2019 business moves & mergers News

Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana

Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance Underwriters is a managing general agency (MGA) offering a variety of property/casualty …

Brown & Brown Subsidiary Acquires Illinois’ Izzo Insurance Services

Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Izzo Insurance Services Inc., based in Bloomingdale, Illinois. Founded in 1980 by Karen Izzo, Izzo Insurance Services is a wholesale brokerage that …

Johnson & Johnson Acquires Louisiana’s Strickland General Agency

Charleston, South Carolina-based Johnson & Johnson is expanding its footprint into Louisiana by acquiring the assets of Strickland General Agency of LA Inc. (SGA LA), located in Harahan, Louisiana. Strickland General Agency was established in 1995 as a full service, …

Greenlight Re Invests Further in Chicago’s AccuRisk Solutions

Greenlight Capital Re, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, announced it is again investing in the Chicago-based managing general underwriter (MGU) AccuRisk Solutions. Greenlight Re made an initial investment in AccuRisk in 2017. With …

ONI Risk Partners Acquires Indiana’s MBAH Insurance

ONI Risk Partners (ONI), headquartered in Indianapolis, is acquiring MBAH Insurance (MBAH), a Lafayette, Indiana-based insurance agency that has been in operation for more than 90 years. The MBAH team joins ONI’s 300-plus insurance professionals serving business and individual clients …

Oklahoma’s Webb, Young and Webb Insurance Merges with Rich & Cartmill

Oklahoma City-based Webb, Young & Webb Insurance has joined Rich & Cartmill Insurance and Bonds, headquartered in Tulsa, Oklahoma. The affiliation will combine the strengths of both organizations to allow Rich & Cartmill to better serve clients in Oklahoma and …

Illinois’ Sheridan Road Financial Acquired by Hub International

Chicago-based, global insurance brokerage Hub International Limited (Hub) has acquired the assets of Sheridan Road Financial LLC (Sheridan Road), an institutional retirement consulting and private wealth firm, and certain of its affiliates. Terms of the transaction were not disclosed. Headquartered …

Seeman Holtz P&C Acquires Houston’s Premier Medical Practice Group

Seeman Holtz Property & Casualty LLC has acquired Professional Medical Insurance Services (PMIS), headquartered in Houston, with seven other offices across the country. This PMIS medical and malpractice group will further expand the Seeman Holtz Property & Casualty Healthcare Division, …

Dentists Benefits and Northwest Dentists to Merge With The Dentists Insurance Co. in California

Dentists Benefits Insurance Co. and Northwest Dentists Insurance Co., acquired by The Dentists Insurance Co. in 2017, have merged into parent company TDIC. The merger was effective Jan. 1 after final regulatory approval. The merger was approved by the California …

Oklahoma’s Midlands Management Corp. Bought by Safety National Casualty

Midlands Management Corp., a managing general agent, wholesale broker, program administrator and insurance services provider headquartered in Oklahoma City, has been acquired by multi-line specialty insurance carrier Safety National Casualty Corp. As a result of this transaction, Midlands Management Corp. …