acquisition News

Execs: Wholesalers at Center of Topa Plans After Acquisition of California Insurer

Two key executives involved in the acquisition of Topa Insurance Group by Altamont Capital Partners who spoke about the deal were emphatic about one thing: wholesalers will continue to be the center of the company’s distribution model. Altamont announced on …

Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited

London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate alongside Trireme’s existing London brokers, Oxford Insurance Brokers …

U.S. Risk Announces Acquisition of L.A. Xcess Insurance Brokers, Inc.

Dallas, TX, March 2, 2018—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired L.A. Xcess Insurance Brokers, Inc., a Los Angeles, California based wholesale broker focused on the entertainment industry. …

Auto Insurance Specialists Acquires Suncal Insurance Services

Agency acquisition complements AIS’s strong record of internal growth. Cerritos, CA, February 9, 2016 – Auto Insurance Specialists (AIS) today announced the acquisition of Suncal Insurance Services based in Santa Clarita, California. Terms of the transaction were not disclosed. Founded …

Stratton Agency Acquires Willis Retail Pizza Program

Stratton Agency, an independent insurance brokerage in San Carlos, Calif., has acquired Willis Insurance Services retail pizza program. This purchase, initiated by the PizzaSurance division, includes hundreds of pizzeria clients in 38 states across the country. PizzaSurance by Stratton Agency …

First Light Program Managers, Inc. Acquires the Assets of Frontline Underwriters, Inc.

Dania, FL, 10/10/13 – Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and Gregory B. Crotty, President of Frontline Underwriters, Inc. of Madison, Mississippi announced today that they have entered into an agreement for First Light …

Tower Group International Enters Marine and Energy Market

Tower Group International, Ltd. has entered into the marine and energy insurance market. Tower’s new marine and energy team will be led by Tom Guarnera and Jeff Kaufmann, who are joining Tower from the U.S. office of ANV Holdings BV, …

Segal Select Insurance Acquires Fiduciary Business from A&R Associates

Segal Select Insurance Services, Inc. has acquired Broker of Record rights to certain fiduciary liability policies and fidelity bonds previously brokered by A&R Associates in Alexandria, Va. According to Brian Smith, Segal Select’s chief operating officer, the acquisition expands Segal’s …

Atlas General Insurance Services Acquires South Bay Underwriters

San Diego, CA, 4/4/13 – Atlas General Insurance Services, LLC, is pleased to announce its acquisition of South Bay Underwriters, LLC, from Bliss & Glennon, a leading national managing general agency and surplus lines broker. Upon closing of the transaction, …

Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial

Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial consulting services firm. Avalon Actuarial was founded …