leavitt Group

Ohio-based Smith Insurance Services Inc., along with Franchise Insurance Agency Inc., has entered into a partnership with the Leavitt Group. The agency will now be doing business as Smith & Leavitt Insurance Services and will continue to exclusively offer personal …

California Surplus Lines up Considerably in 2014, Report Shows

Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines Association of California. For 2014 there was …

J. Mace Meeks Insurance Team Joins Insgroup in Houston

J. Mace Meeks has moved his insurance practice to Houston-based privately held insurance agency, Insgroup Inc., effective Jan.1, 2015. With 25 years of experience, Meeks and his team of nine professional associates bring to Insgroup their commitment to the highest …

Western National Insurance, Michigan Millers Mutual Join Forces

Minnesota-based Western National Insurance Group announced an affiliation between Michigan Millers Mutual Insurance Co. and Western National Mutual Insurance Co. This affiliation will be final after the necessary regulatory approvals are completed, which are expected to be done by the …

DSP Insurance Services Acquires Willis of Illinois’ Schaumburg Office

DSP Insurance Services, based in the Chicago area, announced the purchase of certain assets of Willis of Illinois’ Schaumburg office. The acquisition was finalized Dec. 31, 2014. John Adams, Bob Mielke, Jerry Olson and key staff personnel lead the team …

Brown & Brown Subsidiary Acquires Hall-Wright General Agency

Brown & Brown Inc., through its subsidiary, Texas Security General Insurance Agency Inc., has acquired Hall-Wright General Agency Inc. (Hall-Wright) and related affiliate companies. With origins dating back to 1971, Hall-Wright is a managing general agency with annual revenues of …

Hub International Acquires Iowa-Based Brokerage, Ruhl & Ruhl

Global insurance broker, Hub International Limited (Hub), announced that its Chicago-area region Hub International Midwest (Hub Midwest) has acquired the assets of Ruhl & Ruhl Insurance, based in Davenport, Iowa. Terms of the acquisition were not disclosed. Founded in 1862, Ruhl …

Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott

Wholesale insurance broker and general agency, Donald Gaddis Co. Inc., has purchased rights to all the renewals of Kelly and Elliott Ltd. Both companies are headquartered in Chicago. Gaddis also hired all of Kelly and Elliott’s employees. The transaction was effective …