2018 Business Moves & Mergers News

Markel Completes Acquisition of Investment Manager Nephila

Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will continue to operate as a separate business unit. The management …

Ohio’s Scott Molino Agency Joins Smith & Leavitt Insurance Services

Scott Molino Agency in Grove City, Ohio, has affiliated with Smith & Leavitt Insurance Services and will now do business as Leavitt Group Midwest-Smith, Molino & Sichko. The agency will continue to offer Nationwide insurance products. The affiliation will not …

DMS Insurance Holdings’ Sherman Partners on Purchase of Texas Agency

A longtime Texas insurance agency is now operating under its former name, Sleeper Sewell Insurance, following the purchase of the assets of ANBTX Insurance Services by agency president Von E. Breaux and industry veteran D. Michael Sherman, owner of DMS …

Texas Agency Sleeper Sewell Regains Name Following Asset Purchase

A longtime Texas insurance agency is now operating under its former name, Sleeper Sewell Insurance, following the purchase of the assets of ANBTX Insurance Services by agency president, Von E. Breaux, and industry veteran D. Michael Sherman, owner of DMS …

Cascade Insurance Agency in Washington Merges with Leavitt Group

Oak Harbor, Wash.-based Cascade Insurance Agency merged operations with Leavitt Group Northwest. Terms of the deal were not disclosed. Shelli Trumbull will join Sue Blouin and Bonnie Wallin in Leavitt Group’s Oak Harbor office. With this merger, the combined agency …

The Hilb Group Acquires Michigan’s Burns & Eustice Insurance Agency

Hilb Group LLC (THG) has acquired Michigan-based Burns & Eustice Insurance Agency (B&E). B&E has been offering property/casualty insurance products and services to businesses and individuals throughout northern Michigan since 1931. Led by Managing Director Tony Eustice, B&E’s associates will …

Arthur J. Gallagher Acquires Richter International Consulting in Washington

Arthur J. Gallagher & Co. has acquired Issaquah, Wash.-based Richter International Consulting LLC. Terms of the deal were not disclosed. Founder Dave Richter and his associates will continue to operate from their current location under the direction of Leslie Lemenager, …

Seeman Holtz P&C Acquires Missouri Agency, Redel Insurance

Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of a century. The agency offers personal and commercial insurance, from …

Hub Acquires Oklahoma Retirement Plan Consulting, Financial Services Firm

Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Chicago-based global insurance brokerage Hub International Limited (Hub), has acquired the Oklahoma-based retirement plan consulting and financial services business of Felix Jones, Jones Retirement. Terms of the transaction were …

American Financial Group to Acquire ABA Insurance Services

American Financial Group Inc., based in Cincinnati, Ohio, is acquiring ABA Insurance Services Inc. (ABAIS) from American Bankers Mutual Insurance Ltd. (ABMI). Based in Shaker Heights, Ohio, ABAIS provides directors and officers (D&O) and other complementary insurance solutions for banks, …