Business Moves & Mergers News

The Hilb Group Acquires Dowling & O’Neil in Massachusetts

The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Tuesday that it has acquired Dowling & O’Neil, an independent agency in Hyannis, Massachusetts. Terms of the transaction were not disclosed. Founded in 1841, Dowling & O’Neil …

Brown & Brown Acquires Social Security Advocates for the Disabled in Mass.

Brown & Brown Inc. announced that its subsidiary, The Advocator Group LLC, has acquired substantially all of the equity interests of Social Security Advocates for the Disabled LLC (SSAD) in Norwell, Massachusetts. Terms of the transaction were not disclosed. Since …

AXA Invests $84 Million in Africa Internet Group, Taking 8% Stake

E-commerce firm Africa Internet Group and French insurer AXA said on Monday they had formed a partnership in which AXA will be the exclusive provider of insurance to AIG and invest 75 million euros ($84 million) to take a roughly 8 …

Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia

China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been pretty active …

Aspen MGA to Acquire Midlands Management’s Texas Personal Auto Book

Aspen Managing General Agency (MGA) and Midlands Management of Texas announced that Aspen MGA has acquired the renewal rights of the Texas personal auto business currently managed by Midlands Management. Richard Bird, chief operating officer of Midlands Management, commented saying …

Digital Benefit Advisors Acquires Hillenbrand in Northern California

Digital Benefit Advisors has acquired Hillenbrand Insurance Solutions of Roseville, Calif. Patric Hillenbrand and his team of nine have joined the Northern California office of DBA. The move expands Digital Benefit Advisors’ presence throughout Northern California. Digital Benefit Advisors is …

Anderson, Bagley & Mayo Acquires Mendolusky Agency in Massachusetts

Anderson, Bagley & Mayo Insurance Agency, an independent agency based in Leominster, Massachusetts, announced that it has acquired Judy A. Mendolusky Insurance Agency, also based in Leominster. Terms of the transaction were not disclosed. Founded in 1986, Judy A. Mendolusky …

Hub Acquires California-Based Equity Risk Partners

Hub International Ltd. has acquired San Francisco, Calif.-based Equity Risk Partners Inc. Terms of the deal were not disclosed. Michael Marcon, CEO of Equity Risk, will join Hub and report to Roy Taylor, president of Hub’s US Western Region. Equity …

Alliant Acquires Aviation Agency John F. Throne & Co. in Washington

Alliant Insurance Services has acquired John F. Throne & Co., a Seattle, Wash.-based aviation insurance agency. Terms of the deal were not disclosed. John F. Throne’s leadership, client services and business development teams will remain in place. John F. Throne …

AssuredPartners Acquires Suydam Insurance Agency in New Jersey

AssuredPartners Inc. announced Wednesday that it has acquired Suydam Insurance Agency in Somerset, New Jersey. Terms of the transaction were not disclosed. Suydam Insurance Agency has provided business and personal insurance coverage to clients in the greater New Jersey area …