Business Moves

January 27, 2025

National

Arthur J. Gallagher, Assured Partners

Arthur J. Gallagher will acquire AssuredPartners for $13.45 billion cash with a deal expected to close during the first quarter 2025, pending regulatory approvals. Orlando, Florida-based AssuredPartners’ 10,900 employees will join Gallagher.

Amynta Group, Crum & Forster

Insurer Crum & Forster, a subsidiary of Fairfax Financial Holdings Limited, sold its C&F Credit Division to Amynta Group, headquartered in New York. The C&F Credit Division underwrites and manages credit insurance products, including mortgage credit and alternative credit risk solutions, primarily for financial institutions and mortgage insurers. The acquired business will operate as a full-service managing general underwriter (MGU) under Amynta Risk Solutions and the continued leadership of Daniel L. Sussman. C&F will remain a partner for the business.

East

World Insurance Associates, United Counties Insurance Group, NorthStar Insurance Services

World Insurance Associates acquired the business of United Counties Insurance Group of Old Bridge, New Jersey in August 2024. United Counties sells home, auto, business and health insurance. In addition, the agency has a focus on serving construction and real estate businesses. Richard Yaeger and Dale Stevens, Jr. are co-owners of United Counties Insurance.

World Insurance Associates LLC also acquired NorthStar Insurance Services of Needham, Massachusetts. NorthStar was founded in 1995 and provides business and personal insurance. Edward B. Pierce, Jr. is founder and president, and Gregory G. Pierce, is senior vice president of NorthStar.

NFP, EBA Services

Global insurance broker NFP acquired certain assets of EBA Services LLC, which does business as AnchorGroup, an employee benefits brokerage and consultancy located in Skaneateles, New York.

AnchorGroup’s Kiehl Hutchings will join NFP as vice president, benefits, and report to Kelly Smith, senior vice president, benefits. Since 1971, AnchorGroup has provided group employee benefits to small and mid-market clients.

AnchorGroup is a member of Benefits Partners, one of NFP’s member organizations and a national corporate benefits producer group.

Afore Insurance Services, BCA Insurance Group

Afore Insurance Services LLC added BCA Insurance Group of New Jersey to its platform as a partner in the Mid-Atlantic region. All employees will remain with the company in their current roles and continue to serve clients from BCA’s Northfield and Marlton, New Jersey offices. BCA sells commercial and personal property/casualty insurance, surety bonds, and consulting. Afore Insurance Services is an insurance brokerage acquisition platform with more than 20 offices nationwide.

HUB International, Fairfield County Bank Insurance Services

Global insurance broker Hub International Limited acquired the assets of Fairfield County Bank Insurance Services, LLC. Headquartered in Ridgefield, Connecticut, Fairfield County Bank Insurance Services is an independent insurance agency providing commercial and personal insurance and employee benefits services.

Mark Connelly, president and chief executive officer, along with the Fairfield County Bank Insurance Services team will join Hub New England. Going forward, the agency will be referred to as Fairfield County Insurance Services, a Hub International company.

Trucordia, Archibald Insurance

Utah-based insurance broker Trucordia, formerly PCF Insurance Services, has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance.

Midwest

ALKEME, Relion Insurance Solutions

ALKEME acquired Relion Insurance Solutions, one of Iowa’s largest insurance agencies with over 140 years of history serving Iowa and surrounding areas. Relion Insurance Solutions provides personal and business insurance, employee benefits and claims and loss control. Relion operates across seven cities in Iowa and is licensed in 13 states.

World Insurance Associates, First International Insurance

World Insurance Associates LLC acquired the business of First International Insurance (FI Insurance), a division of First International Bank & Trust of Watford City, North Dakota. FI Insurance has 12 locations across North Dakota, Minnesota, and Arizona.

Risk Strategies, Cornerstone Broker Insurance Services Agency

Risk Strategies acquired the assets of Ohio-based employee benefits specialty organization Cornerstone Broker Insurance Services Agency Inc., an Ohio-based national provider of employee benefits solutions. The sale also included the assets of ARC Benefit Solutions, which provides ongoing support to employee benefit clients.

