National
Aon, USI Insurance
Aon plc confirmed a definitive agreement to buy USI Insurance Services from private equity firm KKR for $17 billion.
Aon said the deal bolsters its goal to target the U.S. middle market segment, building upon its 2024 acquisition of NFP for $13 billion. The acquisition gives Aon expanded direct access to the excess & surplus market through MGAs and MGUs with USI’s wholesale capabilities. USI Chairman and CEO Mike Sicard will serve as president of Aon plc and global CEO of middle market once the deal is closed, which is expected to occur during the fourth quarter of 2026. The boards of each company have approved the deal, and the brokers will continue to operate separately until the closing date.
Aon will fund the transaction and related transaction expenses with new debt. Aon expects to deliver about $395 million in annual run-rate net adjusted EDITDA from revenue and cost synergies from the deal. Aon is the third-largest broker in the U.S., behind Marsh and Arthur J. Gallagher, with about $8.15 billion in revenue.
East
Stewart Information Services Corp., Tower Title
Houston-based title insurer and real estate services firm Stewart Information Services Corp. reports it has acquired East Providence, Rhode Island-based Tower Title, a national specialist in title services for the telecommunications industry. Terms of the transaction were not disclosed.
Founded in 2019, Tower Title serves the telecommunications industry, while also servicing solar farms, wind turbines, data centers, and billboards. Telecommunications firms rely on title insurance to protect the land they lease or purchase for their data centers, cell towers, data centers, fiber optic lines, and rooftop equipment against boundary disputes, ownership claims, or legal defects.
The acquisition strengthens and diversifies Stewart’s National Commercial Services (NCS), specifically the company’s Energy & Infrastructure group, by adding a complementary infrastructure business.
Ignyte Insurance, InsureMyTrip
Pennsylvania-based Ignyte Insurance, a specialty insurance platform, has acquired InsureMyTrip, a travel insurance marketplace that helps travelers compare and purchase coverage from insurance providers. Terms of the transaction were not disclosed.
Rhode Island-based InsureMyTrip reports it has served more than 6 million travelers. Its marketplace includes insurance for trip cancellation, travel medical, evacuation, cruise, student travel, and annual protection plans. InsureMyTrip will continue operating under its own brand name.
Ignyte Insurance is focused on building and scaling specialty insurance brands in unique, niche markets. This acquisition enhances Ignyte’s global portfolio of travel and travel medical insurance businesses that include ISO Student Health Insurance, Envisage Global Insurance, AllClear, InsureandGo, and International Student Insurance.
Midwest
Inszone Insurance Services, Aviza Insurance Agency
Inszone Insurance Services acquired Aviza Insurance Agency, expanding Inszone’s footprint in Michigan. Founded in 1966 and operating today as Aviza Insurance Agency, Inc., the agency has served Coldwater, Michigan and the surrounding tri-state area with both personal and commercial coverage.
Freestone Insurance Group, 360 Benefits
Freestone Insurance Group, a Shore Capital Partners portfolio company, acquired 360 Benefits, an employee benefits-focused brokerage based in Chicago. 360 serves privately held, middle-market employers across a broad range of industries, delivering high-touch consultative benefits and risk management solutions.
The transaction furthers Freestone’s Midwest presence and strengthens its existing employee benefits practice. Bill Pragalz will continue to lead the business as president of 360 Benefits. Backed by Freestone and Shore resources, 360 will deepen core service offerings, invest in technology and talent, and expand access to Freestone’s broader risk management capabilities.
West
Crest Insurance Group, Tegeler & Associates
Crest Insurance Group is acquiring Tegeler & Associates in Pinedale, Wyoming. Tegeler & Associates was founded in 1943 and acquired by the Tegeler family in the 1970s. The agency has 14 locations throughout Wyoming and provides insurance services for individuals, families, and businesses.
Crest provides property/casualty, life, health, and employee benefits services throughout the West.
Was this article valuable?
Here are more articles you may enjoy.
Where Have all the Atlantic Hurricanes Gone? 
New York Contractor Charged with $160K Workers’ Comp Insurance Fraud 
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts From This Issue
