Business Moves

National

Arthur J. Gallagher & Co., Tompkins Insurance Agencies Inc.

Tompkins Financial Corp. has closed on the sale of its wholly owned subsidiary, Tompkins Insurance Agencies Inc. (TIA), to Arthur J. Gallagher & Co. for approximately $223 million in cash. The transaction generates a pre-tax gain of $183 million.

TIA is a retail insurance agency offering property/casualty products and employee benefits. Based in Ithaca, New York, TIA has more than 20 locations in western and central New York and in Pennsylvania. All current leadership and direct employees of TIA have joined Gallagher.

Gallagher is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois. It provides services in approximately 130 countries.

Tompkins Financial Corp. is headquartered in Ithaca and is parent to Tompkins Community Bank.

East

Old Republic International Corp., Everett Cash Mutual Insurance Co.

Old Republic International Corp. (ORI), the Chicago-based specialty insurer, entered into a definitive agreement to acquire Everett Cash Mutual Insurance Co. and its affiliated companies (ECM) following its conversion to a stock company in a sponsored demutualization transaction.

ECM is an insurer of small farm owners and select commercial agricultural operations headquartered in Everett, Pennsylvania, and operating in 48 states and the District of Columbia.

Following an expected closing in 2026, ORI expects this transaction to be accretive to book value per share and operating income per share. The acquisition is subject to regulatory and policyholder approval. Financial details of the deal were not disclosed.

ALKEME Insurance, Gorges & Company Inc.

National broker ALKEME Insurance acquired Gorges & Company Inc., a full-service agency based in Timonium, Maryland.

Founded in 1937, Gorges & Co. offers employee benefits, business and personal property/casualty, nonprofit solutions, and Medicare. The agency also serves high-value personal lines clients, apartment complexes, condominium associations, spas, salons and wellness centers, independent contractors, and nonprofit organizations.

Since its founding in 2020, California-based ALKEME has completed more than 70 acquisitions and serves clients in over 60 locations in 29 states.

Philadelphia Insurance Companies, Collector Vehicle Division of Ignyte Insurance

Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle-backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the 63-year history of Philadelphia Insurance Companies. The deal includes all collector vehicle insurance business and employees from American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic.

Ignyte Insurance is a specialty insurance platform focused on building and scaling differentiated brands across high-growth niche markets.

PHLY is a national specialty insurance company with over $4.7 billion in annual premium. The company has 2,000 employees, with 700 based out of its Bala Cynwyd, Pennsylvania, headquarters.

Marsh McLennan Agency, Hayden Wood Insurance Agency Inc.

Marsh McLennan Agency (MMA) acquired Hayden Wood Insurance Agency Inc., a Southborough, Massachusetts-based independent agency. Terms of the acquisition were not disclosed.

The Hayden Wood Insurance Agency is a family-owned and operated independent insurance agency. All employees will join MMA and remain working out of the Southborough office. Hayden Wood primarily provides personal lines expertise to clients nationally, with a specialty in collector auto and motorsports products.

Marsh McLennan Agency is a business of Marsh, which is one of four divisions of Marsh McLennan. Marsh McLennan has annual revenue of over $24 billion and more than 90,000 colleagues.

Midwest

World Insurance Associates, Green Bay Insurance Center

World Insurance Associates acquired the business of Green Bay Insurance Center of Green Bay, Wisconsin. Terms of the transaction were not disclosed.

Founded in 1968, Green Bay Insurance Center is a full-service agency located in Green Bay, specializing in home insurance, auto insurance, business insurance, builders risk insurance, farm insurance, and group health insurance.

Arthur J. Gallagher & Co., Strategic Services Group Inc.

Arthur J. Gallagher & Co. acquired Rochester Hills, Michigan-based Strategic Services Group Inc. Terms of the transaction were not disclosed.

Strategic Services Group provides employee benefits consulting services across a range of industries in Michigan and the Midwest.

EPIC Insurance Brokers & Consultants, Price Insurance

EPIC Insurance Brokers & Consultants is expanding its Chicago and Midwest footprint with the acquisition of Price Insurance, a family-owned agency based in Lake Forest, Illinois.

Founded in 1937, Price Insurance offers comprehensive coverage across home, business, auto, life, health, and more.

West

Renaissance, Insurance Services of the West LLC

Renaissance acquired the agency network business of Insurance Services of the West LLC, doing business as Insurance Agency Network (IAN) in Washington.

IAN is a membership organization with more than 70 members representing a reported $400 million in premium. It is the fifth agency network to come under the Renaissance umbrella since 2023.

Renaissance is an agency network headquartered in Chicago, Illinois. This deal extends Renaissance’s reach into 12 additional states.

Gallagher Bassett, Safe T Professionals LLC

Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business.

Safe T Professionals provides environmental, health and safety management, and staffing services in the construction and manufacturing sectors nationwide with a focus on the Southwest and Western U.S.

Gallagher Bassett is a claims and risk management solutions subsidiary of Arthur J. Gallagher & Co., an insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois.

LP Insurance Services, Mountain West Insurance Services In.

LP Insurance Services expanded into Oregon with the acquisition of Mountain West Insurance Services Inc., based in Salem.

LP is an independent, employee-owned firm specializing in property, casualty, surety, workers’ compensation, employee benefits, personal insurance, and risk management.

Mountain West provides services in areas including in construction, property development, food processing, manufacturing, and general business insurance.