Business Moves

National

Sompo Holdings, Aspen Insurance Holdings

Sompo Holdings, a wholly owned subsidiary of Sompo International Holdings, has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach outside of its home territory.

With Aspen, Sompo gets a specialty and reinsurance franchise with over $4.6 billion in annual gross written premiums in lines of business such as cyber, credit and political risk, inland marine, U.K. property and construction, and U.S. management liability.

Sompo also gains Aspen’s experience in global casualty, property, property catastrophe, and specialty reinsurance lines. Aspen Lloyd’s syndicate provides access to complex risks and reinsurance licensing across markets untapped by Sompo in the Americas, the U.K., Europe, and the Asia Pacific.

The deal is expected to close during the first half of 2026. The companies’ boards have each unanimously approved the transaction.

Midwest

WalkerHughes Insurance, S&R Insurance

WalkerHughes Insurance acquired S&R Insurance, a retail insurance brokerage headquartered in St. Robert, Missouri. This marks WalkerHughes’ first presence in south-central Missouri. S&R Insurance brings a portfolio of personal and commercial lines, built on decades of relationships and services tailored to local needs. With offices in St. Robert and Houston, Missouri, the agency offers reach into the heart of south-central Missouri.

South Central

AvonRisk, AS&G Claims Administration, Care Logic Inc.

AvonRisk, a national provider of risk management, claims administration, and managed care services, acquired AS&G Claims Administration Inc. and Care Logic Inc., a Houston, Texas-based third-party administrator specializing in workers’ compensation, auto liability, general liability, and medical bill review services. AS&G will continue to operate under its current name, with its existing leadership team remaining in place.

The acquisition gives AvonRisk access to new markets across Texas, Louisiana, Mississippi, and Alabama, deepening its expertise in public entity workers’ compensation and general liability.

Southeast

Vision Insurance Exchange Moves Into Florida

Regulators have tentatively approved another new property insurer for the Florida market: Vision Insurance Exchange, led by former Florida Peninsula Insurance CEO Roger Desjadon. Vision is based in Cape Coral, Florida.

If a license is granted, Vision would be at least the 14th property/casualty firm to set up shop in Florida since state lawmakers approved landmark changes that have reduced what many in the industry had called excessive and frivolous claims litigation.

Vision plans to participate in takeouts of policies held by the state-created Citizens Property Insurance Corp. However, the firm is not on the OIR list of companies approved for takeouts in 2025.

Mark Berset, who was at one time the CEO of Comegys Insurance, is chairman of the Vision exchange oversight committee. Ronald Scalzo Jr., previously with Flagler Insurance Agency, is chief operating officer. Frank Lattanzio is the chief financial officer.

Marsh McLennan Agency, Robins Insurance

Marsh McLennan Agency (MMA), a business of Marsh headquartered in White Plains, New York, acquired Robins Insurance, a Nashville, Tennessee-based independent insurance agency. Terms of the acquisition were not disclosed.

Founded in 1976, Robins primarily provides business insurance and personal lines expertise to clients in the region, with niche expertise in real estate, construction, hospitality, community associations, and manufacturing. All Robins employees, including CEO Van Robins, will work out of their existing Nashville office.

West

Wealthspire Advisors, Marin Financial Advisors

Wealthspire Advisors LLC, an NFP company, has entered into an agreement to acquire Marin Financial Advisors in Larkspur, California. NFP is an Aon company.

Marin Financial Advisors has provided individuals and families with financial services since 1987. The firm is led by Principal Colin Drake, who will continue serving clients alongside Christine Cione, client service director.

Wealthspire Advisors is an independent registered investment advisor with a reported $31 billion in assets under management and 25 U.S. offices.