Business Moves & Mergers News

Arthur J. Gallagher Buys New Zealand’s Mike Henry Brokers

Arthur J. Gallagher & Co. has acquired Mike Henry Insurance Brokers Limited (MHIB), headquartered in Auckland, New Zealand. MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch, according to the …

Marsh & McLennan Agency Acquires South Carolina’s Capstone

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, ] has acquired Capstone Insurance Services LLC, a $1.8 million revenue agency located in Greenville, South Carolina. Terms of the transaction were not disclosed. Founded in 1995, …

Selective Sells Renewals on Self-Insured Public Entity Book to Great American

Great American Insurance Group has completed a renewal rights agreement with Selective Insurance Co. of America to acquire Selective’s Self-Insured Group book of business. The business, amounting to $38 million in gross written premium in-force, relates to direct excess policies …

Energi Opens Office in Chicago Area

Energi, a provider of risk management and insurance programs for the energy industry, has opened an office in Downers Grove, Ill. The new office, located at the Esplanade I, will provide operational support for Energi’s Midwest risk mitigation and insurance …

The Leavitt Group Creates Leavitt Heartland Insurance Services

The Leavitt Group’s Spearfish and Sturgis, S.D. offices, formerly part of Western Dakota Insurors, are forming a new agency called Leavitt Heartland Insurance Services, which will remain part of the Leavitt Group. All personnel will remain with the agency and …

The Leavitt Group Opens New Office in Houston

The Leavitt Group has opened a new office, Risk Services – Leavitt Insurance Agencies, in Houston. The agency will be co-managed/owned by Vladimir Chemadurov and Rob Eppers. In the South Central region, Utah-based Leavitt Group also has existing offices in …

PSA Insurance & Financial Services Acquires Councill in Maryland

PSA Insurance & Financial Services in Hunt Valley, Md., acquired Councill, a Towson, Md.-based firm offering insurance products, third-party administration and risk management services for nursing homes, assisted living and independent living facilities. The terms of the transactions were not …

Woodruff-Sawyer Opens Denver Office

Woodruff-Sawyer & Co. has launched a Denver, Colo. office, Woodruff-Sawyer Colorado. The office will be headed by Gordon Zellers, the Colorado practice leader. Zellers will focus on client relationship management and business development as he works to build Woodruff-Sawyer’s presence …

Hilltop Holdings Inc. to Acquire SWS Group

Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …

Hudson Acquires Trucking Program Manager, Motor Transport Underwriters

Hudson Insurance Group has acquired Motor Transport Underwriters Inc. (MTU), an underwriting, claims and risk management specialist in the long-haul trucking arena with which Hudson does business. The announcement said MTU will continue to be led by Greg Bonnell and …