Business Moves & Mergers News

Hub International to Acquire Chicago-Based Laurus Strategies

Insurance brokerage Hub International Limited (Hub) announced its Chicago-area affiliate Hub International Midwest (Hub Midwest) plans to acquire Laurus Strategies (Laurus) from CSIG Holding Co. Laurus is an employee benefits, human resources, and human resource information system (HRIS) global benefits …

Universal Property & Casualty Insurance Licensed in Indiana

Universal Insurance Holdings Inc. announced that its subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has been approved as a licensed insurance entity in Indiana. UPCIC expects to file its homeowners insurance rates and forms with the Indiana Department of …

ITC Joins IIABA’s Agents Council for Technology

Carrollton, Texas-based Insurance Technologies Corporation (ITC) is the newest company partner of the Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT), the agents’ association announced. Founded in 1983, ITC provides marketing, rating and management software and …

Florida’s AssuredPartners Acquires Alabama’s Turner & Hamrick

Agency acquirer AssuredPartners Inc. of St. Mary, Florida, has purchased the assets of Turner & Hamrick, LLC, headquartered in Troy, Alabama. The Alabama agency specializes in insurance for the trucking industry, in addition to coverage for businesses, individuals, and professional …

Mercury Agrees to Acquire Workmen’s Auto Insurance in California

Mercury General Corp. has entered into a definitive agreement to purchase of Workmen’s Auto Insurance Co. Both insurers are based in Los Angeles, Calif. The purchase price is $8 million and the transaction is expected to close during the first quarter of …

The Horton Group Acquires BF&S Insurance

Orland Park, Ill.-based insurance brokerage, The Horton Group, announced the acquisition of certain assets of Boyle, Flagg and Seaman (BF&S) Insurance, located in Illinois and Michigan. BF&S’s Illinois retail operations will now operate under the Horton name and staff will …

Mullis Newby Hurst Opens Office in San Antonio

Dallas-based Mullis Newby Hurst LP (MNH), one of the largest writers of construction insurance and surety bonds in the Southwest, has hired David Layman to expand to San Antonio. Layman has served as head of contract surety underwriting for NAS Surety …

RLI Adds New Healthcare Liability Division

Peoria, Ill.-based RLI Corp. has launched a new healthcare liability division, RLI Healthcare, and added Scott Ducey to lead the operation as vice president. RLI will provide liability insurance coverage for targeted risks that include, but are not limited to, …

Risk Strategies Acquires Benefit Development Group in Massachusetts

Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and voluntary benefits in the Northeast. This latest transaction marks the …

Heffernan Acquires Pilot Employee Benefits in New York

Heffernan Insurance Brokers announced it has purchased the assets of Pilot Employee Benefits of Melville, New York. Family owned and operated for over 50 years, Pilot Employee Benefits has developed benefits programs and services for a wide variety of companies …