AG Specialty, First Agency TPA

A-G Specialty acquired First Agency TPA, A Gallagher Company. First Agency TPA specializes in student and athletic accident coverage at both the interscholastic and intercollegiate levels, as well as special – risk programs such as summer camp insurance, sports camp insurance, clinic insurance and little leagues.

Kalamzoo, Michigan-based First Agency TPA was previously acquired by Arthur J. Gallagher & Co. in 2019.

Southeast

SageSure, Auros Reciprocal Insurance Exchange

SageSure, a managing general underwriter for catastrophe-exposed markets, joined with Auros Reciprocal Insurance Exchange, a property insurance company domiciled in Mississippi.

Truliant, Atkins & Associates

Truliant Federal Credit Union and its Truliant Insurance subsidiary acquired Atkins & Associates Insurance Agency in Greenville, South Carolina. Atkins has been in operation for 16 years. Truliant Insurance, based in Winston-Salem, North Carolina, offers business and personal lines coverage products. The acquisition further expands the firm’s footprint in the Carolinas, Georgia, Tennessee and Virginia. Atkins Insurance will now be Truliant Insurance of Greenville.

Higginbotham, Fitts Agency

Higginbotham joined with Fitts Agency in Tuscaloosa, Alabama. The Alabama agency was founded almost 150 years ago by J.H. Fitts and is considered one of the largest independently owned agencies in western Alabama.

Higginbotham has headquarters in Fort Worth, Texas, and has operations around the country.

South Central

NFP, Capstone Strategies

NFP acquired Capstone Strategies, LLC, a P&C and benefits broker located in Midland, Texas.

Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback, P&C managing director in NFP’s Central region.

Capstone serves the benefits and P&C needs of clients across West Texas with a specialty in commercial P&C solutions for oil and gas extraction companies.

Hub International Limited, Hadfield Agency

Hub International Limited acquired the assets of Hadfield Agency Inc. Terms of the transaction were not disclosed.

Headquartered in Little Rock, Arkansas, Hadfield Agency is an independent, multi-line insurance agency providing commercial and personal insurance, including auto and home insurance.

Chuck Hadfield, president, Charlie Hadfield, operations manager, and the Hadfield Agency team will join HUB Mid-America. Hadfield Agency will be referred to as Hadfield Agency, a Hub International company.

Inzone, Southerland and Associates, Commercial Insurance of Texas

Inszone Insurance Services acquired Southerland and Associates Inc., an agency based in Austin, Texas.

Southerland and Associates focuses both property & casualty and life and health insurance. The agency has specialized in serving small to medium-sized businesses, particularly young entrepreneurs in Austin’s startup community.

Inszone Insurance Services also acquired Commercial Insurance of Texas Agency Services.

Commercial Insurance of Texas specializes in all facets related to automobiles, heavy truck and equipment.

West

Arthur J. Gallagher, Altadena

Arthur J. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., dba Statewide Commercial Insurance Brokers.

Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations.

Statewide Commercial Insurance Brokers is a retail property/casualty insurance agency specializing in construction contractors for commercial clients in California and several other U.S. states.

Leavitt Inland Pacific, Troy Insurance Agency

Leavitt Inland Pacific is merging with Troy Insurance Agency in Idaho. Both agencies are locally owned and affiliates of Leavitt Group, a network of insurance brokers. This partnership enables Leavitt Inland Pacific to offer service team support and use the resources of Troy Insurance Agency’s two Idaho locations in Moscow and Lewiston. The combined agencies will serve Moscow, and the Quad City region.

Alliant, Union First

Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region. Union First is a benefits consulting and third-party administration firm serving public safety labor associations, including police, firefighters and deputy sheriffs.

World Insurance Associates, Sprague Israel Giles Inc.

World Insurance Associates LLC acquired the business of Sprague Israel Giles Inc. in Seattle, Washington. Sprague Israel Giles was founded in 1958 and offers commercial property/casualty, employee benefits and personal insurance products. World Insurance Associates is headquartered in Iselin, New Jersey.

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine January 27, 2025
January 27, 2025
Insurance Journal Magazine

Specialty Markets Directory, Winter Edition