Business Moves & Mergers News

Ryan Specialty Group to Acquire Trident Marine Managers

RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general agency that has served the energy sector for more than 35 …

BKS Partners in Florida Partners With D&M Insurance Solutions

Tampa, Fla.-based insurance brokerage Baldwin Krystyn Sherman Partners (BKS) has partnered with D&M Insurance Solutions, LLC (D&M), a Clearwater, Fla.-based insurance consulting and brokerage firm. The partnership was finalized on Feb. 22, 2017. D&M focuses on serving financial institutions, investors, …

WestCongress Insurance Services Opens in Detroit

WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines coverage in niche and underserved segments. The company’s initial product …

Avant Acquires Kansas-Based Supermarket Insurance Group

Avant LLC has purchased Supermarket Insurance Group (SIG), based in Overland Park, Kansas. SIG is a property/casualty insurance provider to the supermarket niche in the U.S. with a concentration in the Midwest. SIG is led by CEO Bill Morrison Based …

Arthur J. Gallagher Acquires Wisconsin’s Kelly Financial

Arthur J. Gallagher & Co. has acquired Madison, Wisconsin-based Kelly Financial Inc. Terms of the transaction were not disclosed. Founded in 1957 by John M. Kelly and incorporated in 1994 by Scott Kelly, Kelly Financial offers retirement plan management, wealth management …

Voldico Insurance, Brendanwood Financial Brokerage Form Alliance

Osgood, Indiana-based Voldico Insurance LLC has formed a key partnership alliance with Brendanwood Financial Brokerage LLC, the company announced. Voldico Insurance is an independent full-service property/casualty retail insurance and financial services provider. Brendanwood Financial Brokerage specializes in life insurance, long …

Hub International Acquires Assets of Employer Resource Group in California

Hub International Ltd. has acquired the assets of Employer Resource Group Financial & Insurance Services Inc. in Torrance, Calif. Terms of the deal were not disclosed. Tim Dickins, ERG founder and CEO, will join Hub California and report to Andrew …

US-Reports and Canadian Reports Merger Creates Colorado Risk Solutions Firm

H.W. Kaufman Financial Group has combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm, which is based in Fort Collins, Colo. The merger will continue their global presence and allow a single source for loss control inspection, …

AIG to Sell Vermont’s Stowe Mountain Ski Operations After Seven Decades

American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at Vermont’s Stowe Mountain to Vail Resorts Inc. AIG will retain majority ownership of the base area, which includes a 312-room …

Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC

Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was founded in 1898 and its team of 16 is …