2020 business moves & mergers News

Insurance Industry Veterans Launch Upland Capital Group in Dallas

Upland Capital Group (Upland), a Dallas-based specialty insurance business led by long-time insurance and investment executives has opened for business. Upland is funded through an equity investment of up to $200 million from Newlight Partners LP (Newlight), a growth equity …

Brown & Brown Acquires Assets of Ohio’s Berry Insurance Group

Brown & Brown of Ohio LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Berry Insurance Group, based in Ohio. Founded in 2002 by Mark Berry, Berry Insurance Group has grown to one …

Global Risk Solutions Acquires Texas’ Tailored Adjustment Services

Global Risk Solutions Inc., a provider of property/casualty claims, environmental risk management and complex claims products and services, has acquired Tailored Adjustment Services Inc., based in Colleyville, Texas. Tailored, specializes in property/casualty claims as well as litigation management. It was …

Sompo Acquires Diversified Crop Insurance, Forms AgriSompo North America

Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, has acquired Lenexa, Kan.-based Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises Inc. (CGB). DCIS and ARMtech, Sompo International’s existing U.S. federally sponsored multi-peril …

Arthur J. Gallagher Acquires Texas Benefits Broker, PIATX

Arthur J. Gallagher & Co. has acquired San Antonio-based PIATX LLC. Terms of the transaction were not disclosed. Founded in 2009, PIATX is an employee benefits broker and consultant focused on delivering responsive and innovative coverages and services to businesses …

Alera Group Acquires Todd Associates in Ohio

Alera Group, an employee benefits, property/casualty, retirement services and wealth management firm based in Deerfield, Ill., has acquired Todd Associates Inc. (Todd Associates), headquartered in Beachwood, Ohio. The transaction is effective Dec. 1, 2020. Todd Associates, founded in 1939 and …

Hull & Company Acquires Assets of South & Western General Agency in Texas

Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Addison, Texas-based South & Western Inc. and all issued and outstanding shares of its affiliate, S&W Premium Finance Company Inc. With roots …

Texas’ Marine Underwriters of America Acquired by DOXA Insurance Holdings

DOXA Insurance Holdings LLC (DOXA) has acquired Conroe, Texas-based Marine Underwriters of America (MUA), a niche agency serving the marine industry with specialized insurance policies for ocean marine, inland marine and related property for commercial and recreational marine customers. Marine …

Oswald Companies, RCM&D to Merge, Create Unison Risk Advisors

Oswald Companies, based in Cleveland, Ohio, and RCM&D, headquartered in Towson, Md., have agreed to strategically merge and launch Unison Risk Advisors. The transaction is expected to close on or before Dec. 31, 2020. Both firms will maintain independent brands, …

CRC Group Acquiring Assets of Louisiana’s Continental Underwriters

CRC Group, a nationwide wholesale distributor of specialty insurance products, has agreed to acquire the assets of Continental Underwriters. Headquartered in Covington, La., Continental provides primary marine, excess marine liabilities, ocean cargo and inland marine insurance. Led by CEO H. …