Business Moves

National

SIAA, Rogue Risk

SIAA (Strategic Insurance Agency Alliance) said it has acquired and partnered with Rogue Risk, a digital independent insurance agency.

Ryan Hanley, the founder of Rogue Risk, says his agency has a mission to deliver “a ‘No Customer Left Behind’ digital experience for small businesses, while providing insurance professionals a ‘No Ceiling’ insurance career.”

Hanley will continue as president of Rogue Risk and will join SIAA’s senior management team.

Terms of the transaction were not disclosed.

With the acquisition of Rogue Risk, SIAA says it continues its commitment to the creation, growth, retention, and evolution of independent insurance agents, agencies, and the IA channel as a whole.

East

Hilb, Paige & Campbell, Taylor Palmer

National insurance agency The Hilb Group acquired Vermont-based Paige & Campbell Inc., and its subsidiary the Taylor Palmer Agency in Bradford, expanding the company’s growing presence throughout New England.

Based in Barre, Vermont — with additional offices in Bristol, Bradford and Waitsfield — Paige & Campbell has served the area for more than 100 years.

Agency principals Steven and Jonathon Shea and their staff will join the Hilb Group’s New England regional operations.

The Hilb Group, headquartered in Richmond, Virginia, is a portfolio company of The Carlyle Group, a global investment firm. The company has completed more than 130 acquisitions and now has more than 100 offices in 22 states.

One80, Seacoast Specialty

Boston-based specialty insurance broker One80 Intermediaries acquired New York-based Seacoast Specialty Administrators Inc. Terms of the deal were not disclosed.

Established in 1997, Seacoast is a family-owned wholesale broker and program manager specializing in commercial marine risks such as commercial fishing vessels, inspected passenger vessels, and uninspected passenger vessels. Key lines of business include hull, protection and indemnity, pollution and marine liabilities.

Principals at Seacoast include Jane Saliba and Will Wells. The firm has staff in the Mid and North Atlantic region as well as the Pacific Northwest.

One80 Intermediaries is a privately held wholesaler with offices throughout the U.S. and Canada.

Midwest

Arthur J. Gallagher, G.A. Mavon & Co.

Arthur J. Gallagher & Co. acquired Hinsdale, Illinois-based G.A. Mavon & Co. and its Mavco Insurance Agency Inc. subsidiary.

Founded in 1916, G.A. Mavon & Co. is a fourth-generation, family-run, standard and specialty lines wholesale broker. Mavco Insurance Agency, founded in 1972, is its retail insurance agency subsidiary. Both firms serve the insurance needs of high-net-worth personal lines clients, as well as commercial business owners, with a focus on professional lines.

Phil Mavon and his associates will continue to operate from their current location under the direction of Matt Lynch, VP-Central Binding Region for Risk Placement Services Inc. — Gallagher’s US wholesale brokerage, binding authority and programs division — and Jeff Saunders, president of Personal Lines for Gallagher’s U.S. retail property/casualty brokerage operations.

South Central

Risk Strategies, Advisor Brokerage Services

Risk Strategies acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services.

Although well established in Texas, ABS is the first acquisition in Austin for Risk Strategies. Focused on serving alternative asset management firms, ABS offers highly specialized insurance coverages for large financial institutions, hedge funds, private equity firms and family offices.

Since its founding in 2014 by Charles Newman, ABS has had strong ties to the rapidly growing Austin community. ABS was structured to accommodate a wide variety of accounts while also handling complex risks.

The company’s capabilities include comprehensive insurance solutions for portfolio investments, support for smaller placements, private client services, internal and external diligence, as well as request for proposal (RFP) consulting for portfolio companies and subsidiaries.

Dean & Draper, Baty Worldwide

Dean & Draper Insurance Agency L.P. acquired Houston, Texas-based Baty Worldwide effective April 1, 2022.

“This acquisition will increase Dean & Draper’s revenue of commercial, personal, employee benefits, as well as risk management,” Dean & Draper President and CEO Kyle Dean commented.

Rick Baty, who started Baty Worldwide in July 2011, passed away on Sept. 30, 2021. Baty Worldwide’s staff will remain working out of their Houston location.

Southeast

Relation, Yarborough Agency

Relation Insurance Services acquired the South Carolina-based Ernie Yarborough Insurance Agency. Yarborough, headquartered in Columbia, South Carolina, was previously part of Nationwide Mutual Insurance’s exclusive distribution model.

The agency offers personal and commercial lines insurance throughout the state. It will join Relation’s Main Street/small commercial division and Ernie Yarborough will continue to lead the operations.

Relation, backed by the private equity firm Aquiline Partners, is an insurance brokerage that has 1,200 employees in 125 sites around the U.S., the company said.

King, Ameriway

The King Insurance brokerage firm acquired Ameriway Insurance Co., based in Fernandina Beach, Florida, near Jacksonville, the companies announced.

Ameriway provides commercial and personal lines coverage and was founded by Charles Hayes. He will continue to run the operation until his retirement.

King was founded in 1974 in Gainesville, Florida, and provides property/casualty and employee benefits products.

Higginbotham, Lyon Fry Cadden

Alabama-based Lyon Fry Cadden Insurance is now part of Fort Worth, Texas-based Higginbotham.

Higginbotham said the acquisition marks the firm’s first move into Alabama. The broker now has offices in most Southern states.

Gaylord Lyon Jr., president of Lyon Fry Cadden, will stay on as managing director of the 30-person operation in Mobile. The

agency began in 1905 and mostly serves middle-market businesses in a range of industries, with commercial insurnce, personal lines and surety bonds.

West

Hub, Evo Insurance Services

Hub International Ltd. acquired the assets of EVO Insurance Services Inc. in Chico, California. EVO is a privately held insurance agency specializing in employee benefits programs.

EVO Shawn Blofsky, president and founder of EVO Insurance Services, and the EVO Insurance Services team will join Hub Central and Northern California, and report into the Sacramento region.

Chicago, Illinois-based Hub is an insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.