2019 Mergers & Acquisitions News

Arthur J. Gallagher & Co. Acquires RPA, Innovative Coverage Concepts

Arthur J. Gallagher & Co. has acquired Parsippany, N.J.-based RPA Insurance Services LLC and Innovative Coverage Concepts LLC. RPA Insurance Services is a provider of insurance and risk management services to the restaurant and hospitality industries. It operates from offices …

Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23

The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. “This acquisition is a significant milestone for our company and accelerates the achievement of key strategic objectives. We …

Tangram Insurance Services Acquires Assets of Pennsylvania’s GMG Underwriters

Tangram Insurance Services Inc., a managing general underwriter and program manager, has purchased the assets of Langhorne, Penn.-based managing general agent, GMG Underwriters (GMGU). The transaction became effective May 1, 2019. Matt Smerkanich, former owner and president of GMGU, has …

K2 Insurance Services Recapitalizes with Lee Equity; Will Spin Off Aegis Security

San Diego-based K2 Insurance Services, a specialty insurance services holding company, has found a new equity partner. Lee Equity Partners, a middle market private equity firm, has agreed to acquire a majority ownership interest in K2. K2 said that its …

Alera Group Acquires Pennsylvania’s ARMS Insurance Group

Alera Group, a national independent insurance agency, has acquired ARMS Insurance Group, effective May 1, 2019. ARMS, a general agency headquartered in Bethel Park, Penn., has served insurance brokers throughout western Pennsylvania and the surrounding states for more than 25 …

W.N. Tuscano Agency Agrees to Acquire Pennsylvania’s Insurance Markets Inc.

W.N. Tuscano Agency Inc. has signed an agreement to acquire Clarks Summit, Penn.-based Insurance Markets Inc. Founded in 1960, Insurance Markets Inc. is a managing general agency (MGA) and surplus lines broker serving clients primarily in Pennsylvania. The Insurance Markets …

The Hilb Group Acquires Summit Insurance Services

The Hilb Group LLC (THG) has acquired Summit Insurance Services LLC (SIS), the insurance operations of Summit Financial Group Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019. SIS is an insurance agency that primarily provides employee …

Hub International Limited Acquires Assets of RIMS Insurance Brokerage Corporation

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of RIMS Insurance Brokerage Corporation. Located in Providence, R.I., RIMS Insurance Brokerage Corporation has offered medical professional liability insurance as well as life, health, disability, workers’ compensation, business …

World Insurance Associates Acquires New Jersey’s Joseph A. Britton Agency

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired the Joseph A. Britton Agency Inc. of Mountainside, N.J., on April 1, 2019. The Joseph A. Britton Agency is a healthcare and professional liability insurance agency …

Paquin Insurance Agency Joins OceanPoint Insurance Agency in Rhode Island

Paquin Insurance Agency has joined OceanPoint Insurance Agency’s organization in Rhode Island. Paquin Agency Principal Rick Paquin has accepted a position as vice president for OceanPoint, and he and his brother, Greg, will continue to serve the local community from …