Business Moves

National

ReSource Pro, Propellint

ReSource Pro, headquartered in New York City, acquired Propellint, a technology services firm specializing in implementation and support for insurance platforms including Insurity among others.

The acquisition expands ReSource Pro’s ability to assist with complex data migrations and core system implementations, complementing its existing strengths in workflow optimization and transformation services. Propellint’s clients can expect continued service, now backed by ReSource Pro’s expanded resources.

East

World Insurance Associates LLC, Healey & Associates

Global insurance broker World Insurance Associates LLC acquired the business of Healey & Associates of Portland, Maine.

Healey has been offering employee benefits to clients throughout New England since 1982, with a special focus on serving nonprofits. Healey is World Insurance’s first employee benefits agency in Maine.

World Insurance, headquartered in Iselin, N.J., serves its clients from more than 300 offices in the U.S. and the U.K. Terms of the deal were not disclosed.

COVU Inc., Ford Insurance Agency

San Francisco, California-based COVU Inc. acquired Ford Insurance Agency, a 100-plus year-old, family-owned business based in Eliot, Maine. Operated by the Lonsinger family, Ford Insurance Agency provides commercial and personal lines coverage. The price was not disclosed. The transaction includes a three-year non-compete.

Midwest

First Financial, Westfield Bancorp

First Financial entered into a definitive agreement to acquire Westfield Bancorp, in a cash and stock transaction, from Ohio Farmers Insurance Company. Ohio Farmers is the parent company of the global property and casualty insurance group conducting business as Westfield.

The acquisition adds all of Westfield Bank’s retail banking locations and its commercial, insurance agency and private banking services. First Financial’s larger balance sheet will provide expanded credit capacity for Westfield Bank.

Under the terms of the agreement, First Financial will purchase 100% of the stock of Westfield Bancorp from its sole shareholder, Ohio Farmers. The transaction is valued at $325 million, which will be paid 80% in cash and 20% in stock of First Financial. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and satisfaction of customary closing conditions. No First Financial shareholder approval is required. Approval of Westfield Bancorp’s sole shareholder, Ohio Farmers, has been received.

Bishop Street Underwriters, Aerospace Insurance Managers

Bishop Street Underwriters acquired Ohio-based Aerospace Insurance Managers, a general aviation insurance services provider, from Hallmark Financial.

This acquisition marks Bishop Street’s entry into the aviation insurance market. Financial terms of the deal were not disclosed.

AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircraft flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM’s 16-person team will be led by Sean Kelley, vice president – chief underwriting officer, and Randy Kasen, vice president – business development and operations.

South Central

Inszone Insurance Services, Osterts and Associates LLC

Inszone Insurance Services acquired Osterts and Associates LLC, an insurance agency based in Plano, Texas.

Osterts and Associates, owned by Jerry and Kim Ostert, was founded in 1992 by Kim’s father, George Wynn, as the George Wynn Agency. Osterts and Associates specializes in all lines of personal insurance–including auto, umbrella, RV, boat–as well as life, financial services and business and commercial insurance.

Southeast

World Insurance Associates

World Insurance Associates acquired the business of five entities with locations across Louisiana on March 1.

The agencies are Insurance Unlimited of Louisiana LLC, Erwin Insurance Agency Inc., Burke & Burke Insurance Marketing Inc., Courtney Insurance Services Inc., and U.S. Principal Insurance.

Terms of the transaction were not disclosed.

The entities provide comprehensive property and casualty and employee benefit insurance products to businesses across numerous industries, as well as to individuals.